Term SOFR Adjustment definition

Term SOFR Adjustment means a percentage equal to 0.10% per annum.
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Term SOFR Adjustment means, for any calculation with respect to a Base Rate Loan or a SOFR Loan, a percentage per annum equal to 0.10%.
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Term SOFR Adjustment means (a) with respect to an Interest Period of one month, 0.10000%, (b) with respect to an Interest Period of three months, 0.15000% and (c) with respect to an Interest Period of six months, 0.25000%.
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Examples of Term SOFR Adjustment in a sentence

  • If the Successor Rate is Daily Simple SOFR plus the Term SOFR Adjustment, all interest payments will be payable on a monthly basis.

  • As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • The Adjusted Term SOFR is equal to the sum of (a) the Term SOFR rate (as defined in our new credit agreement) for such period plus (b) the Term SOFR Adjustment of 0.1% plus (c) the applicable margin.

  • If the Required Lenders have objected to one or more Subject Agreements, the Borrower may submit a revised Term SOFR Adjustment Notification with additional or replacement Subject Agreements, which revised Term SOFR Adjustment Notification shall be subject to the procedures set forth above.

  • As used in this Agreement, the following terms shall have the meanings set forth below: “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than 0.25%, then Adjusted Term SOFR shall be deemed to be 0.25%.


More Definitions of Term SOFR Adjustment

Term SOFR Adjustment means, for any calculation with respect to a Base Rate Loan or a SOFR Rate Loan, a percentage per annum as set forth below for the applicable Type of such Term Loan and (if applicable) Interest Period therefor: Base Rate Loans: 0.11448% SOFR Rate Loans: One month 0.11448 % Three months 0.26161 % Six months 0.42826 % Twelve months 0.71513 %
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Term SOFR Adjustment means, for any calculation with respect to a Term Benchmark Loan, a percentage per annum as set forth below for the applicable Interest Period therefor:
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Term SOFR Adjustment means, for any calculation with respect to an ABR Loan or a SOFR Loan, a percentage per annum as set forth below for the applicable Type of such Loan and (if applicable) Interest Period therefor: ABR Loans: SOFR Loans:
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Term SOFR Adjustment means a percentage equal to 0.15% per annum.
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Term SOFR Adjustment means, for any calculation with respect to a Base Rate Portion or a Term SOFR Portion, a percentage per annum as set forth below for the applicable type of such Portion and (if applicable) Interest Period therefor: Index Rate Portions: 0.10% Term SOFR Portions:
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Term SOFR Adjustment means, for any calculation with respect to a SOFR Revolving Loan, (i) 0.11448% (11.448 basis points) for an Interest Period of one-month’s duration, (ii) 0.26161% (26.161 basis points) for an Interest Period of three-month’s duration and (iii) 0.42826% (42.826 basis points) for an Interest Period of six-months’ duration.
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Term SOFR Adjustment means, for any calculation with respect to a Reference Rate Loan or a SOFR Loan, a percentage per annum as set forth below for the applicable Type of Loan and (if applicable) Interest Period therefor: Reference Rate Loans: SOFR Loans: One month 0.0000 %
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