SOFR Adjustment Date definition

SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

SOFR Adjustment Date means, for any Interest Period, the fifth U.S. Government Securities Business Day before the related Payment Date.

SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.]

Examples of SOFR Adjustment Date in a sentence

• The Administrator shall deliver written notice to each Rating Agency and the Calculation Agent on any SOFR Adjustment Date if, as of the applicable Reference Time, the Administrator has determined with respect to the related Accrual Period that there will be a change in the SOFR Rate or the terms related thereto since the immediately preceding SOFR Adjustment Date due to a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred.

• The Administrator shall deliver written notice to each Rating Agency and the Calculation Agent on any SOFR Adjustment Date if, as of the applicable Reference Time, the Administrator has determined with respect to the related Interest Period that there will be a change in the SOFR Rate or the terms related thereto since the immediately preceding SOFR Adjustment Date due to a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred.

• So long as the Class A-1b Notes are Outstanding, the Note Paying Agent shall obtain Compounded SOFR in accordance with the definition of “Compounded SOFR” on each SOFR Adjustment Date and shall promptly provide such rate to the Administrator or such person as directed by the Administrator.

• The Administrator shall deliver written notice to each Rating Agency and the Paying Agent on any SOFR Adjustment Date if, as of the applicable Reference Time, the Administrator has determined with respect to the related Interest Period that there will be a change in the SOFR Rate or the terms related thereto since the immediately preceding SOFR Adjustment Date due to a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred.

• The Administrator shall deliver written notice to each Rating Agency and the Paying Agent on any SOFR Adjustment Date if, as of the applicable Reference Time, the Administrator has determined with respect to the related Interest Period that there will be a change in One-Month Term SOFR or the terms related thereto since the immediately preceding SOFR Adjustment Date due to a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred.

• The Class Coupons of Notes for each Accrual Period after the first are based on the SOFR Rate, published on the SOFR Adjustment Date.

• The Indenture Trustee will calculate the Class Coupon for the Notes, the Class M-1H Reference Tranche and the Class B-2H Reference Tranche for each Accrual Period (after the first Accrual Period) on the applicable SOFR Adjustment Date.

More Definitions of SOFR Adjustment Date

SOFR Adjustment Date means, with respect to the Notes and any Accrual Period (other than the first Accrual Period), the second U.S. Government Securities Business Day before such Accrual Period begins.

SOFR Adjustment Date means the second SOFR Business Day before each Accrual Period begins.

SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such InterestPeriod.

SOFR Adjustment Date means the first day of each calendar month.