Term SOFR Determination Date shall have the meaning set forth in the definition of Term SOFR Rate.
Term SOFR Determination Date means, with respect to each Collection Period, the day that is two (2) U.S. Government Securities Business Days prior to the first day of such Collection Period.
Term SOFR Determination Date means, with respect to each Remittance Period, the day that is two (2) Business Days prior to the first day of such Remittance Period.
Examples of Term SOFR Determination Date in a sentence
The Interest Rate for subsequent Interest Periods shall be re-determined, and adjusted if necessary, on each subsequent Periodic Term SOFR Determination Date, and the Interest Rate shall remain fixed throughout the applicable Interest Period until the first Business Day of the following Interest Period (subject to the provisions of Section 12.19 of this Agreement).
More Definitions of Term SOFR Determination Date
Term SOFR Determination Date means, with respect to each Remittance Period, the day that is two (2) U.S. Government Securities Business Days prior to the first day of such Remittance Period.
Term SOFR Determination Date means (a) the Effective Date and (b) the first Business Day of each calendar month thereafter.
Term SOFR Determination Date means a day that is two (2) Business Days prior to the first day of each Term SOFR Interest Period.
Term SOFR Determination Date means initially, the Closing Date and then each Monthly Settlement Date thereafter; provided that if any Term SOFR Determination Date is not a U.S. Government Securities Business Day, the rate applicable on such Term SOFR Determination Date shall be the rate for the immediately preceding U.S. Government Securities Business Day.
Term SOFR Determination Date has the meaning assigned to it in the definition of “Term SOFR Reference Rate”. “Term SOFR Rate” means, with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator. “Term SOFR Reference Rate” means, for any day and time (such day, the “Term SOFR Determination Date”), with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period on the day that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the SOFR Administrator, the rate per annum determined by the Administrative Agent as the forward-looking term rate based on SOFR, provided that if the Term SOFR Reference Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of calculating such rate. If by 5:00 pm (New York City time) on any Term SOFR Determination Date, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then the Term SOFR Reference Rate for such Term SOFR Determination Date will be the Term SOFR Reference Rate for such tenor as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the CME Term SOFR Administrator, so long as such first U.S. Government Securities Business Day preceding such Business Day is not more than five (5) U.S. Government Securities Business Days prior to such Term SOFR Determination Date. “Threshold Amount” means $5,000,000. “Trade Date” means, as to a particular assignment or participation of an interest hereunder to a Person, the date on which the applicable Lender enters into a binding agreement to sell and assign or participate all or a portion of its rights and obligations under this Agreement to such Person. “Total Adjusted Capital” means, with respect to an Insurance Company and as of a date of determination, the “Total Adjusted Capital,” or equivalent term, as defined in the Applicable Insurance Code of the state in which such In...
Term SOFR Determination Date has the meaning provided in the definition of Term SOFR Screen Rate.
Term SOFR Determination Date means, for any Interest Period, the date falling two Additional Business Days before the first day of such Interest Period;