Term Benchmark Loan definition
Term Benchmark Loan means a Loan that bears interest at a rate based on the Adjusted Term SOFR Rate.
Term Benchmark Loan means a Loan that bears interest at a rate based upon the applicable Term Benchmark.
Term Benchmark Loan means monies lent by the Lenders to the Borrower hereunder and upon which interest accrues at a rate referable to the Adjusted Term SOFR Rate.
Examples of Term Benchmark Loan in a sentence
Such interest shall be payable at maturity, quarterly in arrears on each Quarterly Date prior to maturity and, with respect to the principal amount of any Base Rate Loan converted to a Term Benchmark Loan, on the date of such conversion.
More Definitions of Term Benchmark Loan
Term Benchmark Loan means any Term Benchmark Term Loan or Term Benchmark Revolving Loan.
Term Benchmark Loan means any SOFR Loan.
Term Benchmark Loan means a Committed Loan or Competitive Loan that bears interest at the Adjusted Term SOFR Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election, provided, however, that this definition does not include any Loan bearing interest pursuant to clause (c) of the definition of “Alternate Base Rate”.
Term Benchmark Loan means monies lent by the Lenders to the Borrowers hereunder and upon which interest accrues at a rate referable to the Adjusted Term SOFR Rate.
Term Benchmark Loan means any Eurocurrency Rate Loan.
Term Benchmark Loan has the meaning given in Section 1.02.
Term Benchmark Loan when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Term SOFR Rate.