Overnight SOFR definition

Overnight SOFR means the secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published (before any correction, recalculation or republication by the administrator) by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate).

Overnight SOFR means an overnight SOFR published and administered by the Federal Reserve Bank of New York (or a successor governor) as administrator, “Overnight XXXXX” means an overnight XXXXX published and administered by the Bank of England (or a successor governor) as administrator, “Overnight XXXX” means the overnight XXXX published and managed by the Bank of Japan (or successor) as administrator, “Overnight ESTR” means the overnight ESTR published and managed by the European Central Bank (or successor) as administrator, “Overnight SARON” means the overnight SARON published and administered by the Swiss Stock Exchange (or a successor administrator) as the administrator.

Overnight SOFR means the secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate) Party means a party to this Agreement Pool means each of the Hafnia Handy Pool and the Hafnia MR Pxxx (and any other pool of product tanker vessels operated by the Borrower pursuant to a Pool Agreement (and defined as the “Pool” in such Pool Agreement) as agreed from time to time in writing between the Borrower and the Lender)

Examples of Overnight SOFR in a sentence

• Save for when clause 10.1(d) ( Unavailability of Term SOFR) or clause 10.2(b) (Unavailability of Term SOFR for Interpolated Rate (Trade Products – Odd)) applies, if a Market Disruption Event occurs or if Overnight SOFR is not available for the calculation of the Interpolated Rate (Trade Products – Odd) for the relevant Loan, then, at the sole discretion of the Lender clause 10.4 (Cost of funds) shall apply to that Loan for the relevant Interest Period.

• Central Bank Rate Spread (Compounded SOFR): In relation to any RFR Banking Day, the difference (expressed as a percentage rate per annum) calculated by the Agent (or by any other Finance Party which agrees to do so in place of the Agent) between: (a) Overnight SOFR for the RFR Banking Day; and (b) the Central Bank Rate (Compounded SOFR) prevailing at the close of business on that RFR Banking Day.

• In relation to the Central Bank Rate prevailing at close of business on any RFR Banking Day, the 20 per cent trimmed arithmetic mean (calculated by the Agent, or by any other Finance Party which agrees to do so in place of the Agent) of the Central Bank Rate Spread (Compounded SOFR) for the five most immediately preceding RFR Banking Days for which Overnight SOFR is available.

• Adjustment (Compounded SOFR): In relation to the Central Bank Rate prevailing at close of business on any RFR Banking Day, the 20 per cent trimmed arithmetic mean (calculated by the Agent, or by any other Finance Party which agrees to do so in place of the Agent) of the Central Bank Rate Spread (Compounded SOFR) for the five most immediately preceding RFR Banking Days for which Overnight SOFR is available.

More Definitions of Overnight SOFR

Overnight SOFR means the Overnight SOFR published and administered by the Federal Reserve Bank of New York (or any successor administrator) as regulator, “Overnight XXXXX” means the Overnight XXXXX published and administered by the Bank of England (or any successor administrator) as regulator, “Overnight XXXX” means the Overnight XXXX published and administered by the Bank of Japan (or any successor administrator) as regulator, “Overnight ESTR” means the Overnight ESTR published and administered by the European Central Bank (or any successor administrator) as regulator, “Overnight SARON” means the Overnight SARON published and administered by Swiss Stock Exchange (or any successor administrator), “Overnight SARON” means the Overnight SARON published and administered by Swiss Stock Exchange (or any successor administrator) as regulator hereunder.

Overnight SOFR means the secured overnight finance rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate). Parent means TTM Technologies, Inc., a company incorporated under the laws of Delaware. Parent Group means the Parent and its Subsidiaries.

Overnight SOFR refers to an overnight SOFR published and managed by the Federal Reserve Bank of New York (or successor manager) as manager; “Overnight XXXXX” refers to an overnight XXXXX published and managed by the Bank of England (or successor manager) as manager; “Overnight XXXX” refers to an overnight XXXX published and managed by the Bank of Japan (or successor manager) as manager; “Overnight ESTR” refers to an overnight ESTR published and managed by the European Central Bank (or successor manager) as manager, and “Overnight SARON” refers to an overnight XXXXX published and managed by the SIX Swiss Exchange (or successor manager) as manager.