Common use of SOFR Advances Clause in Contracts

SOFR Advances. While such Advance is a SOFR Advance, a rate per annum for each Interest Period for such Advance equal to the sum of Adjusted Term SOFR for such Interest Period plus the Applicable Rate for SOFR Advances as in effect from time to time, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs at three-month intervals after the first day of such Interest Period, and on each date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Cna Financial Corp), Revolving Credit Agreement (Cna Financial Corp)

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SOFR Advances. While During such periods as such Advance is a SOFR Advance, a rate per annum for equal at all times during each Interest Period for such Advance equal to the sum of (x) Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Rate Margin for SOFR Advances as in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which that occurs at three-month intervals after during such Interest Period every three months from the first day of such Interest Period, Period and on each the date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 2 contracts

Samples: Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co)

SOFR Advances. While If such Advance is a SOFR Advance, a rate per annum for each equal at all times during the Interest Period for such Advance equal to the sum of the Adjusted Term SOFR for such Interest Period plus the Applicable Rate for SOFR Advances as in effect from time to timeMargin, payable on the last day of such each Interest Period for such SOFR Advance, on the Maturity Date and on each date such SOFR Advance shall be Converted or paid in full and, if such Interest Period has a duration of more than three months, on each day which that occurs at three-month intervals after during such Interest Period every three months from the first day of such Interest Period, and on each date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 1 contract

Samples: Term Loan Agreement (Aes Corp)

SOFR Advances. While Subject to Section 2.08(c) and Section 2.17(c), if such Advance is a SOFR Advance, a rate per annum for each equal at all times during the Interest Period for such Advance equal to the sum of based on Adjusted Term SOFR for such Interest Period plus the Applicable Rate for SOFR Advances as Margin in effect from time to time, payable on the last day of such Interest Period andPeriod; provided, however, that if such any Interest Period has for a duration of more than SOFR Advance exceeds three months, interest shall also be payable on each day which occurs at three-month intervals the respective dates that fall every three months after the first day beginning of such Interest Period, and on each date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 1 contract

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

SOFR Advances. While During such periods as such Advance is a SOFR Advance, a rate per annum for equal at all times during each Interest Period for such Advance equal to the sum of (x) Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Rate for SOFR Advances as Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which that occurs at three-month intervals after during such Interest Period every three months from the first day of such Interest Period, Period and on each the date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

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SOFR Advances. While Subject to Section 2.08(c), if such Advance is a SOFR Advance, a rate per annum for each equal at all times during the Interest Period for such Advance equal to the sum of based on Adjusted Term SOFR for such Interest Period plus the Applicable Rate for SOFR Advances as Margin in effect from time to time, payable on the last day of such Interest Period andPeriod; provided, however, that if such any Interest Period has for a duration of more than SOFR Advance exceeds three months, interest shall also be payable on each day which occurs at three-month intervals the respective dates that fall every three months after the first day beginning of such Interest Period, and on each date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 1 contract

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

SOFR Advances. While If such Advance is a SOFR Advance, a rate per annum for each equal at all times during the Interest Period for such Advance equal to the sum of Adjusted Term SOFR for such Interest Period plus the Applicable Rate Margin for such SOFR Advances as Advance in effect from time to time, payable on the last day of such each Interest Period for such SOFR Advance, on the date such SOFR Advance shall be Converted or paid in full and, if such Interest Period has a duration of more than three months, on each day which that occurs at three-month intervals after during such Interest Period every three months from the first day of such Interest Period, and on each date on which such SOFR Advance shall be Continued, Converted or paid in full.

Appears in 1 contract

Samples: Credit Agreement (Entergy New Orleans, LLC)

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