Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment.
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Credit Adjustment Spread; provided that if Adjusted Term XXXXX as so determined would be less than the Floor, then Adjusted Term XXXXX will be deemed to be the Floor.
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided that if Adjusted Term XXXXX as so determined shall be less than zero, then Adjusted Term XXXXX shall be deemed to be zero.
Examples of Adjusted Term XXXXX in a sentence
The Agent and its Affiliates or other related entities may engage in transactions that affect the calculation of the XXXXX Benchmark, Prime Rate, Term XXXXX, Daily Compounded XXXXX, Adjusted Term XXXXX, Adjusted Daily Compounded XXXXX or any alternative, successor or replacement rate (including any XXXXX Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers.
More Definitions of Adjusted Term XXXXX
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided that if Adjusted Term XXXXX as so determined shall ever be less than the Floor, then Adjusted Term XXXXX shall be deemed to be the Floor. “Adjusted Term SOFR” means with respect to any tenor, the per annum rate equal to the sum of (i) Term SOFR plus (ii) 0.11448% (11.448 basis points) for an Available Tenor of one‐month’s duration and 0.26161% (26.161 basis points) for an Available Tenor of three‐months’ duration; 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. “Adjustment Date” has the meaning specified in the definition of “Applicable Margin.” “Administrative Agent” means Bank of Montreal, in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower Agent and the Lenders. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “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 through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. For the purposes of (i) Section 8.08 and (ii) the proviso to the definition of “Eligible Assignee” only, a Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting 2 [Matrix] Credit Agreement #85638137
Adjusted Term XXXXX means, for any Interest Period, the per annum rate equal to the sum of (i) Term XXXXX, plus (ii) the Applicable Margin; plus (iii) the XXXXX Adjustment, provided that if Adjusted Term XXXXX as so determined shall ever be less than the Floor, then Adjusted Term XXXXX shall be deemed to be the Floor. 1.1.4 “Adjusted Term SOFR” – means, for any Interest Period, the per annum rate equal to the sum of (i) Term SOFR plus (ii) the Applicable Margin plus (iii) 0.10% for Interest Periods of one month, 0.15% for Interest Periods of three months, and 0.25% for Interest Periods of six months, provided that, if the Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. 1.1.5 “Advance” – means (a) a direct advance by the Lenders to the Borrower by way of a Prime Rate Advance (including a Swingline Advance), a US Base Rate Advance (including a Swingline Advance), a SOFR Advance, (b) a XXXXX Advance, (c) the issuance (or deemed issuance) on behalf of the Borrower of a Letter of Credit pursuant to Article 8 and (d) unless the context otherwise requires, a Swingline Advance. 1.1.6 “Affiliate” – shall have the meaning ascribed to such term in the Provisions. 1.1.7 “Agent” or “Administrative Agent” – means The Bank of Nova Scotia, in its capacity as administrative agent for the Lenders pursuant to Section 7.1 of the Provisions and shall include, where the context so requires, the Attorney.
Adjusted Term XXXXX means, with respect to any XXXXX Borrowing for any Interest Period, an interest rate per annum equal to the greater of (a) Term XXXXX for such calculation and (b) 0.00% per annum.
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided that if Adjusted Term XXXXX as so determined shall ever be less than the Canadian Floor, then Adjusted Term XXXXX shall be deemed to be the Canadian Floor. “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment. “Adjustment Date” means the date of delivery of financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b), as applicable. “Administrative Agent” has the meaning assigned to such term in the preamble to this Agreement. “Administrative Questionnaire” has the meaning assigned to such term in Section 2.22(d). “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings, the Lead Borrower or any of its Restricted Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claim), whether pending or, to the knowledge of Holdings, the Lead Borrower or any of its Restricted Subsidiaries, threatened in writing, against or affecting Holdings, the Lead Borrower or any of its Restricted Subsidiaries or any property of Holdings, the Lead Borrower or any of its Restricted Subsidiaries. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, as applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with, that Person. None of the Administrative Agent, the Arrangers, any Lender or any of their respective Affiliates shall be considered an Affiliate of Holdings or any subsidiary thereof. “Affiliate Ancillary Borrower” means any Affiliate of a Borrower (or, with respect to the Lead Borrower only, any Restricted Subsidiary of the Lead Borrower) that becomes a Borrower in respect of an Ancillary Facility pursuant to Section 2.26(b). “Aggregate Dollar Revolving Credit Exposure” means, at any time, the aggregate amount of the Lenders’ Dollar Revolving Credit Exposures at such time.
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided - 3 - CREDIT AGREEMENT that if Adjusted Term XXXXX as so determined shall ever be less than the Canadian Floor, then Adjusted Term XXXXX shall be deemed to be the Canadian Floor. (7) (5) “Administrative Agent” means The Bank of Nova Scotia when acting as administrative agent and any successor administrative agent appointed under Section 13.7. (8) (6) “Administrative Agent’s Account for Payments” means for all payments for and by the Borrowers, the following account maintained by the Administrative Agent at its Toronto main branch, to which payments and transfers are to be effected as follows: Item Canadian Dollars Clearing Agent / Payment To The Bank of Nova Scotia, International Banking Division Address 000000 Xxxx Xxxxxx Xxxx, 0xx0xx Xxxxx, Xxxxxxx, Xxxxxxx, X0X 2T3 M5H 1J9 ABA No./ Swift XXXXXXXX Beneficiary / For Account Of The Bank of Nova Scotia, GWSGlobal Wholesale Operations – Loan Administration & Agency Services Address / Branch 000000 Xxxx Xxxxxx Xxxx, 0xx0xx Xxxxx, Xxxxxxx, Xxxxxxx, X0X 0X0 M5H 1J9 Account No. 0023902-64 Reference Lithia Attention Toronto Corporate LoansManager or any other account of the Administrative Agent as the Administrative Agent may from time to time advise the Borrowers and the Lenders in writing. (9) (7) “Administrative Agent’s Branch of Account” means the office of the Administrative Agent located at: The Bank of Nova Scotia Global Wholesale Operations – Loan Administration 000000 Xxxx Xxxxxx Xxxx, 0xx0xx Xxxxx Xxxxxxx, XX, X0X 0X0Xxxxxxx M5H 1J9 Attn: Senior Manager Email: XxxxxxxxxXxxxxxx.XxxxxxXxxxxxxxxxxxxxxxxxx.xxxxxxxxx@xxxxxxxxxx.xxx
Adjusted Term XXXXX means, for any day, (a) Term XXXXX for such day plus (b) the Term XXXXX Adjustment; provided that if Adjusted Term XXXXX determined as provided above shall ever be less than zero, then Adjusted Termze XXXXX shall be deemed to be zero.
Adjusted Term XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided that, if the Interest Period with respect to the applicable Term XXXXX Loan is a Non-Standard Interest Period, then Adjusted Term XXXXX shall be the XXXXX Interpolated Rate; and provided further that, if Adjusted Term XXXXX as so determined for any day shall be less than the Floor, then Adjusted Term XXXXX shall be deemed to be the Floor for such day.