Adjusted LIBO RateTerm SOFR means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO RateTerm SOFR for such Interest Period multiplied byplus (b) the Statutory Reserve Percentage0.10%; provided that if the Adjusted LIBO Rate shallsuch rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.
Adjusted LIBO RateTerm SOFR means, with respect to any Eurodollar Borrowing for any Interest Period (or, solely for purposes of clause (c) of the defined term "Alternate Base Rate", for purposes of determining the Alternate Base Rate as of any date), an interestany calculation, the rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the product of (a) the LIBO Rate in effectTerm SOFR for such Interest Period (or such date, ascalculation plus (b) the applicable) and (b) the Statutory Reserves Term SOFR Adjustment; provided, however, that theif Adjusted LIBO RateTerm SOFR as so determined shall at no timeever be less than 0.50% per annumthe Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Adjusted LIBO RateTerm SOFR means, with respect to any Eurodollar Borrowing for any Interest Period, the greater of (i)(a) an interestfor purposes of any calculation, the rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1.00%) equal to the LIBO Rate for such Eurodollar Borrowing in effect for such Interest Period divided by (b) 1 minus the Statutory Reserves (if any) for such Eurodollar Borrowing for such Interest Period and (ii) 1.00%equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. “Administrative Agent” shall have the meaning given to that term in the preamble hereto, and include each other person appointed as a successor pursuant to Article IX. “Administrative Questionnaire” shall mean an Administrative Questionnaire in form that may be supplied from time to time by Administrative Agent. 2 US-DOCS\121951479.16133960081.2
Examples of Adjusted LIBO RateTerm SOFR in a sentence
The Borrower shall pay interest on each Base Rate Loan at the Base Rate in effect from time to time and on eachEurodollar SOFR Loan at the Adjusted LIBO RateTerm SOFR for the applicable Interest Period in effect for such Loan, plus, in each case, the Applicable Margin in effect from time to time.
More Definitions of Adjusted LIBO RateTerm SOFR
Adjusted LIBO RateTerm SOFR means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest for the purposes of any calculation, the rate per annum equal to (a) the LIBO Rate in effect for such Interest Period divided by (b) one minus the Statutory Reserves applicable to such Eurocurrency Borrowing, if anyTerm SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if the Adjusted LIBO RateTerm SOFR as so determined shall ever be less than 1.00%, the Floor, then Adjusted LIBO RateTerm SOFR shall be deemed to be 1.00%the Floor.
Adjusted LIBO RateTerm SOFR means, with respect to any Eurodollar Borrowing for purposes of any Interest Periodcalculation, an interest rate per annum equal to the greater of (a) 1.00% per annum and (Term SOFR plus (b) the product of (i) the LIBO Rate in effect for suchthe case of an Interest Period of one-month’s duration, 0.11448% (11.448 basis points), (ii) in the case of an Interest Period and (ii) Statutory Reservesof three-months’ duration, 0.26161% (26.161 basis points), and (iii) in the case of an Interest Period of six-months’ duration, 0.42826% (42.826 basis points); provided that, if Adjusted Term SOFR determined as provided above shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Adjusted LIBO RateTerm SOFR means, with respect to any EurocurrencyTerm Benchmark Borrowing for any Interest Period or for any Borrowing of Base Rate Loans, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO RateTerm SOFR for such Interest Period multiplied by, plus (b) the Statutory Reserve RateTerm SOFR Adjustment provided that if the Adjusted Term SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. 4879-0244-9248v.71 US 9692390v.1 CHA715/20025
Adjusted LIBO RateTerm SOFR means, with respect to any LIBO Rate Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO RateTerm SOFR for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b)(i) 0.11448% for a one-month Interest Period, (ii) 0.26161% for a three-month Interest Period and (iii) 0.42826% for a six-month Interest Period; provided that, notwithstanding the foregoing, the Adjusted LIBO RateTerm SOFR shall at no time be less than 0.50% per annum.
Adjusted LIBO RateTerm SOFR means, with respect to each Interest Period for a Eurodollar Loan, (i)for purposes of any calculation, the rate per annum equal to the London interbank
Adjusted LIBO RateTerm SOFR means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.Term SOFR, plus (b) a percentage per annum equal to 0.10%; provided that if Adjusted Term SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Adjustment Date” has the meaning set forth in the definition of Applicable Pricing Grid. “Administrative Agent” means JPMorgan Chase Bank, N.A., together with its affiliates, as the administrative agent for the Lenders under this Agreement and the other Loan Documents, together with any of its successors. “Advisory Fees” has the meaning set forth in the definition of Consolidated EBITDA. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. “Agents” means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement. “Agreement” has the meaning set forth in the preamble hereto. “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus ½ of 1% and (c) the Adjusted LIBO RateTerm SOFR for a one month Interest Period onas published two (2) U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1%; provided that for the purpose of this definition, the Adjusted LIBO RateTerm SOFR for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one month Interest Period, the Interpolated Rate)Term SOFR Reference Rate at approximately 11:00 a.m. London5:00 a.m. Chicago time on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Refe...
Adjusted LIBO RateTerm SOFR means, with respect to any EurodollarTerm Benchmark Borrowing denominated in Dollars or an Alternative Currency (other than Canadian Dollars or Euros) for any Interest Period, an interest rate per annum equal to (ia) the LIBO RateTerm SOFR for such Interest Period multiplied byplus (iib) the Statutory Reserve RateTerm SOFR Adjustment; provided, that, in no event shall if the Adjusted LIBO RatesTerm SOFR determined as provided above shall ever be less than 0.00% per annumthe Floor, the Adjusted Term SOFR shall be deemed to be the Floor. “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the First Lien Administrative Agent. “Affected Class” has the meaning specified in Section 2.24(a). “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, with respect to a specified Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified. “Agent” means the First Lien Administrative Agent, the First Lien Collateral Agent, each Joint Lead Arranger and any successors and assigns of the foregoing in such capacity, and “Agents” means two or more of them. “Agent Parties” has the meaning given to such term in Section 9.01(c). “Agreement” has the meaning given to such term in the preliminary statements hereto. “Agreement Currency” has the meaning assigned to such term in Section 9.17. “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1.00% and (c) the -2- [EMEA_ACTIVE 302040156_13]