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.
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Term CXXXX means, for any calculation with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, 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) Canadian 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 Canadian 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 Canadian Business Day is not more than five (5) Canadian Business Days prior to such Periodic Term CXXXX Determination Day.
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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

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.

  • Whenever possible, Thyme Technologies KZN will inform the client as to the information required and the information deemed optional.

  • 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.

  • The applicable Alternate Base Rate, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted Term CXXXX Rate or C$ Prime Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • Cohesant shall pay to CXXXX, on a monthly basis, a fee for each Spinco Group Service as computed in the manner as set forth on Exhibit A hereto and, at the end of each calendar month during the Term, CXXXX shall produce and deliver to Cohesant an invoice setting forth in reasonable detail the amount of the fee due and owing by Cohesant for each Spinco Group Service for the calendar month then ended, as computed in the manner as set forth on Exhibit A hereto.

  • 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 White Mountains program of Arizona Conservation Corps strives to engage local tribal young adults in project work that is relevant to their interests and values post- service.

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

  • The deemed payments made pursuant to clause (A) above in respect of each Term SOFR Loan, Term CXXXX Loan or Eurocurrency Loan or B/A Equivalent Loan shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.15 if the Increase Effective Date occurs other than on the last day of the Interest Period relating thereto and breakage costs actually result therefrom.

  • The Administrative Agent will promptly notify Cxxxxxxxx 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.


More Definitions of Term CXXXX

Term CXXXX means, for any calculation with respect to any Borrowing denominated in Canadian Dollars, 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 five (5) Business Days prior to such Periodic Term CXXXX Determination Day.
Sample 1
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 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
Term CXXXX is defined in the definition of “Alternative Currency Term Rate”.
Sample 1

Related to Term CXXXX

  • Term XXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on XXXXX 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 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.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche C Term Loan as defined in Section 2.1.

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

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding 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 A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

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

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • 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.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Term B-1 Lender means a Lender with an outstanding Term B-1 Loan Commitment or an outstanding Term B-1 Loan.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

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

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • 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.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.