1-Month SOFR definition
1-Month SOFR means, with respect to any day of determination (such day, the “Periodic SOFR Determination Day”), the SOFR Reference Rate on the Periodic SOFR Determination Day that is three (3) U.S. Government Securities Business Days prior to the first day of such month, as such rate is published by the SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic SOFR Determination Day the SOFR Reference Rate for the applicable tenor has not been published by the SOFR Administrator, then 1-Month SOFR will be the SOFR Reference Rate as published by the SOFR Administrator on the first preceding Business Day for which such SOFR Reference Rate for such tenor was published by the SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic SOFR Determination Day.
1-Month SOFR means, for a tenor of one (1) month, the applicable SOFR-based rate as of any date of determination.
1-Month SOFR means the rate as displayed for the date corresponding to the 6th Trading Day following the relevant Forced Exercise Date on Bloomberg page “<TSFR1M Index> HP” (or its equivalent successor if such page is not available).
More Definitions of 1-Month SOFR
1-Month SOFR as used herein, shall mean on any day, the higher of (y) the rate reported for the CME Term SOFR (as published on the CME Group Benchmark Administration website (or such other page as may replace that page on that service or such other service or services as may be reasonably selected by Lessor for the purpose of displaying forward-looking SOFR rates) for the business day immediately preceding the date the applicable Interim Rental Rate is determined and (z) 4.00%.
1-Month SOFR means, means the 30 day trailing average SOFR as of any measurement date, as published by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) in the SOFR Averages and Index.