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 Administrative Agent and its affiliates or other related entities may engage in transactions 69 767077577.9 that affect the calculation of the Base Rate, the 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 the Adjusted Term SOFR.
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 = Adjusted Term SOFR Rate + Applicable Term Benchmark Margin
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 a rate of interest determined pursuant to Section 2.06(b) on the basis of an Adjusted LIBO Rate.
Term Benchmark Rate means, for any Interest Period: (a) in the case of Term Benchmark Borrowings denominated in Dollars, Term SOFR for such Interest Period; (b) in the case of Term Benchmark Borrowings denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Bloomberg page (or on any successor or substitute page or service providing such quotations as reasonably determined by the Administrative Agent from time to time) at approximately 11:00 a.m. (Brussels time) two (2) Term Benchmark Banking Days for Euros prior to the first day of such Interest Period (the “EURIBOR Screen Rate”); (c) in the case of Term Benchmark Borrowings denominated in Canadian Dollars, the rate per annum equal to the average of the annual yield rates applicable to Canadian Dollar bankers’ acceptances at or about 10:00 a.m. (Toronto, Ontario time) on the first day of such Interest Period (or if such day is not a Term Benchmark Banking Day for Canadian Dollars, then on the immediately preceding Term Benchmark Banking Day for Canadian Dollars) as reported on the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may reasonably be designated by the Administrative Agent from time to time) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period); (d) in the case of Term Benchmark Borrowings denominated in Australian Dollars, the rate per annum equal to the Bank Xxxx Xxxx Reference Bid rate or a successor thereto approved by the Administrative Agent (“BBSY”) as published by Reuters (or such other page or commercially available source providing BBSY (Bid) quotations as may be designated by the Administrative Agent from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the day that is two Term Benchmark Banking Days for Australian Dollars prior to the first day of the Interest Period (or if such day is not an Term Benchmark Banking Day for Australian Dollars, then on the immediately preceding Term Benchmark Banking Day for Australian Dollars) with a term equival...
Term Benchmark Rate means, for any Interest Period for each Term Benchmark Rate Advance comprising part of the same Borrowing, an interest rate per annum equal to Adjusted Term SOFR for such Interest Period.
Term Benchmark Rate means, for any Interest Period for each Term Benchmark Rate Advance comprising part of the same Borrowing, an interest rate per annum equal to (a) in the case of any Advance denominated in Dollars, Adjusted Term SOFR for such Interest Period and (b) in the case of any Advance denominated in Euro, the rate per annum obtained by dividing (i) the EURIBO Rate by (ii ) a percentage equal to 100% minus the Reserve Percentage for such Interest Period; provided that if the Term Benchmark Rate for Advances denominated in Euro as determined pursuant to this clause (b) shall ever be less than the Floor , such rate shall be deemed to be the Floor.