Common use of Compounded SOFR; Clause in Contracts

Compounded SOFR;. (2) the sum of: (a) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;

Appears in 19 contracts

Samples: Subordinated Indenture (Provident Financial Services Inc), Indenture (Valley National Bancorp), Subordinated Indenture (Sandy Spring Bancorp Inc)

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Compounded SOFR;. (2) b. the sum of: (ai) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (bii) the Benchmark Replacement Adjustment;

Appears in 16 contracts

Samples: Indenture (Home Bancorp, Inc.), Indenture (Home Bancorp, Inc.), Indenture (Investar Holding Corp)

Compounded SOFR;. (2) the sum of: of (a) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;

Appears in 3 contracts

Samples: Second Supplemental Indenture (Ameris Bancorp), First Supplemental Indenture (First Interstate Bancsystem Inc), ConnectOne Bancorp, Inc.

Compounded SOFR;. (2) the sum of: (ai) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (bii) the Benchmark Replacement Adjustment;

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (Summit Financial Group Inc), Subordinated Note Purchase Agreement (Pinnacle Bankshares Corp), Form of Subordinated Note Purchase Agreement (Spirit of Texas Bancshares, Inc.)

Compounded SOFR;. (2) the sum of: (a) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;

Appears in 2 contracts

Samples: Supplemental Indenture (Heartland Financial Usa Inc), First Supplemental Indenture (Western Alliance Bancorporation)

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Compounded SOFR;. (2) the b.the sum of: (ai) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (bii) the Benchmark Replacement Adjustment;

Appears in 2 contracts

Samples: Form of Subordinated Note Purchase Agreement (First Western Financial Inc), Indenture (Meridian Corp)

Compounded SOFR;. (2) the sum of: (ai) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (bii) the Benchmark Replacement Adjustment;

Appears in 1 contract

Samples: Equity Bancshares Inc

Compounded SOFR;. (2b) the sum of: (ai) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (bii) the Benchmark Replacement Adjustment;

Appears in 1 contract

Samples: Registration Rights Agreement

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