Benchmark Rate Borrowing definition
Benchmark Rate Borrowing means, as to any Borrowing, the Benchmark Rate Loans comprising such Borrowing.
Benchmark Rate Borrowing means, as to any Borrowing, the Benchmark Rate Loans comprising such Borrowing. “Benchmark Rate Loan” means a Loan bearing interest based on the then existing Benchmark (initially, Adjusted Term SOFR).
Benchmark Rate Borrowing means, as to any Borrowing, the Benchmark Rate Loans comprising such Borrowing. “Benchmark Rate Loan” means a Loan bearing interest based on the then existing Benchmark (initially, Adjusted Term SOFR). “Benchmark Replacement” means with respect to any Benchmark Transition Event, the first alternative set forth in the order
Examples of Benchmark Rate Borrowing in a sentence
If no Interest Period is specified with respect to any requested Benchmark Rate Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one (1) month’s duration.