Secured Overnight Financing Rate definition

Secured Overnight Financing Rate means the daily secured overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website.

Secured Overnight Financing Rate or “SOFR” means, with respect to any U.S. Government Securities Business Day:

Secured Overnight Financing Rate. The secured overnight financing rate published by the FRBNY on the FRBNY’s Website.

Examples of Secured Overnight Financing Rate in a sentence

• At our option, we may extend that maturity date by two additional six-month periods.The Senior Credit Facility bears interest at a floating rate based on the Adjusted Term Secured Overnight Financing Rate (“SOFR”), the Adjusted Eurocurrency Rate, the Australian Bank Xxxx Xxxx Bid Rate (“BBSY”), the Daily Sterling Overnight Index Average (“XXXXX”) Rate or the Canadian Dollar Offered Rate, as applicable, plus a margin, in all cases, which can range from 0.725% to 1.6%, subject to certain adjustments.

• The arbitral tribunal shall have no authority to award punitive damages or damages for indirect nor shall it award interest other than simple interest and only at the Federal Reserve Bank of New York’s Secured Overnight Financing Rate prevailing at the time of the award.

• Borrowers generally pay interest on corporate loans at rates that change in response to changes in market interest rates such as the Secured Overnight Financing Rate (“SOFR”), the London Interbank Offered Rate (“LIBOR”) or the prime rates of U.S. banks.

• Amounts outstanding under our unsecured revolving credit facility bear interest, at our option, at the Secured Overnight Financing Rate (“SOFR”) plus 1.50% to 2.20% (depending on our overall leverage ratio), or at Bank of Montreal’s prime lending rate plus 0.50% to 1.20% (depending on our overall leverage ratio).

More Definitions of Secured Overnight Financing Rate

Secured Overnight Financing Rate means the Reference Rate provided by the FRBNY, as the administrator of such Reference Rate (or a successor administrator) on the FRBNY’s Website.

Secured Overnight Financing Rate means the Secured Overnight Financing Rate (SOFR) published each Business Day by the Federal Reserve Bank of New York.

Secured Overnight Financing Rate means the Reference Rate provided by the Federal Reserve Bank of New York, as the administrator of such Reference Rate (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

Secured Overnight Financing Rate or “SOFR” means the daily Secured Overnight Financing Rate published by the Federal Reserve Bank of New York, as the administrator of the rate (or a successor administrator), on the website Federal Reserve Bank of New York (currently hxxx://xxx.xxxxxxxxxx.xxx), or any successor website.

Secured Overnight Financing Rate or "SOFR" means:

Secured Overnight Financing Rate means the daily secured overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website.The following procedure will be followed if Compounded SOFR cannot be determined as described above:If the Company or its designee determine on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to this Security in respect of all determinations on such date and for all determinations on all subsequent dates.In connection with the implementation of a Benchmark Replacement, the Company or its designee will have the right to make Benchmark Replacement Conforming Changes from time to time.Any determination, decision or election that may be made by the Company or its designee, including a determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection:

Secured Overnight Financing Rate means the “secured overnight financing rate” which from time to time published in the “Money Rates” column of The Wall Street Journal (Eastern Edition, New York Metro); provided, however, if the Money Rates column of The Wall Street Journal (Eastern Edition, New York Metro) ceases to be published or otherwise does not designate a “secured overnight financing rate” as of a Business Day, the Holder has the right to obtain such information from a similar business publication of its selection.