Common use of Term SOFR Revolving Loans Clause in Contracts

Term SOFR Revolving Loans. By no later than 11:00 a.m. three Business Days prior to the date of a Borrower’s request for funding of the borrowing (or for the conversion of Base Rate Loans to Term SOFR Revolving Loans or the continuation of existing Term SOFR Loans), such Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth (i) the amount requested, (ii) the desire to have such Revolving Loans accrue interest at the Adjusted Term SOFR Rate, (iii) the Interest Period applicable thereto, and (iv) except in the case of conversions of Base Rate Loans to Term SOFR Revolving Loans or the continuation of existing Term SOFR Loans, complying in all respects with Section 6.2 hereof.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Dominion Energy, Inc), Revolving Credit Agreement (Dominion Energy South Carolina, Inc.), Revolving Credit Agreement (Virginia Electric & Power Co)

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Term SOFR Revolving Loans. By no later than 11:00 a.m. three Business Days prior to the date of a the Borrower’s request for funding of the borrowing (or for the conversion of Base Rate Loans to Term SOFR Revolving Loans or the continuation of existing Term SOFR Loans), such the Borrower shall submit a Notice of Borrowing to the Administrative Agent setting forth (i) the amount requested, (ii) the desire to have such Revolving Loans accrue interest at the Adjusted Term SOFR Rate, (iii) the Interest Period applicable thereto, and (iv) except in the case of conversions of Base Rate Loans to Term SOFR Revolving Loans or the continuation of existing Term SOFR Loans, complying in all respects with Section 6.2 hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Dominion Energy, Inc)

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