CME Term SOFR definition

CME Term SOFR means, during any period, an interest rate per annum equal to the CME Term SOFR Reference Rates for a 12-month tenor, as published by the CME Term SOFR Administrator at approximately 5:00 a.m. U.S. Central Standard Time on the date two (2) calendar days prior to the first day of such period, plus 71.513 basis points.

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CME Term SOFR means the Term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate);

CME Term SOFR means the CME Term SOFR Reference Rates published for one-, three-, six-, and 12- month tenors as administered by CME Group Benchmark Administration, Ltd. (or any successor administrator thereof).

Examples of CME Term SOFR in a sentence

• The Interest shall be calculated, in the case of INR payments as SBI one-month Marginal Cost of Funds based Lending Rate (SBI MCLR) applicable on the due date plus five percentage (5%) points compounded quarterly, and in case of USD payments as CME Term SOFR (6 month United States Dollars CME Term SOFR as published by CME group and applicable on the due date) plus five percentage (5%) points compounded quarterly.

• The Interest rate applicable shall be, in the case of INR payments as SBI one-month Marginal Cost of Funds based Lending Rate (SBI MCLR) applicable on the due date plus two percentage (2%) points compounded quarterly, and in case of USD payments as CME Term SOFR (6 month United States Dollars CME Term SOFR as published by CME group and applicable on the due date) plus two percentage (2%) points compounded quarterly.

• As used in this Agreement, the following terms have the following meanings: “1-Month CME Term SOFR” is the 1-month CME Term SOFR reference rate as published by the CME Term SOFR Administrator on the CME Term SOFR Administrator’s Website.

• CME 1-Month Term SOFR Reference Rate is determined on the last day of each month by referencing an 'Index' known as the 1-Month CME Term SOFR (Secured Overnight Financing Rate) Reference Rate.

• The Interest shall be calculated, in the case of INR payments as SBI one-month Marginal Cost of Funds based Lending Rate (SBI MCLR) applicable on the due date plus five percentage (5%) points compounded quarterly, and in case of USD payments as CME Term SOFR (6 month United States Dollars CME Term SOFR as published by CME group and applicable on the due date) plus two percentage (2%) points compounded quarterly.

More Definitions of CME Term SOFR

CME Term SOFR means, during any period, an interest rate per annum equal to the CME Term SOFR Reference Rates for a 12-month tenor, as published by the CME Term SOFR Administrator at approximately 5:00 a.m. U.S. Central Standard Time on the date two

CME Term SOFR means, during any period, an interest rate per annum equal to the CME Term SOFR Reference Rates for a 12-month tenor, as published by the CME

CME Term SOFR means the Term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate). Commitment means US$50,000,000 to the extent not cancelled or reduced pursuant to the terms of this Agreement.

CME Term SOFR means that the rate for a Reset Date will be CME Term SOFR for a period of the Designated Maturity as provided by the CME Group Benchmark Administration Limited (or a successor administrator) (the “administrator of CME Term SOFR”) to, and published by, authorized distributors of CME Term SOFR at 6:00 a.m., New York City time (or any amended publication time for CME Term SOFR, as specified by the administrator of CME Term SOFR in the CME Term SOFR benchmark methodology) on the CME Term SOFR Fixing Day.

CME Term SOFR means the

CME Term SOFR means the Term SOFR Reference Rate published by the CME Group Inc. for a specified tenor.

CME Term SOFR means the forward-looking term SOFR published by CME Group Benchmark Administration Limited.