RFR Loan definition

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

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

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

Examples of RFR Loan in a sentence

• The Administrative Agent will promptly notify the Borrower, pursuant to Section 2.12(d), of any change to the reference rate upon which the interest rate on a Eurocurrency Loan, Term SOFR Loan or RFR Loan is based.

• No Alternate Currency Loan may be converted to a Base Rate Loan or a Transitioned RFR Loan and no Base Rate Loan or Transitioned RFR Loan may be converted to an Alternate Currency Loan.

• Each prepayment of a Eurodollar Fixed Rate Loan or RFR Loan shall be in the principal amount of not less than the lesser of One Million Dollars ($1,000,000) or the principal amount of such Loan (or, with respect to an Alternate Currency Loan, the Dollar Equivalent (rounded to a comparable amount) of such amount), or, with respect to a Swing Loan, the principal balance of such Swing Loan, except in the case of a mandatory payment pursuant to Section 2.11(d) or Article III hereof.

• The appropriate Borrower or Borrowers shall pay interest on the unpaid principal amount of a Term RFR Loan in Dollars outstanding from time to time from the date thereof until paid at Spread Adjusted Term SOFR plus the Applicable Margin for Transitioned RFR Loans.

More Definitions of RFR Loan

RFR Loan means a Loan that bears interest at a rate based on Daily Simple RFR or, after the replacement of the then-current Benchmark for any currency for all purposes hereunder or under any Loan Document with Term RFR pursuant to Section 4.4.4.1, Term RFR for such currency, as the context may require.

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

RFR Loan means a Loan 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 Loan 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 Loan means a Daily Simple RFR Loan or a SOFR Rate Loan, as the context may require.

RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. For the avoidance of doubt, RFR Loans are only available under this Agreement as a result of the application of Section 2.14.

RFR Loan means a Daily Simple RFR Loan or a Term RFR Loan, as the context may require. “RFR Rate Day” has the meaning assigned thereto in the definition of “Daily Simple RFR”.

RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. “S&P” means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business.