Common use of SOFR Rate Revolving Loans Clause in Contracts

SOFR Rate Revolving Loans. During such periods as such Revolving Loan is a SOFR Rate Revolving Loan, a rate per annum equal at all times during each Interest Period for such Revolving Loan to the sum of (x) Adjusted Term SOFR for such Interest Period for such Revolving Loan plus (y) the Applicable Margin for SOFR Rate Revolving Loans 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 Rate Revolving Loan shall be Converted or paid in full.

SOFR Rate Revolving Loans. During such periods as such Revolving Loan is a SOFR Rate Revolving Loan, a rate per annum equal at all times during each Interest Period for such Revolving Loan to the sum of (x) Adjusted Term SOFR Rate for such Interest Period for such Revolving Loan plus (y) the SOFR Adjustment plus (z) the Applicable Margin for SOFR Rate Revolving Loans 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 Rate Revolving Loan shall be Converted or paid in full.