Common use of Historic Term SOFR Clause in Contracts

Historic Term SOFR. If sub-paragraph (a) above applies but Interpolated Term SOFR is not available for an Interest Period of the relevant Loan, the Reference Rate for such Interest Period shall be Historic Term SOFR for a period equal in length to the Interest Period of that Loan.

Appears in 2 contracts

Samples: Supplemental Agreement (Grindrod Shipping Holdings Ltd.), Supplemental Agreement (Grindrod Shipping Holdings Ltd.)

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Historic Term SOFR. If sub-paragraph (a) above applies but Interpolated Term SOFR is not available for an the Interest Period of the relevant Term SOFR Loan, the Term SOFR Reference Rate for such Interest Period shall be Historic Term SOFR for a period equal in length to the Interest Period of that Term SOFR Loan.

Appears in 2 contracts

Samples: Third Amendment and Restatement Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD)

Historic Term SOFR. If sub-paragraph (a) above applies but the applicable Interpolated Term SOFR is not available for an the Interest Period of the relevant Forward Rate Loan, the Forward Reference Rate for such Interest Period shall be the Historic Term SOFR for a period equal in length to the Interest Period of that Forward Rate Loan.

Appears in 2 contracts

Samples: Loan Agreement (Castor Maritime Inc.), Facility Agreement (Castor Maritime Inc.)

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Historic Term SOFR. If sub-paragraph (aclause 10.1(a) above applies but Interpolated Term SOFR is not available for an the Interest Period of the relevant Loan, the Reference Base Rate for such Interest Period shall be Historic Term SOFR for a period equal in length to the Interest Period of that Loan.

Appears in 1 contract

Samples: Uncommitted Borrowing Base Facility Agreement (Hafnia LTD)

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