CME Term SOFR Administrator definition
CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).
CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward- looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).
CME Term SOFR Administrator means CME Group Benchmark Administration Limited, as administrator of the forward-looking term SOFR (or a successor administrator).
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.
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.
More Definitions of CME Term SOFR Administrator
CME Term SOFR Administrator means the CME Group
CME Term SOFR Administrator shall have the meaning specified in the Pricing Letter.
CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator). “Co-Documentation Agents” means Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Barclays Bank PLC, BNP Paribas, Deutsche Bank Securities Inc., ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, Mizuho Bank, Ltd., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Bank Senior Funding, Inc., Société Générale, Sumitomo Mitsui Banking Corporation, The Toronto-Dominion Bank, New York Branch and ▇▇▇▇▇ Fargo Bank, National Association, each in its capacity as a co-documentation agent for the revolving credit facility provided for herein. “Commission” means the United States Securities and Exchange Commission. “Commitment” means, as to any Lender, (a) the Dollar amount set forth opposite such Lender’s name on Schedule I hereto, (b) if such Lender becomes a party hereto pursuant to an Assignment and Assumption, the Dollar amount set forth in such Assignment and Assumption or (c) if such Lender becomes a Lender pursuant to a Commitment Increase Amendment, the Dollar amount set forth for such Lender in such Commitment Increase Amendment, in each case, as such amount may be increased pursuant to Section 2.18 or reduced pursuant to Section 2.10(a) or increased or reduced from time to time pursuant to assignments by or to such Lender pursuant to Section 9.07. “Commitment Increase” has the meaning assigned to such term in Section 2.18(a). “Commitment Increase Amendment” has the meaning assigned to such term in Section 2.18(a). “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of Mondelēz International or any other Borrower pursuant to this Agreement or the transactions contemplated herein that is distributed by or to any Agent or any Lender by means of electronic communications pursuant to Section 9.02, including through an Approved Electronic Platform. “Consolidated Tangible Assets” means the total assets appearing on the most recent available consolidated balance sheet of Mondelēz International and its Subsidiaries, less goodwill and other intangible assets and the minority interests of other Persons in such Subsidiaries, all as determined in accordance with GAAP. “Continue”, “Continuation” and “Continued” each refers to a continuation of Term SOFR Advances constituting the same Borrowing as Advances of the same Type for a new Interest Period pursuant to the definition of th...
CME Term SOFR Administrator means CME Group Benchmark Administration Limited, as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator). “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. Section references to the Code are to the Code as in effect on the Closing Date, and any subsequent provisions of the Code, amendatory thereof, supplemental thereto or substituted therefore. “Collateral” shall mean all property pledged, mortgaged or purported to be pledged or mortgaged pursuant to the Security Documents (excluding, for the avoidance of doubt, all Excluded Collateral). “Collateral Agent” shall mean Citibank, N.A., in its capacity as collateral agent for the Secured Bank Parties under this Agreement and the Security Documents, or any successor collateral agent appointed pursuant hereto. “Collateral Representative” shall mean the Collateral Trustee. “Collateral Trust Agreement” shall mean that certain Collateral Trust Agreement, dated as of the date hereofClosing Date (as the same may be amended, restated, amended and restated, supplemented or otherwise modified and/or replaced from time to time), by and among the Borrower, the Collateral Agent, the Collateral Trustee, the Senior Notes Trustee and certain other First Lien Secured Parties from time to time party thereto. “Collateral Trustee” shall mean Citibank, N.A., and any permitted successors and assigns. “Commitment Parties” shall mean the “Commitment Parties” as defined in the Engagement and Commitment Letter. “Commitments” shall mean, with respect to each Lender (to the extent applicable), such Lender’s Revolving Commitment, Incremental Term B Commitment, Incremental Term C Commitment, Incremental Revolving Commitment, Incremental Letter of Credit Commitment, Refinancing Term B Commitment, Refinancing Term C Commitment, Replacement Term B Commitment and/or Replacement Term C Commitment and/or Refinancing Letter of Credit Commitment.. “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. §1 et seq.), as amended from time to time, and any successor statute. “Commodity Hedging Agreement” shall mean any agreement, whether financial or physical, (including each transaction or confirmation entered into pursuant to any Master Agreement) providing for one or more swaps, caps, collars, puts, calls, floors, futures, options, spots, forwards, energy, capacity or generation agreements, agreements involving ancillary services or other ...
CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator of the Term SOFR Rate selected by the Administrative Agent in its reasonable discretion).
CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term SOFR (or a successor administrator). “ Code” means the U.S. Internal Revenue Code of 1986, as amended. “Collateral” means any and all property owned, leased or operated by a Person covered by the Collateral Documents and any and all other property of any Loan Party, now existing or hereafter acquired, that may at any time be, become or be intended to be, subject to a security interest or Lien in favor of the Administrative Agent, on behalf of itself and other Secured Parties, to secure the Secured Obligations; provided that Collateral shall not include any Excluded Property. “Collateral Documents” means, collectively, the Security Agreement, the Mortgages and all other agreements, instruments and documents executed in connection with this Agreement that are intended to create, perfect or evidence Liens to secure the Secured Obligations, including, all other security agreements, pledge agreements, mortgages, deeds of trust, pledges, powers of attorney relating to any of the foregoing and collateral assignments or similar collateral documents whether heretofore, now or hereafter executed by any Loan Party and delivered to the Administrative Agent. “ Commercial LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower. The Commercial LC Exposure of any Lender at any time shall be its Applicable Percentage of the aggregate Commercial LC Exposure at such time. “Commitment” means, with respect to each Lender, the initial amount of each Lender’s Commitment set forth on Schedule 2.01 opposite such Lender’s name, or in the Assignment and Assumption or other documentation or record (as such term is defined in Section 9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section 9.04(b)(ii)(C), pursuant to which such Lender shall have assumed its Commitment, as applicable, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09(a),(b) assignments by or to such Lenders pursuant to Section 9.04 and (c) and increased from time to time pursuant to Section 2.22; provided 9
CME Term SOFR Administrator means CME Group Benchmark Administration Limited asadministrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successoradministrator).“Code” means the U.S. Internal Revenue Code of 1986, as amended.“Commitment” means, with respect to each Lender, the commitment, if any, of such Lender tomake a Loan on the Effective Date, expressed as an amount representing the maximum principal amountof the Loan to be made by such Lender, as such commitment may be reduced or increased from time totime pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of eachLender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant towhich such Lender shall have assumed its Commitment, as applicable. The initial aggregate amount of theLenders’ Commitment is $1,420,000,000.“Communications” means, collectively, any notice, demand, communication, information,document or other material provided by or on behalf of the Borrower pursuant to any Loan Document orthe transactions contemplated therein that is distributed to the Administrative Agent or any Lender bymeans of electronic communications pursuant to Section 9.01, including through the Platform.“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit Cor any other form approved by the Administrative Agent in its reasonable discretion.“Consolidated Depreciation and Amortization Expense” means, with respect to any Person, forany period, the total amount of depreciation and amortization expense, including the amortization ofdeferred financing fees and amortization of unrecognized prior service costs and actuarial gains andlosses related to pensions and other post-employment benefits, of such Person and its Subsidiaries forsuch period on a consolidated basis and otherwise determined in accordance with GAAP.“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated NetIncome of such Person and its Subsidiaries for such period(a) increased (without duplication) by:11