Loan Agreement Amendment (Hardwired LIBOR Fallback Language Referencing SOFR) | Practical Law
A standard form of amendment agreement that can be used by lenders to modify a loan agreement to allow the borrower to add hardwired LIBOR fallback language referencing SOFR. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. Alert: Panel USD LIBOR was discontinued on June 30, 2023. The language in this Standard Document was prepared for use for loan agreements prior to LIBOR's cessation.