RFR Advance definition

RFR Advance means an Advance that bears interest at a rate based on a Daily Simple RFR.

RFR Advance means, as to any Advance, the RFR Loans comprising such Advance.

RFR Advance means a Term RFR Advance or Daily Simple RFR Advance, as the context may require.

Examples of RFR Advance in a sentence

• If such Advance is an RFR Advance, a rate per annum equal at all times while such Advance is outstanding to the sum of the Daily Simple RFR in effect from time to time for such RFR Advance plus the Applicable Margin in effect from time to time, payable on each RFR Interest Payment Date while such RFR Advance is outstanding (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment).

• With respect to RFR Advances under Section 2.07(c), the Agent, in the applicable notice, shall provide the Borrowers and the Banks (or the Local Currency Banks or Japan Local Currency Banks, as applicable) with the amount of interest accrued and due and payable on the applicable RFR Interest Payment Date for such RFR Advance.

• Interest owing in respect of any RFR Advance on the date of such notice shall be paid on the date of Conversion therefor (with all remaining accrued and unpaid interest being paid as and when required hereunder).

• If a Borrower on any day is unable or is not entitled to Convert, Redenominate or continue such Advances into or as an RFR Advance pursuant to Section 2.03 or Section 2.10, the Agent will forthwith so notify such Borrower and the Banks and such Advances will automatically, on such day, Convert into Base Rate Advances denominated in Dollars.

• The applicable Borrower (or the Company on the applicable Borrower’s behalf) shall select the Type of Advance and, in the case of each Eurocurrency Rate Advance or Term RFR Advance, the Interest Period (if applicable) and Agreed Currency applicable to each Advance from time to time.

More Definitions of RFR Advance

RFR Advance means an Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(iii).

RFR Advance means, as to any Advance, the RFR Loans comprising such Advance. “RFR Business Day” means, for any Loan denominated in (a) Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London and (b) Swiss Francs, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for the settlement of payments and foreign exchange transactions in Zurich. “RFR Interest Day” has the meaning specified in the definition of “Daily Simple RFR”. “RFR Loan” means a Revolving Loan that bears interest at a rate based on the Adjusted Daily Simple RFR, as the applicable rate is selected pursuant to Section 2.3 or 2.4, as the case may be. “Risk-Based Capital Guidelines” means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States, including transition rules, and, in each case, any amendments to such regulations. “Sanctioned Country” means a region, country or territory which is itself (or whose government is) the subject to Sanctions, which, as of the Amendment No. 1 Effective Date, are the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, the Kherson region of Ukraine, the Zaporizhzhia region of Ukraine, the Crimea Region of Ukraine, Cuba, Iran, North Korea and Syria. “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state or His Majesty’s Treasury of the United Kingdom, (b) an agency of the government of a Sanctioned Country, (c) any Person operating, organized or resident in a Sanctioned Country or (d) any Person controlled by any such Person. “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union or His Majesty’s Treasury of the United Kingdom. “SARON” means, with respect to any Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such Business Day published by the SARON Administrator on the SARON Administrator’s Website. “SARON Administrator” mea...

RFR Advance means a Advance that bears interest at a rate based on a Daily Simple RFR or, after the replacement of the then-current Benchmark for any Affected Currency for all purposes hereunder or under any Other Document with a Term RFR pursuant to Section 4(n) [Term RFR Transition Event], the Term RFR for such Affected Currency, as the context may require.

RFR Advance means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.06(a) “S&P” means Standard & Poor’s, a division of McGraw Hill Financial Inc.

RFR Advance means a Revolving Credit Advance that bears interest at a rate based on the Adjusted Daily Simple SOFR.

RFR Advance means an Advance that bears interest at a rate based on a Daily

RFR Advance means, as to any Advance, the RFR Loans comprising such Advance. “RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. 23