Common use of Term SOFR Clause in Contracts

Term SOFR. For the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Loan and Security Agreement (Credit Acceptance Corp)

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Term SOFR. For TheFor the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking one year term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Term SOFR. For the applicable Corresponding Tenor as of the applicable Reference TimeTenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.”;

Appears in 1 contract

Samples: Credit Agreement (Global Net Lease, Inc.)

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Term SOFR. For for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

Appears in 1 contract

Samples: Credit and Security Agreement (Titan International Inc)

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