SOFR Spread Adjustment means, for any calculation with respect to a Reference Rate Loan or a SOFR Loan, a rate per annum equal to 0.105% (10.5 basis points) for an Available Tenor of one-month’s duration.
SOFR Spread Adjustment means 0.10% for a Term SOFR Interest Period of 1 month, 0.15% for a term SOFR Interest Period of 3 months and 0.25% for a Term SOFR Interest Period of 6 months.
Examples of SOFR Spread Adjustment in a sentence
As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “Adjusted Term SOFR” means at any time of determination and for any applicable Interest Period, Term SOFR plus the applicable SOFR Spread Adjustment.
More Definitions of SOFR Spread Adjustment
SOFR Spread Adjustment means, with respect to any applicable Business Day, a rate per annum equal to (a) with respect to an Interest Period (i.e., an available tenor) of one (1) month, 0.10% (10 basis points) per annum, (b) with respect to an Interest Period of three (3) months, 0.15% (15 basis points) per annum, and (c) with respect to an Interest Period of six (6) months, 0.25% (25 basis points) per annum.
SOFR Spread Adjustment means 11.448 basis points per annum.
SOFR Spread Adjustment means 0.10% with respect to the SOFR Loan Rate.
SOFR Spread Adjustment means 0.10% (10 basis points).
SOFR Spread Adjustment means 0.116% for a Term SOFR Interest Period of 1 month, and 0.116% for a Term SOFR Interest Period of 3 months, solely to the extent that the Existing Loan Documents permit a LIBOR interest period of 3 months.
SOFR Spread Adjustment means 0.10% with respect to Term SOFR.
SOFR Spread Adjustment means (i) with respect to interest calculated with respect to any SOFR Loan with a one-month Interest Period, a rate equal to 0.05% (5 basis points) and (ii) with respect to interest calculated with respect to any SOFR Loan with a three-month or six-month Interest Period, a rate equal to 0.10% (10 basis points).