Adjusted LIBOTerm SOFR Rate 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 LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10%; provided that if the Adjusted Term SOFR 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 LIBOTerm SOFR Rate means, with respect to any Eurodollar Borrowing for purposes of any Interest Period or for any ABR Borrowing, an interestcalculation, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Ratecalculation, plus (b)(i) with respect to Revolving Loans, 0.10%; and (ii) with respect to FILO Term Loans, 0.15%; provided, that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor.
Adjusted LIBOTerm SOFR Rate 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 LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate 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.
Examples of Adjusted LIBOTerm SOFR Rate in a sentence
It shall be mandatory for each MPS to have a POS/Swipe Machine for acceptance of credit/debit cards from all customers without charging any additional transaction charge, for any sale above`100/-.
The applicable Alternate Base Rate or Adjusted LIBOTerm SOFR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
The applicable Alternate Base Rate, Adjusted LIBOTerm SOFR Rate, LIBOTerm SOFR Rate, Adjusted EURIBOR Rate, XXXXXXX Xxxx, Adjusted XXXXX Xxxx, XXXXX Xxxx, Daily Simple XXXXX, Adjusted CDOR Rate and CDOR Rate, shall be determined by the Administrative Agent.
The Loans comprising each Term Benchmark Borrowing shall bear interest at the Adjusted LIBOTerm SOFR Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.
The food and beverages operation has been conceptualized, developed, and implemented.
More Definitions of Adjusted LIBOTerm SOFR Rate
Adjusted LIBOTerm SOFR Rate means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwar ds, if necessar y, to the next 1/16 of 1% ) equal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by, plus
Adjusted LIBOTerm SOFR Rate with respect to any Borrowing of Term Benchmark LoansBorrowing denominated in Dollars for any(a) an Interest Period of one month, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (ai) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserves, plus (ii) 0.11448%, (b) an Interest Period of three months, an interest rate per annum equal to (i) the Term SOFR Rate for such Interest Period, plus (ii) 0.26161% and (c) an Interest Period of six months, an interest rate per annum equal to (i) the Term SOFR Rate for such Interest Period, plus (ii) 0.42826%; provided that, if the Adjusted LIBOTerm SOFR Rate, as so determined, would be less than zerothe Floor, such rate shall be deemed to be zeroequal to the Floor for the purposes of this Agreement.
Adjusted LIBOTerm SOFR Rate means, with respect to any LIBO Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of one percent) equal to the greater of (i) the product ofequal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate and (ii)(a) prior to the Amendment No. 7 Effective Date, 0.75% or (b) on and following the Amendment No. 7 Effective Date, 0.00% . At any time the Adjusted LIBO Rate is determined pursuant to clause (i) of the preceding sentence, the Adjusted LIBO Rate will be adjusted automatically as to all LIBO Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate, plus (b) 0.11448% (11.448 basis points) for an Interest Period of one-month’s duration, 0.26161% (26.161 basis points) for an Interest Period of three-months’ duration and 0.42826% (42.826 basis points) for an Interest Period of six-months’ duration; provided that if the Adjusted Term SOFR Rate 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.
Adjusted LIBOTerm SOFR Rate 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 interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (or such date, as applicable) multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10% per annum. Notwithstanding the foregoing, if the Adjusted LIBOTerm SOFR Rate as calculated in the immediately preceding sentence is less than zerothe Floor, then the Adjusted LIBOTerm SOFR Rate shall be deemed to be zeroequal to the Floor for the purposes of this Agreement.
Adjusted LIBOTerm SOFR Rate means, with respect to any LIBOR Rate Advance for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBORTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate 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.
Adjusted LIBOTerm SOFR Rate means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (provided that, solely for purposes of this clause (a), any, plus (b) (x) 0.11448% for an Interest Period of less than one-monthone (1) month, (y) 0.26161% for an Interest Period of three (3) months, and (z) 0.42826% for an Interest Period of six (6) months; provided that if the Adjusted Term SOFR Rate as so determined would be less than 0.00%, such rate shall be deemed to be one-month) multiplied by (b) the Statutory Reserve Rate0.00% for the purposes of this Agreement.
Adjusted LIBOTerm SOFR Rate means, with respect to any Eurocurrency Borrowing denominated in Dollars 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 interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (or such date, as applicable) multiplied by (b) the Statutory Reserve Rate.plux (x) 0.00%; provided that if the Adjusted Term SOFR Rate 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.