Common use of SOFR Advances Clause in Contracts

SOFR Advances. During such periods as such Advance is a SOFR Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Margin for SOFR Advances 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 that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such SOFR Advance shall be Converted or paid in full.

Appears in 2 contracts

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

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SOFR Advances. During such periods as While such Advance is a SOFR Advance, a rate per annum equal at all times during for 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 Margin Rate 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 that which occurs during such Interest Period every three months from at three-month intervals after the first day of such Interest Period Period, and on the 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)

SOFR Advances. During such periods as such Advance is a SOFR Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum result of (x) Adjusted Term the SOFR for such Interest Period for such SOFR Advance plus (y) the Applicable Margin for the applicable SOFR Advances 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 that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such SOFR Advance shall be Converted or paid in full.

Appears in 1 contract

Samples: Term Loan Agreement (Royal Caribbean Cruises LTD)

SOFR Advances. During such periods as If such Advance is a SOFR Advance, a rate per annum equal at all times during each the Interest Period for such Advance to the sum of (x) Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Margin for such SOFR Advances Advance in effect from time to time, payable in arrears 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 that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such SOFR Advance shall be Converted or paid in fullPeriod.

Appears in 1 contract

Samples: Credit Agreement (Entergy New Orleans, LLC)

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SOFR Advances. During such periods as such Advance is a SOFR Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Margin for SOFR Advances 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 that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such SOFR Advance shall be Converted or paid in full.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

SOFR Advances. During such periods as If such Advance is a SOFR Advance, a rate per annum equal at all times during each the Interest Period for such Advance to the sum of (x) the Adjusted Term SOFR for such Interest Period for such Advance plus (y) the Applicable Margin for SOFR Advances in effect from time to timeMargin, payable in arrears 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 that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such SOFR Advance shall be Converted or paid in fullPeriod.

Appears in 1 contract

Samples: Term Loan Agreement (Aes Corp)

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