SOFR Transition Date definition

SOFR Transition Date. The Payment Date in July 2023.
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SOFR Transition Date means January 30, 2023.
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SOFR Transition Date means July 30, 2037.
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Examples of SOFR Transition Date in a sentence

  • Upon notice thereof by the Administrative Agent to the Borrowers, any obligation of the Lenders to make SOFR Loans, and any right of the Borrowers to convert any Loan or continue any Loan as a SOFR Loan, shall be suspended (to the extent of the affected SOFR Loans or, on and after the Term SOFR Transition Date, the affected Interest Periods) until the Administrative Agent revokes such notice.

  • Provided that no Default or Event of Default has occurred and is then continuing, the Borrowers shall have the option, on and after the Term SOFR Transition Date, upon the expiration of any Interest Period, to continue any SOFR Loans as SOFR Loans.

  • Effective as of the SOFR Transition Date, Exhibit H of the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Annex B hereto.

  • If, on and after the Term SOFR Transition Date, the Borrowers request a continuation of a SOFR Loan, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • The applicable ABR or Daily Compounded SOFR or, on and after the Term SOFR Transition Date, shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • If the Borrowers fail to deliver a timely Notice of Continuation prior to the applicable Interest Payment Date or the end of the Interest Period, as applicable, for any SOFR Loan on and after the Term SOFR Transition Date, then the applicable SOFR Loan shall be automatically continued as a SOFR Loan with an Interest Period of one month.

  • Effective as of the SOFR Transition Date, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Annex A hereto.

  • On and from the SOFR Transition Date, the provisions set out in this Schedule shall apply to each Loan or unpaid sum denominated in USD and the terms contained in this Amendment Letter shall override anything relating to such Loans or unpaid sums under the L oan Agreement where there would otherwise be a conflict of terms.

  • As of the SOFR Transition Date, any provisions in the Loan Agreement relating to LIBOR, including the defined term “LIBOR” and any provisions relating io a replacement or substitute rate thereof, shall no longer apply and are overridden by the provisions in this Section 3 (Consequential amendments relating to Rate Switch’).

  • Subject to the provisions of this Section, Loans shall bear interest, prior to the Term SOFR Transition Date, at Daily Compounded SOFR plus the Applicable Margin, and on and after the Term SOFR Transition Date, Term SOFR for the Interest Period therefor plus the Applicable Margin.


More Definitions of SOFR Transition Date

SOFR Transition Date means the first Interest Paymeni Date occurring after June 30, 2023;
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Related to SOFR Transition Date

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Service Transfer Date means the date of a Service Transfer;

  • Initial Transfer Date means the Series Issuance Date for the first Series of Transition Bonds.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Allowance transfer deadline means midnight of January 30 or, if January 30 is not a business day, midnight of the first business day thereafter and is the deadline by which allowances may be submitted for recordation in an affected unit’s compliance subaccount for the purposes of meeting the unit’s acid rain emissions limitation requirements for sulfur dioxide for the previous calendar year.

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • transitional period means the period of time beginning on the

  • Agreement Termination Date is defined in Section 7.4.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).