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: Facility Agreement (Euroseas Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Euroseas Ltd.)

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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 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 2 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator 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: Amendment and Restatement Agreement (IHS Holding LTD)

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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: Facility Agreement (Alibaba Group Holding 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: Loan Agreement (Kosmos Energy Ltd.)

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