Term CXXXX definition

Term CXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on CXXXX that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice.
Sample 1Sample 2Sample 3
Term CXXXX means, for any calculation with respect to a Term CXXXX Loan for a Standard Interest Period, the Term CXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term CXXXX Determination Day”) that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term CXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term CXXXX Determination Day the Term CXXXX Reference Rate for the applicable tenor has not been published by the Term CXXXX Administrator and a Canadian Benchmark Replacement Date with respect to the Term CXXXX Reference Rate has not occurred, then Term CXXXX will be the Term CXXXX Reference Rate for such tenor as published by the Term CXXXX Administrator on the first preceding Business Day for which such Term CXXXX Reference Rate for such tenor was published by the Term CXXXX Administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Periodic Term CXXXX Determination Day.
Sample 1
Term CXXXX means, for any calculation with respect to a Term CXXXX Loan, the Term CXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term CXXXX Determination Day”) that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term CXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term CXXXX Determination Day the Term CXXXX Reference Rate for the applicable tenor has not been published by the Term CXXXX Administrator and a Benchmark Replacement Date with respect to the Term CXXXX Reference Rate has not occurred, then Term CXXXX will be the Term CXXXX Reference Rate for such tenor as published by the Term CXXXX Administrator on the first preceding Business Day for which such Term CXXXX Reference Rate for such tenor was published by the Term CXXXX Administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Periodic Term CXXXX Determination Day.
Sample 1

Examples of Term CXXXX in a sentence

  • At any time (including in connection with the implementation of a Benchmark Replacement), if the then-current Benchmark is a term rate (including Term CXXXX or CDOR), then (i) the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (ii) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings.

  • The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term CXXXX Transition Event, and (iii) the effectiveness of any Conforming Changes.

  • All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to Term SOFR) and for Canadian Prime Rate Loans (including Canadian Prime Rate Loans determined by reference to Adjusted Term CXXXX) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

  • The Lender shall make Revolving Loans to (i) the Canadian Borrower in Canadian Dollars by way of Prime Rate Revolving Loans, Term CXXXX Revolving Loans and/or in U.S. Dollars by way of U.S. Base Rate Revolving Loans or SOFR Revolving Loans, and to (ii) the US Borrower in U.S. Dollars by way of U.S. Base Rate Revolving Loans or SOFR Revolving Loans.

  • The Administrative Agent will promptly notify the BorrowersCanadian Borrower and the Canadian Lenders of (Ai) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term CXXXX Transition Event, and (Biii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.

  • The Lender will promptly notify the Borrower of (i) the implementation of any Benchmark Replacement, (ii) the occurrence of a Term CXXXX Transition Event, and (iii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement.

  • The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Canadian Benchmark Replacement, (ii) any occurrence of a Term CXXXX Transition Event, and (iii) the effectiveness of any Canadian Benchmark Replacement Conforming Changes.

  • The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement, (ii) any occurrence of a Term CXXXX Transition Event, and (iii) the effectiveness of any Benchmark Replacement Conforming Changes, and (iv) by delivering a BA Cessation Notice pursuant to Section 18.6.7, its intention to terminate the obligation of the Lenders to make or maintain Bankers' Acceptances or BA Equivalent Advances.

  • By: Name: Title: 5 Which shall be subject to the definition of “Interest Period” and Section 2.02 of the Credit Agreement and end not later than the applicable Maturity Date (applicable for Term SOFR Borrowings and Term CXXXX Borrowings only) of the Class of Borrowing.

  • The Administrative Agent will promptly notify the Borrower and the Lenders of (Ai) the implementation of any Canadian Benchmark Replacement and (B), (ii) any occurrence of a Term CXXXX Transition Event, and (iii) the effectiveness of any Conforming Changes pursuant to this Section 3.03(b).


More Definitions of Term CXXXX

Term CXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on CXXXX that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice. “Term CXXXX Notice” means the notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term CXXXX Transition Event. “Term CXXXX Transition Date” means, in the case of a Term CXXXX Transition Event, the date that is set forth in the Term CXXXX Notice provided to the Lenders and the Borrower, for the replacement of the then-current Canadian Benchmark with the Canadian Benchmark Replacement described in clause (a)(i) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term CXXXX Notice. “Term CXXXX Transition Event” means the determination by the Administrative Agent that (a) Term CXXXX has been recommended for use by the Relevant Governmental Body, and is determinable for any Available Tenor, (b) the administration of Term CXXXX is administratively feasible for the Administrative Agent, (c) a Canadian Benchmark Replacement, other than Term CXXXX, has replaced CDOR in accordance with Section 3.03(c) and (d) Borrower has provided a written request to Administrative Agent to transition to Txxx XXXXX. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided
Sample 1
Term CXXXX means, for any calculation with respect to a Term CXXXX Loan, the Term CXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term CXXXX Determination Day”) that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term CXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term CXXXX Determination Day the Term CXXXX Reference Rate for the applicable tenor has not been published by the Term CXXXX Administrator and a Benchmark Replacement Date with respect to the Term CXXXX Reference Rate has not occurred, then the Administrative Agent shall so notify the Borrower and, at the option of the Borrower, (i) Term CXXXX will be the Term CXXXX Reference Rate for such tenor as published by the Term CXXXX Administrator on the first preceding Business Day for which such Term CXXXX Reference Rate for such tenor was published by the Term CXXXX Administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Periodic Term CXXXX Determination Day; or (ii) the Term CXXXX Reference Rate for such Periodic Term CXXXX Determination Day shall be deemed to equal Daily Compounded CXXXX on such day; provided, further, that if Term CXXXX shall ever be less than the Floor, then Term CXXXX shall be deemed to be the Floor.
Sample 1
Term CXXXX is defined in the definition of “Alternative Currency Term Rate”.
Sample 1
Term CXXXX means, for any calculation with respect to any CAD Advance (other than an Advance bearing interest at the Alternate Base Rate), the greater of (i) 0.0% and (ii) the Term CXXXX Reference Rate for a tenor of three (3) months on the day (such day, the “Term CXXXX Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of the relevant Accrual Period, as such rate is published by the Term CXXXX Administrator.
Sample 1

Related to Term CXXXX

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Incremental Term Commitment has the meaning specified in Section 2.14(a).

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

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

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Initial Term Loan Commitment means the commitment of an Initial Term Lender under the Original Credit Agreement to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all Initial Term Lenders in the aggregate. The aggregate amount of the Term Loan Commitments was $2,000,000,000 on the Closing Date before the funding of any Term Loans.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Borrower pursuant to Section 2.1(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.1 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).