Loan Agreement Amendment (Hardwired LIBOR Fallback Language Referencing SOFR) | Practical Law

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.

Loan Agreement Amendment (Hardwired LIBOR Fallback Language Referencing SOFR)

Practical Law Standard Document w-032-4617 (Approx. 35 pages)

Loan Agreement Amendment (Hardwired LIBOR Fallback Language Referencing SOFR)

by Practical Law Finance
Law stated as of 12 Jan 2024USA (National/Federal)
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.