SOFR Index Rate definition

SOFR Index Rate means the rate of interest (rounded to the nearest ten thousandth of one percent, with five hundred thousandths being rounded upward) determined on

SOFR Index Rate means a variable rate of interest per annum equal to the sum of (A) the applicable SOFR Index, plus (B) 0.11448% (11.448 basis points), plus (C) the Applicable Margin.

SOFR Index Rate means Daily Simple SOFR.

Examples of SOFR Index Rate in a sentence

• If the Calculation Agent is absent, or fails, for any reason, to establish the SOFR Index Rate in accordance with the terms of the Indenture, then the Purchaser shall establish the SOFR Index Rate and shall provide notice to the Trustee that it is acting as Calculation Agent.From and after any Taxable Date, the interest rate on this Bond shall be established at a rate at all times equal to the Taxable Rate.(b) Interest Rate Upon Event of Default.

• Absent due notice from the Borrowers of conversion or renewal in the circumstances described in Section 3.2(a) hereof, any part of the Fixed Rate Portion for which such notice is not received shall be converted automatically to the Weekly One-Month SOFR Index Rate Option on the last day of the expiring Funding Period.

• THE SIEGE OF PONDICHERRY AND THE SURRENDER The war that France had declared against the United Kingdom and the Netherlands began on 1 January 1793; the information about the War flowed to India through Bald- win, the British Consul in Alexandria, on 1 June 1793.

• G&B and WWF India makes no warranty that the Quiz will meet Participants expectations or that the Quiz will be uninterrupted, timely, secure or error free.

• Certain other capitalised terms used in the foregoing terms and provisions relating to determination of the Compounded SOFR Index Rate have the meanings set forth under Condition 3(b)(ix) (Benchmark Discontinuation – SOFR) below.

• The unpaid principal amount of the Term Loan A-2 shall bear interest for each day until due on one or more bases selected by the Borrowers from among the interest rate Options set forth below, with the Term Loan A-2 initially bearing interest under the Weekly One-Month SOFR Index Rate Option.

• The “ Benchmark” means, initially, Compounded SOFR Index Rate; provided that if a Benchmark Transition Event and related Benchmark Replacement Date have occurred with respect to SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement.

• From and after the Third Amendment Effective Date, the Bonds shall bear interest at the SOFR Index Rate until the date on which the Interest Rate Determination Method is changed as described in Section 2.04 and interest on the Bonds shall be calculated on the Principal Amount.

• Except as provided further herein, this Bond shall bear interest at the SOFR Index Rate.

• Notwithstanding anything to the contrary, if both a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Compounded SOFR Index Rate (or any component part thereof), the benchmark replacement provisions set forth in Condition 3(b)(ix) (Benchmark Discontinuation – SOFR) below shall apply for the purposes of all determinations of the Rate of Interest in respect of the Notes.

More Definitions of SOFR Index Rate

SOFR Index Rate means, as of any SOFR Index Adjustment Date, the greater of (a) the Floor, and (b) the sum of (i) the rate per annum for the forward-looking term rate for SOFR for a period one (1) month, which appears on the CME Term SOFR Page on or about 5:00 a.m. on the date which is the last Business Day prior to such SOFR Index Adjustment Date with respect to Term Loans and on such SOFR Index Adjustment Date with respect to the Revolver Loans; provided, that, to the extent that the rate described in this clause (b)(i) is not ascertainable pursuant to the foregoing provisions of this definition, then the rate described in this clause (b)(i) shall be the interest rate per annum determined by the Administrative Agent in its reasonable discretion in accordance with Section 2.02(e) plus (ii) the SOFR Spread Adjustment.

SOFR Index Rate means, as of any SOFR Index Adjustment Date, the greater of (a) the Floor, and (b) the rate per annum for the forward-looking term rate for SOFR for a period of one (1) month, which appears on the CME Term SOFR Page on or about 5:00 a.m. (central time) on the SOFR Index Adjustment Date; provided, that, to the extent that the rate described in this clause (b) is not ascertainable pursuant to the foregoing provisions of this definition, then the rate described in this clause (b) shall be the interest rate per annum determined by Administrative Agent in Administrative Agent's reasonable discretion in accordance with Section 2.02(e).

SOFR Index Rate means a per annum rate of interest established on each Computation Date equal to the product of (a) the sum of (i) the Applicable Spread plus (ii) the product of (1) the SOFR Index multiplied by (2) the Applicable Factor multiplied by

SOFR Index Rate means the rate of interest (rounded to the nearest ten thousandth of one percent, with five hundred thousandths being rounded upward) determined on each SOFR Reset Date by the Indexing Agent for the period commencing on such SOFR Reset Date to but not including the next succeeding SOFR Reset Date, which is equal to seventy percent (70%) of SOFR for the SOFR Reference Date for such SOFR Reset Date (but in any event, not less than 0%), plus the Spread; provided, however, that in no event shall the SOFR Index Rate exceed the Maximum Rate.

SOFR Index Rate means a per annum rate of interest established on each Computation Date and effective on the related SOFR Index Reset Date equal to the sum of: (a) the product of the Term SOFR multiplied by the Applicable Factor; plus (b) the product of the Applicable Spread multiplied by the Margin Rate Factor, determined as provided in Section 202 hereof.