Affected Term SOFR Rate definition
Affected Term SOFR Rate as defined in Subsection 4.7(a).
Affected Term SOFR Rate has the meaning set forth in Section 2.14(b).
Affected Term SOFR Rate has the meaning set forth in Section 2.14(b). “Affected Lender” has the meaning set forth in Section 2.17(a). “Affiliate” means, as to any Person, any other Person which, 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, either to (a) vote 20% or more of the securities having ordinary voting power for the election of directors of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. “Affiliated Debt Fund” means any Affiliated Lender that is primarily engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, notes, bonds and similar extensions of credit or securities in the ordinary course, so long as (i) any such Affiliated Lender is managed as to day-to-day matters (but excluding, for the avoidance of doubt, as to strategic direction and similar matters (for the avoidance of doubt, other than investment decisions)) independently from CD&R and any Affiliate of CD&R that is not primarily engaged in the investing activities described above, (ii) any such Affiliated Lender has in
Examples of Affected Term SOFR Rate in a sentence
Until such notice has been withdrawn by the Administrative Agent, no further Term SOFR Rate Loans the rate of interest applicable to which is based upon the Affected Term SOFR Rate shall be made or continued as such, nor shall the Borrower have the right to convert ABR Loans to Term SOFR Rate Loans, the rate of interest applicable to which is based upon the Affected Term SOFR Rate.