Common use of Unavailability of Term SOFR Clause in Contracts

Unavailability of Term SOFR. (a) Interpolated Term SOFR: If no Term SOFR is available for the Interest Period of the Loan or any part of the Loan, the applicable Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 8 contracts

Samples: Assignment Agreement (Euroseas Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Supplemental Agreement (Euroseas Ltd.)

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Unavailability of Term SOFR. (a) Interpolated Term SOFR: SOFR If no Term SOFR is available for the Interest Period of the Loan or any part of the a Term SOFR Loan, the applicable Term SOFR Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Term SOFR Loan.

Appears in 2 contracts

Samples: Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)

Unavailability of Term SOFR. (aA) Interpolated Term SOFR: If no Term SOFR is available for the Interest Period of the Loan or any part of the a Loan, the applicable Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 2 contracts

Samples: Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

Unavailability of Term SOFR. (a) Interpolated Term SOFR: If no Term SOFR is not available for the an Interest Period of the Loan or any part of the Loan, the applicable Reference Rate for such Interest Period shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 2 contracts

Samples: Supplemental Agreement (Grindrod Shipping Holdings Ltd.), Supplemental Agreement (Grindrod Shipping Holdings Ltd.)

Unavailability of Term SOFR. (a) Interpolated Term SOFR: If no Term SOFR is available for the Interest Period of the Loan or any part of the a Loan, the applicable Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 1 contract

Samples: Credit Agreement (IHS Holding LTD)

Unavailability of Term SOFR. (a) Interpolated Term SOFR: If no Term SOFR is available for the Interest Period of the a Loan or any part of the a Loan, the applicable Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the that Loan.

Appears in 1 contract

Samples: Navigator Holdings Ltd.

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Unavailability of Term SOFR. (a) Interpolated Term SOFR: 10.1.1 If no Term SOFR is available for the Interest Period of the Loan or any part of the Loan, the applicable Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 1 contract

Samples: Performance Shipping Inc.

Unavailability of Term SOFR. (a) Interpolated Term SOFR: If no Term SOFR is not available for the Interest Period of the Loan or any part of the a Term SOFR Loan, the applicable Term SOFR Reference Rate for such Interest Period shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Term SOFR Loan.

Appears in 1 contract

Samples: Second Amendment and Restatement Agreement (Alibaba Group Holding LTD)

Unavailability of Term SOFR. (a) Interpolated Term SOFR: SOFR If no Term SOFR is available for the Interest Period of the Loan or any part of the a Term SOFR Loan, the applicable Term SOFR Reference Rate shall be the Interpolated Term SOFR for a period equal in length to the Interest Period of the Loan or that part of the Term SOFR Loan.. ​

Appears in 1 contract

Samples: And Restatement Agreement (Ardmore Shipping Corp)

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