SOFR Term Loan definition

SOFR Term Loan means a Term Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “ABR”.
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SOFR Term Loan means any Term Loan that is a SOFR Loan.
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SOFR Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate in accordance with the provisions of Article II, other than pursuant to clause (c) of the definition of “ABR.”
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Examples of SOFR Term Loan in a sentence

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing”) or by Type (e.g., a “LIBO RateTerm SOFR Borrowing”) or by Class and Type (e.g., a “LIBO RateTerm SOFR Term Loan Borrowing”).

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing”) or by Type (e.g., a “Term SOFR Borrowing”) or by Class and Type (e.g., a “Term SOFR Term Loan Borrowing”).

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing”), by Type (e.g., a “Term SOFR Borrowing”), or by Tranche (e.g., an “Incremental Term Loan Borrowing”) or by Class and Type (e.g., a “Term SOFR Term Loan Borrowing”) or Type and Tranche (e.g., a “Term SOFR Incremental Term Loan Borrowing”).

  • If no Interest Period with respect to any Term SOFR Term Loan is specified in any such notice, then the Company shall be deemed to have selected an Interest Period of one month’s duration.

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing”) or by Type (e.g., a “Term SOFR Borrowing”) or by Class and Type (e.g., a “Term SOFR, Term Loan Borrowing”).

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing,” a “Revolving Loan Borrowing” or a “Swingline Loan Borrowing”) or by Type (e.g., a “LIBO Rate Borrowing” or “Term SOFR Borrowing”) or by Class and Type (e.g., a “LIBO Rate Revolving Loan Borrowing” or “Term SOFR Term Loan Borrowing”).

  • The Initial Term B Loans comprising each Term SOFR Term Loan Borrowing shall bear interest at Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin for Term SOFR Initial Term B Loans.

  • Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing” or “New Term Loan Borrowing”) or by Type (e.g., a “Term SOFR Borrowing” or an “ABR Borrowing”) or by Class and Type (e.g., a “Term SOFR Term Loan Borrowing” or an “ABR New Term Loan Borrowing”).

  • Whenever any payment to be made hereunder shall be due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day (unless, with respect to a payment relating to a Term SOFR Term Loan, such day would fall in another calendar month, in which event payment shall be made on the next preceding Business Day).

  • Term Loan Borrowings also may be classified and referred to by Type (e.g., a “Term SOFR Term Loan Borrowing”).


More Definitions of SOFR Term Loan

SOFR Term Loan means any DIP Loan bearing interest at a rate determined by reference to Adjusted Term SOFR in accordance with the provisions of Article II.
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SOFR Term Loan means any Term Loan bearing interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (iii) of the definition of “Alternate Base Rate,” in accordance with the provisions of Article II. “Solvent” shall mean, (i) the Fair Value of the assets of Borrower and its Subsidiaries taken as a whole exceeds their Liabilities, (ii) the Present Fair Salable Value of the assets of Borrower and its Subsidiaries taken as a whole exceeds their Liabilities; (iii) Borrower and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and
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SOFR Term Loan means a segment of a Term Loan that bears interest based on Adjusted Term SOFR, other than pursuant to clause
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Related to SOFR Term Loan

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Tranche B Term Loan as defined in Section 2.1.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Tranche C Term Loan as defined in Section 2.1.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche A Term Loan as defined in Section 2.1.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • New Term Loans as defined in Section 2.24.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Replacement Term Loans has the meaning specified in Section 10.01.