A set of typical clauses in loan agreements setting out the hardwired approach LIBOR fallback language referencing SOFR. These clauses also include a LIBOR disclaimer section. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips. Alert: Panel USD LIBOR was discontinued on June 30, 2023. The language in these Standard Clauses was prepared for use in loan agreements prior to LIBOR's cessation.