SOFR Rate Margin definition

SOFR Rate Margin means the Revolving Loan SOFR Rate Margin.

SOFR Rate Margin means the Applicable SOFR Rate Margin as set forth in the definition of the term Applicable Margin.

SOFR Rate Margin means four hundred (400) basis points.

Examples of SOFR Rate Margin in a sentence

• Daily Simple SOFR Rate: Means a per annum rate of interest equal to the sum of (a) Daily Simple SOFR plus 45 bps (0.45%), plus (b) the Daily Simple SOFR Rate Margin, as said Daily Simple SOFR Rate Margin may be adjusted from time to time as set forth herein.

• The Daily Simple SOFR Rate Margin will be reduced on any date that (A) Moody’s or S&Pshall have publicly announced the reinstatement or upgrade of a Credit Rating or(B) an Event of Default has been waived in writing by the Bank or cured to the reasonable satisfaction of the Bank.

• Daily Simple SOFR Rate Margin: Means, on any day, the margin set forth below, as the same may be adjusted from time to time as set forth herein in accordance with the terms hereof: For purposes of determining the Daily Simple SOFR Rate Margin, in the event of a split rating between S&P and Moody’s, the lower rating will prevail.

• All increases in the Daily Simple SOFR Rate Margin contemplated herein shall be cumulative.

• Participants rated the SAR as important in investing and lending decisions as well as for assessing whether financial statements are free from material fraud.

More Definitions of SOFR Rate Margin

SOFR Rate Margin means 2.25%.

SOFR Rate Margin. “SOFR Rate Margin” is (i) if the Net Availability Percentage is greater than or equal to 66%, 1.50%, (ii) if the Net Availability Percentage is less than 66% but greater than or equal to 33%, 1.75% and (iii) if the Net Availability Ratio is less than 33%, 2.00%, in each case as determined on the basis of and adjusted promptly upon Bank’s determination of the Net Availability Ratio. Subject to Section 12.1, the SOFR Rate Margin applicable to SOFR Advances shall be determined on the basis of Lead Borrower’s most recent Borrowing Base Statement, pursuant to Section 5.3(a), and such SOFR Rate Margin shall be adjusted promptly upon each receipt of such Borrowing Base Statement; provided however, notwithstanding the foregoing, if the Borrowing Base Statement required by Section 5.3(a) is not delivered by the respective date required thereunder, the SOFR Rate Margin shall be 2.00% until such Borrowing Base Statement is delivered.

SOFR Rate Margin. “SOFR Rate Margin” is 2.50% 12.2 – “Term SOFR” “Term SOFR” is the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and the Term SOFR Reference Rate has not been replaced as the benchmark rate, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day; provided, further, that if Term SOFR determined as provided above (including pursuant to the proviso above) shall ever be less than zero

SOFR Rate Margin is (a) for Advances, (i) if Borrower’s Leverage Ratio is less than 1.00:1.00, three and one-tenth of one percent (3.10%), (ii) if Borrower’s Leverage Ratio is greater than or equal to 1.00:1.00, but less than 2.00:1.00, three and six-tenths of one percent (3.60%), and (iii) if Borrower’s Leverage Ratio is greater than or equal to 2.00:1.00, four and one-tenth of one percent (4.10%) and (b) for Term Loan Advances (i) if Borrower’s Leverage Ratio is less than 1.00:1.00, three and one-tenth of one percent (3.10%), (ii) if Borrower’s Leverage Ratio is greater than or equal to 1.00:1.00, but less than 2.00:1.00, three and six-tenths of one percent (3.60%), and (iii) if Borrower’s Leverage Ratio is greater than or equal to 2.00:1.00, four and one-tenth of one percent (4.10%), in each case as determined on the basis of and adjusted promptly on the receipt of Borrower’s most recent financial statements provided pursuant to Section 5.3(c).

SOFR Rate Margin is set forth on Schedule I hereto.

SOFR Rate Margin is (a) if Borrower’s Maximum Net Leverage Ratio is less than 1.50 to 1.00, two percent (2.00%), and (b) if Borrower’s Maximum Net Leverage Ratio is greater than or equal to 1.50 to 1.00, three percent (3.00%).

SOFR Rate Margin means one and three quarters of one percent (1.75%).