Common use of SOFR Loans Clause in Contracts

SOFR Loans. If such Loan is a SOFR Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of the Adjusted Term SOFR for such Interest Period plus the Applicable Margin, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three (3) months, at three- (3) month intervals following the first day of such Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Livent Corp.), Credit Agreement (Arcadium Lithium PLC)

AutoNDA by SimpleDocs

SOFR Loans. If During such periods as such Loan is a SOFR Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of the (x) Adjusted Term SOFR for such Interest Period for such Loan, plus (y) the Applicable MarginMargin in effect for SOFR Loans from time to time, payable in arrears on (A) the last day of such Interest Period andPeriod, if (B) on the date on which such Interest Period has a duration of more than three Loan shall be paid in full and (3C) months, at three- on the Maturity Date. (3) month intervals following the first day of such Interest Period.b)

Appears in 1 contract

Samples: Version Active 63591839v76 Credit Agreement (Agco Corp /De)

SOFR Loans. If such Loan is a SOFR Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of the Adjusted Term SOFR for such Interest Period plus the Applicable Margin, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three (3) months, at three- (3) month intervals following the first day of such Interest Period.. (iii)

Appears in 1 contract

Samples: Credit Agreement (Livent Corp.)

SOFR Loans. If such Each SOFR Loan is a SOFR Loan, shall bear interest at a rate per annum equal at all times during each to the lesser of (i) the sum of Term SOFR for the applicable Interest Period for such Loan to the sum of the Adjusted Term SOFR for such Interest Period plus the Applicable MarginRate and (ii) the Highest Lawful Rate, payable on the last day of such Interest Period and, if such with respect to Interest Period has a duration Periods of more than three (3) monthssix months or longer, at three- (3) month intervals following on the first day of such Interest Period.ninetieth

Appears in 1 contract

Samples: Term Loan Agreement (Centerpoint Energy Resources Corp)

AutoNDA by SimpleDocs

SOFR Loans. If such Loan is a SOFR Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of the applicable Adjusted Term SOFR with respect to such Loan for such Interest Period plus the Applicable Margin, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three (3) months, at three- (3) three-month intervals following the first day of such Interest Period.. (iv)

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

SOFR Loans. If While such Loan is a SOFR Loan, a rate per annum equal at all times during for each Interest Period for such Loan equal to the sum of the Adjusted Term SOFR for such Interest Period plus the Applicable MarginMargin as in effect from time to time, interest under this clause (ii) to be payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three (3) months, at three- (3) month intervals following on the date three months after the first day of such Interest Period, and on each date on which such SOFR Loan shall be Continued or Converted and on the date of each payment of principal thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Carlyle Group Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!