Redesignated Term Loan B has the meaning specified therefor in Section 2.01(a)(ii).
Redesignated Term Loan B has the meaning specified therefor in Section 2.01(a)(ii). “Redesignated Term Loans” means collectively, the Redesignated Term Loan A and the Redesignated Term Loan B. “Reference Rate” means, for any period, the greatest of (a) 2.75% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) Adjusted Term SOFR for a one-month tenor in effect two (2) U.S. Government Securities Business Days prior to the date of such determination plus 1.00% per annum, and (d) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Reference Rate shall be effective from and including the date such change is publicly announced as being effective. “Reference Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate. “Reference Rate Term SOFR Determination Day” has the meaning specified therefor in the definition of “Term SOFR”. “Refinancing” shall mean the incurrence by the Loan Parties of Indebtedness from, or the issuance by the Loan Parties of Equity Interests to, any Person (pursuant to a bona fide letter of intent, proposal or binding commitment, as the case may be, made in good faith and with the intent that, subject to the terms thereof, such letter of intent, proposal or binding commitment will result in the
Redesignated Term Loan B has the meaning specified therefor in Section
More Definitions of Redesignated Term Loan B
Redesignated Term Loan B has the meaning specified therefor in Section 2.01(a)(ii). “Redesignated Term Loans” means collectively, the Redesignated Term Loan A and the Redesignated Term Loan B. “Reference Rate” means, for any period, the greatest of (a) 2.75% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) Adjusted Term SOFR for a one-month tenor in effect two (2) U.S. Government Securities Business Days prior to the date of such determination plus 1.00% per annum, and (d) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Reference Rate shall be effective from and including the date such change is publicly announced as being effective. “Reference Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.