Attached is the Daily Simple/SOFR/DCS "Compound the Balance" Concept Documents. The blackline, against the document dated February 27, 2023, is attached below as well (it will open as a zip file where both files are located). The blackline only reflects the pages that have changed....
This is an integrated form for usage with ARRC-style amendment approach provisions. It both selects the replacement rate of Adjusted Term SOFR (for an amendment approach) and incorporates, as an exhibit, the conforming changes necessary to implement the replacement rate. It is executed by the Administrative Agent, the Borrower, and the Loan Parties, and is...
The Conforming Changes Cover Amendment is a cover faceplate applicable to implement Benchmark Replacement Conforming Changes unilaterally (without borrower or lender affirmative consent) and is accompanied by Exhibit A/Operative Terms which contains the operative terms to implement Adjusted Term SOFR. It can be used either with an Amendment Approach Fallback (if another implementing document has...
