Term SOFR Screen Rate Clause Samples

The Term SOFR Screen Rate clause defines how the Term Secured Overnight Financing Rate (SOFR) is determined and referenced within an agreement. It specifies that the applicable interest rate will be based on the rate published on a designated screen or information service, such as a financial data provider, for a specified tenor. This clause ensures that all parties have a clear, objective, and consistent method for identifying the relevant interest rate, thereby reducing ambiguity and potential disputes over rate calculation.
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Term SOFR Screen Rate the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Agent from time to time).
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Related to Term SOFR Screen Rate

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).