Common use of Term SOFR Clause in Contracts

Term SOFR. The forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

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Term SOFR. The the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the Interest Period options set forth in the definition of "Interest Period" and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Inari Medical, Inc.)

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Term SOFR. The the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Guess Inc)

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