Adjusted Term CORRA definition

Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the Term CORRA Adjustment; provided that if Adjusted Term CORRA as so determined shall ever be less than the Floor, then Adjusted Term CORRA shall be deemed to be the Floor.

Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the CORRA Adjustment; provided that, if Adjusted Term CORRA as so determined for any day shall be less than the Floor, then Adjusted Term CORRA shall be deemed to be the Floor for such day.

Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the Term CORRA Adjustment.

Examples of Adjusted Term CORRA in a sentence

• The Lender and its affiliates or other related entities may engage in transactions that affect the calculation of the Prime Rate, Base Rate, US Prime Rate, the Term CORRA Reference Rate, Adjusted Term CORRA, Term CORRA, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers.

• If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing, a SOFR Borrowing (if the then-current Benchmark is Adjusted Term SOFR) or an Adjusted Term CORRA Borrowing (if the then-current Benchmark is Adjusted Term CORRA) prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, the Borrower shall be deemed to have selected an Interest Period of one (1) month’s duration.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of ABR, Adjusted Term SOFR, Term SOFR, Daily Compounded SOFR, the Term CORRA Reference Rate, Adjusted Term CORRA, Term CORRA, Daily Compounded CORRA, any Relevant Rate, any Daily Simple RFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

More Definitions of Adjusted Term CORRA

Adjusted Term CORRA means, with respect to any CORRA Borrowing for any Interest Period, an interest rate per annum equal to the greater of (a) Term CORRA for such calculation and (b) 0.00% per annum.

Adjusted Term CORRA means (a) Term CORRA plus (b) (i) 0.29547% for a one-month Interest Period and (ii) 0.32138% for a three-month Interest Period.

Adjusted Term CORRA means a per annum rate equal to Term CORRA plus the Term CORRA Adjustment.

Adjusted Term CORRA means for any Available Tenor and Interest Period with respect to a RFR Loan denominated in Canadian Dollars, the sum of (a) Term CORRA for such Interest Period and (b) the Term CORRA Adjustment for the applicable Interest Period; provided that if Adjusted Term CORRA as so determined would be less than the Floor, then Adjusted Term CORRA shall be deemed to be the Floor.

Adjusted Term CORRA means, for purposes of any calculation, the higher of (a) the rate per annum equal to (i) Term CORRA for such calculation plus (ii) the “Term CORRA Adjustment” (to be agreed) and (b) the CORRA Floor.

Adjusted Term CORRA means, the rate per annum equal to (a) Term CORRA plus (b) the percentage amount stipulated as CORRA Adjustment in the Interest section of the Credit Facility Agreement; provided that in no event will the Adjusted Term CORRA be less than zero.