Examples of CME Term SOFR Administrator in a sentence
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.
The Administrative Agent shall, at the request of the Borrower Representative or any Lender, deliver to the Borrower Representative or such Lender a statement showing in reasonable detail the calculations used by the Administrative Agent in determining any interest rate pursuant to Subsection 4.1, excluding any Term SOFR Rate which is based upon that published by the CME Term SOFR Administrator and any ABR Loan which is based upon the Alternate Base Rate.
U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.
Rate”: with respect to any borrowing of Term Benchmark Loans and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.
Interest shall accrue on the unpaid principal amount of the Loans at a rate equal to the sum of (i) the one (1) month term, Term SOFR Rate (SOFR Rate) for dollar deposits, as published by the CME Term SOFR Administrator on the first Business Day of such Interest Period adjusted upward by .10%, plus (ii) a premium of one hundred twenty-five basis points (1.25%) or such lower premium applicable to one-month SOFR Rate based borrowings under the Credit Facility.