Early Opt-In Effective Date definition: Copy, customize, and use instantly
Introduction
The term "Early Opt-In Effective Date" refers to the date on which an opting-in party elects to transition to an alternative benchmark rate before a mandatory replacement event occurs. It is essential for ensuring clarity in financial agreements, particularly in cases where parties wish to preemptively adopt a new reference rate, thereby reducing uncertainty and disruption.
Below are various examples of how "Early Opt-In Effective Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Early Opt-In Effective Date" as a contractual transition trigger
This definition ties "Early Opt-In Effective Date" to the moment when an agreement formally shifts to an alternative benchmark rate.
"Early Opt-In Effective Date" means the first date on which the Administrative Agent receives written notice from the Borrower or the Required Lenders electing to transition to an alternative benchmark rate before the occurrence of a Benchmark Transition Event.
Definition of "Early Opt-In Effective Date" as a borrower or lender election date
This definition connects "Early Opt-In Effective Date" to the time when the borrower or lenders formally opt into the new rate framework.
"Early Opt-In Effective Date" refers to the date on which the Borrower, in consultation with the Lenders, notifies the Administrative Agent of its election to adopt a Benchmark Replacement Rate, subject to any required consents or approvals.
Definition of "Early Opt-In Effective Date" as an administrative agent's determination
This definition links "Early Opt-In Effective Date" to the moment the administrative agent acknowledges the opt-in request and makes it effective.
"Early Opt-In Effective Date" means the date designated by the Administrative Agent in response to an opt-in request from the Borrower or the Required Lenders, provided that all conditions precedent for the transition to the Benchmark Replacement Rate have been satisfied.
Definition of "Early Opt-In Effective Date" as a preemptive transition mechanism
This definition applies "Early Opt-In Effective Date" to agreements that allow for early adoption of an alternative rate before regulatory compulsion.
"Early Opt-In Effective Date" refers to the date mutually agreed upon by the parties to implement an alternative benchmark rate before a Benchmark Replacement Event would otherwise require such a transition.
Definition of "Early Opt-In Effective Date" as a lender-initiated transition date
This definition ties "Early Opt-In Effective Date" to the lender's decision to opt into a replacement benchmark.
"Early Opt-In Effective Date" means the date on which the Required Lenders deliver a written notice to the Administrative Agent electing to transition to the Benchmark Replacement Rate before a Benchmark Transition Event occurs.
Definition of "Early Opt-In Effective Date" as a pre-established agreement date
This definition connects "Early Opt-In Effective Date" to a previously negotiated opt-in timeline between the parties.
"Early Opt-In Effective Date" refers to the date specified in a written agreement between the Borrower and Lenders for the adoption of an alternative benchmark rate before a Benchmark Transition Event.
Definition of "Early Opt-In Effective Date" as a proactive benchmark adjustment
This definition links "Early Opt-In Effective Date" to a preemptive adjustment in anticipation of market changes.
"Early Opt-In Effective Date" means the date on which the parties, by mutual agreement, implement an alternative benchmark rate in anticipation of market disruptions affecting the existing reference rate.
Definition of "Early Opt-In Effective Date" as a market-driven trigger
This definition applies "Early Opt-In Effective Date" to a scenario where external market indicators necessitate early adoption of an alternative rate.
"Early Opt-In Effective Date" refers to the date determined by the Administrative Agent and the Required Lenders based on market conditions warranting an earlier transition to a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a borrower-requested transition
This definition ties "Early Opt-In Effective Date" to the borrower’s formal request to transition to a new benchmark rate.
"Early Opt-In Effective Date" means the date on which the Borrower submits a written request to the Administrative Agent, seeking to implement the Benchmark Replacement Rate before a Benchmark Transition Event.
Definition of "Early Opt-In Effective Date" as an administrative agent’s confirmation date
This definition connects "Early Opt-In Effective Date" to the administrative agent’s official confirmation of the benchmark transition.
"Early Opt-In Effective Date" refers to the date specified by the Administrative Agent upon confirming the opt-in election made by the Borrower or Required Lenders to transition to a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a compliance-driven transition
This definition links "Early Opt-In Effective Date" to the need for regulatory compliance before a mandatory transition event.
"Early Opt-In Effective Date" means the date on which the Borrower or Lenders elect to implement an alternative benchmark rate to ensure compliance with anticipated regulatory changes.
Definition of "Early Opt-In Effective Date" as a consent-based activation date
This definition applies "Early Opt-In Effective Date" to situations requiring formal consents before transitioning to an alternative rate.
"Early Opt-In Effective Date" refers to the date on which all necessary consents from the Borrower, Lenders, and Administrative Agent have been obtained to implement the Benchmark Replacement Rate before the Benchmark Transition Event.
Definition of "Early Opt-In Effective Date" as an opt-in deadline for benchmark transition
This definition ties "Early Opt-In Effective Date" to a contractual deadline for electing a new rate.
"Early Opt-In Effective Date" means the latest date by which the Borrower or Lenders may elect to transition to an alternative benchmark rate, as specified in the agreement.
Definition of "Early Opt-In Effective Date" as a liquidity risk mitigation measure
This definition connects "Early Opt-In Effective Date" to a risk management decision aimed at mitigating potential disruptions.
"Early Opt-In Effective Date" refers to the date determined by the Administrative Agent and Required Lenders to reduce exposure to benchmark rate instability by transitioning to a new reference rate.
Definition of "Early Opt-In Effective Date" as a negotiated rate change event
This definition links "Early Opt-In Effective Date" to a mutually agreed shift in benchmark rates based on contractual negotiations.
"Early Opt-In Effective Date" means the date on which the parties agree to implement an alternative benchmark rate as part of negotiated amendments to the loan agreement.
Definition of "Early Opt-In Effective Date" as a temporary benchmark replacement
This definition applies "Early Opt-In Effective Date" to an interim adoption of an alternative rate before a permanent transition.
"Early Opt-In Effective Date" refers to the date on which an alternative benchmark rate is adopted temporarily, pending finalization of a permanent Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as an anticipatory benchmark phase-in
This definition ties "Early Opt-In Effective Date" to the phased introduction of a replacement rate ahead of mandatory transition requirements.
"Early Opt-In Effective Date" means the date on which the transition to an alternative benchmark rate begins in phases before the official Benchmark Transition Event.
Definition of "Early Opt-In Effective Date" as a scheduled transition trigger
This definition connects "Early Opt-In Effective Date" to a pre-specified milestone triggering the rate transition.
"Early Opt-In Effective Date" refers to the date set forth in the agreement as a predetermined trigger for adopting a new benchmark rate.
Definition of "Early Opt-In Effective Date" as a strategic rate transition date
This definition links "Early Opt-In Effective Date" to a strategic decision by the parties to shift to an alternative rate ahead of schedule.
"Early Opt-In Effective Date" means the date selected by the parties for transitioning to an alternative benchmark rate as part of a broader financial strategy.
Definition of "Early Opt-In Effective Date" as an accelerated benchmark replacement
This definition ties "Early Opt-In Effective Date" to a scenario where the benchmark replacement is expedited due to market conditions.
"Early Opt-In Effective Date" means the date on which the Administrative Agent, in consultation with the Lenders, determines that an immediate transition to an alternative benchmark rate is necessary to address market volatility.
Definition of "Early Opt-In Effective Date" as a borrower-initiated acceleration
This definition connects "Early Opt-In Effective Date" to the borrower's proactive decision to transition to a new benchmark rate.
"Early Opt-In Effective Date" refers to the date on which the Borrower submits written notice to the Administrative Agent, requesting an early transition to a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a benchmark phase-out response
This definition links "Early Opt-In Effective Date" to the discontinuation of a benchmark rate, prompting an early transition.
"Early Opt-In Effective Date" means the date on which the parties elect to implement a Benchmark Replacement Rate due to the anticipated discontinuation of the existing benchmark.
Definition of "Early Opt-In Effective Date" as a hedge adjustment mechanism
This definition applies "Early Opt-In Effective Date" to financial instruments requiring adjustments to maintain hedging strategies.
"Early Opt-In Effective Date" refers to the date established to align loan pricing with changes in hedge agreements related to a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a multi-party approval threshold
This definition ties "Early Opt-In Effective Date" to the moment all required approvals for the benchmark transition are secured.
"Early Opt-In Effective Date" means the date on which the Borrower, Required Lenders, and Administrative Agent provide all necessary consents to effectuate the Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a financial stability safeguard
This definition connects "Early Opt-In Effective Date" to a preemptive transition aimed at maintaining financial stability.
"Early Opt-In Effective Date" refers to the date on which an early benchmark transition is implemented to mitigate potential disruptions to loan pricing and financial operations.
Definition of "Early Opt-In Effective Date" as a risk management decision
This definition links "Early Opt-In Effective Date" to a lender's assessment of risks associated with continued reliance on an existing benchmark.
"Early Opt-In Effective Date" means the date on which the Required Lenders determine that an alternative benchmark rate should be adopted due to increasing uncertainty surrounding the existing reference rate.
Definition of "Early Opt-In Effective Date" as a negotiated transition milestone
This definition applies "Early Opt-In Effective Date" to a contractually agreed milestone for early adoption of a new benchmark.
"Early Opt-In Effective Date" refers to the date pre-agreed by the parties in the loan documents for the implementation of a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a market consensus benchmark shift
This definition ties "Early Opt-In Effective Date" to a collective market decision to move to a new benchmark.
"Early Opt-In Effective Date" means the date on which a consensus among market participants supports the transition to a Benchmark Replacement Rate, leading the parties to opt in early.
Definition of "Early Opt-In Effective Date" as a response to regulatory advisories
This definition connects "Early Opt-In Effective Date" to regulatory guidance prompting early adoption of an alternative rate.
"Early Opt-In Effective Date" refers to the date selected by the parties to transition to a Benchmark Replacement Rate in response to regulatory recommendations encouraging an early switch.
Definition of "Early Opt-In Effective Date" as a borrower-lender agreement point
This definition links "Early Opt-In Effective Date" to an agreed transition point between the borrower and lender.
"Early Opt-In Effective Date" means the date mutually agreed upon by the Borrower and the Required Lenders for the implementation of an alternative benchmark rate.
Definition of "Early Opt-In Effective Date" as a specified opt-in deadline
This definition applies "Early Opt-In Effective Date" to the final date by which an early transition election must be made.
"Early Opt-In Effective Date" refers to the latest date permitted under the agreement for the Borrower or Required Lenders to elect a Benchmark Replacement Rate.
Definition of "Early Opt-In Effective Date" as a response to index inaccuracy concerns
This definition ties "Early Opt-In Effective Date" to concerns about the accuracy of the existing benchmark.
"Early Opt-In Effective Date" means the date on which the parties elect to transition to a Benchmark Replacement Rate due to concerns regarding the reliability or accuracy of the existing reference rate.
Definition of "Early Opt-In Effective Date" as an opt-in process trigger
This definition connects "Early Opt-In Effective Date" to the activation of an opt-in election mechanism in the agreement.
"Early Opt-In Effective Date" refers to the date on which the opt-in election process for transitioning to an alternative benchmark rate is officially triggered.
Definition of "Early Opt-In Effective Date" as a credit agreement amendment date
This definition links "Early Opt-In Effective Date" to the formal amendment of a credit agreement to reflect the benchmark transition.
"Early Opt-In Effective Date" means the date on which the credit agreement is amended to incorporate the Benchmark Replacement Rate, following an early opt-in election.
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