Term SOFR Advance definition

Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

Term SOFR Advance means an Advance comprised of Term SOFR Loans.

Term SOFR Advance means an Advance that bears interest as provided in Section 2.04(a)(ii).

Examples of Term SOFR Advance in a sentence

• Interest accrued on each Term SOFR Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period.

• Interest accrued on each Term SOFR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Term SOFR Advance is prepaid, whether by acceleration or otherwise, and at maturity.

• Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate Advance converted into a Term SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion.

• The Administrative Agent will notify each Lender of the Adjusted Term SOFR Rate applicable to each Term SOFR Advance and the Eurocurrency Rate applicable to each Eurocurrency Advance, in each case, promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

• Each Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a Term SOFR Advance into an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Term SOFR Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Alternate Base Rate for such day.

More Definitions of Term SOFR Advance

Term SOFR Advance means a Revolving Credit Advance denominated in Dollars which bears interest as provided in Section 2.07(b).

Term SOFR Advance means an Advance that, except as otherwise provided in Section 2.11, bears interest at the applicable Adjusted Term SOFR Screen Rate (other than pursuant to clause (d) of the definition of Alternate Base Rate) plus the Applicable Margin therefor.

Term SOFR Advance means an Advance that, except as otherwise provided in Section 2.11, bears interest at the applicable Term SOFR Rate.

Term SOFR Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars which bears interest as provided in Section 2.07(b).

Term SOFR Advance means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.5(b).

Term SOFR Advance means, at any time, the part of the Advances with respect to which the Borrower has chosen to pay interest on the Term SOFR Basis.

Term SOFR Advance a portion of the Revolving Credit Loans selected by the Borrower to bear interest during a Term SOFR Interest Period selected by the Borrower at a rate based upon Term SOFR, all pursuant to and in accordance with Section 2.1 or Section 3.3.