Common use of Term SOFR Advances Clause in Contracts

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

Appears in 4 contracts

Samples: Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.)

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Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (Ax) the Adjusted Term SOFR for such Interest Period for such Advance plus (By) the Applicable Interest Rate Margin in effect from time to timetime for such Advance, 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 2 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

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

Appears in 2 contracts

Samples: Credit Agreement (Td Synnex Corp), Credit Agreement (Td Synnex Corp)

Term SOFR Advances. During such periods as such Revolving Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Revolving Advance to the sum of (Ax) the Adjusted Term SOFR for such Interest Period for such Revolving Advance plus (By) the Applicable Interest Rate Margin for Term 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 2 contracts

Samples: Assignment and Assumption (Arizona Public Service Co), Year Credit Agreement (Arizona Public Service Co)

Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (A) the Adjusted Term SOFR for such Interest Period for such Advance plus (B) the Applicable Interest Rate Margin in respect of Term SOFR Advances in effect from time to timeon the first day of such Interest Period, 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Date.full. (iii)

Appears in 2 contracts

Samples: Execution Copy Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)

Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (A) the Adjusted Term SOFR for such Interest Period for such Advance plus (B) the Applicable Interest Rate Margin Percentage in effect from time to timeon the first day of such Interest Period, 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Fox Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Mondelez International, Inc.)

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Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (Ax) the Adjusted Term SOFR for such Interest Period for such Advance plus (By) the Applicable Interest Margin for Term SOFR/SOFR Daily Floating Rate Margin 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (A) the Adjusted Term SOFR for such Interest Period for such Advance plus (B) the Applicable Interest Rate Margin in effect from time to timetime for such Advance, 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, Period and on the date such Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Dana Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Hershey Co)

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

Appears in 1 contract

Samples: Credit Agreement (Td Synnex Corp)

Term SOFR Advances. During such periods as such Advance is a Term SOFR Advance, a rate per annum equal at all times, times during each Interest Period for such Advance, Advance to the sum of (Ax) the Adjusted Term SOFR for such Interest Period for such Advance plus (By) the Applicable Interest Rate Margin in effect from time to timeMargin, 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 Term SOFR Advance shall be Converted or Continued or paid in full and on the Maturity Datefull.

Appears in 1 contract

Samples: Credit Agreement (Altria Group, Inc.)

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