RFR Term Loan definition

RFR Term Loan means a Term Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
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RFR Term Loan means any Term Loan bearing interest at a rate determined by reference to the Daily Simple RFR.
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RFR Term Loan means a Term Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. “S&P” means Standard & Poor’s Ratings Services, or any successor.
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Examples of RFR Term Loan in a sentence

  • Each RFR Term Loan shall bear interest at a rate per annum equal to the Adjusted Daily Simple SOFR plus the Applicable Rate.

  • Furthermore, if any Term Benchmark Term Loan or RFR Term Loan is outstanding on the date of the Borrower’s receipt of the notice from the Administrative Agent referred to in this Section 2.14(a) with respect to a Relevant Rate applicable to such Term Benchmark Term Loan or RFR Term Loan, then until (x) the Administrative Agent notifies the Borrower and the Lenders that if the circumstances giving rise to such notice affect only one Type of Borrowings, then all other Types of Borrowings shall be permitted.

Related to RFR Term Loan

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).