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 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.
Sample 1Sample 2
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.

  • 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 has the meaning specified in the definition of “Alternative Currency Term Rate.”
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 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 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 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.

  • Term B-1 Lender means each Lender that has a Term B-1 Commitment or that holds Term B-1 Loans.

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