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 (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).
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 0.10% with respect to the SOFR Loan Rate.
SOFR Spread Adjustment means 11.448 basis points per annum.
SOFR Spread Adjustment means a rate equal to (a) 0.11448% (11.448 basis points) for an Interest Period of one-month’s duration, and (b) 0.26161% (26.161 basis points) for an Interest Period of three-months’ duration. “Solvent” means, with respect to any Person on a particular date, that on such date (a) the fair value of the tangible and intangible property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities
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.