Term Benchmark Rate definition

Term Benchmark Rate means, for any Interest Period:

Term Benchmark Rate means, for any day, a rate per annum equal to the sum of (a) the Applicable Margin plus (b) the Adjusted Term SOFR Rate.

Term Benchmark Rate means, for any Interest Period (a) for each Term Benchmark Loan constituting part of the same Borrowing denominated in dollars, Adjusted Term SOFR; and (b) for each Term Benchmark Loan constituting part of the same Borrowing denominated in euros, the EURIBO Rate.

Examples of Term Benchmark Rate in a sentence

• The applicable Alternate Base Rate, Daily Simple RFR or Adjusted Term Benchmark Rate shall be determined by the Administrative Agent in accordance with this Agreement and such determination shall be conclusive absent manifest error.

• The Loans constituting each Term Benchmark Borrowing shall bear interest at a rate per annum equal to the Adjusted Term Benchmark Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, Term XXXXX, the Adjusted Term Benchmark Rate, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

More Definitions of Term Benchmark Rate

Term Benchmark Rate means, for any Interest Period with respect to any Credit Extension,

Term Benchmark Rate means the Adjusted Term SOFR.

Term Benchmark Rate means the Adjusted Term SOFR, the Adjusted EURIBOR Rate or the AUD Bank Bill Rate, as applicable.

Term Benchmark Rate. (i) with respect to any Loan denominated in Dollars, the Adjusted Term SOFR Rate and (ii) with respect to any Loan denominated in Euros, the Adjusted EURIBO Rate.

Term Benchmark Rate means, for the Interest Period for any Term Benchmark Loan, the rate of interest per annum determined pursuant to the following formula:

Term Benchmark Rate. (a) when used in reference to any Revolving Loan or Revolving Borrowing, refers to whether such Revolving Loan, or the Revolving Loans comprising such Revolving Borrowing, are bearing interest at a rate (other than the Alternate Base Rate) determined by reference to Adjusted Term SOFR, and (b) when used in reference to any other 67

Term Benchmark Rate. (a) when used in reference to any Revolving Loan or Revolving Borrowing, refers to whether such Revolving Loan, or the Revolving Loans comprising such Revolving Borrowing, are bearing interest at a rate (other than the Alternate Base Rate) determined by reference to Adjusted Term SOFR, and (b) when used in reference to any other Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate (other than the Alternate Base Rate) determined by reference to the Adjusted LIBO Rate.