Term SOFR Determination Date definition

Term SOFR Determination Date shall have the meaning set forth in the definition of Term SOFR Rate.

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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.

Term SOFR Determination Date. With respect to each Accrual Period, the day that is two (2) Business Days prior to the first day of such Accrual Period.

Examples of Term SOFR Determination Date in a sentence

On each Periodic Term SOFR Determination Date, the Lender shall determine and deliver to the Servicer the applicable Benchmark with respect to the related Accrual Period.
Borrower hereby directs Administrative Agent, and Administrative Agent acknowledges, that the Loan shall be a SOFR Loan on the Closing Date and such SOFR Loan shall be reset on the first Periodic Term SOFR Determination Date to occur after the Closing Date and on each Periodic Term SOFR Determination Date thereafter if Borrower has not given notice to Administrative Agent to convert the Loan to an Alternative Base Rate Loan.
The Administrative Agent must give notice on the Term SOFR Determination Date to each relevant Party of the determination of an interest rate under this Contract.
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).
The Interest Rate for subsequent Interest Periods shall be re-determined, and adjusted if necessary, on each subsequent Eurodollar RatePeriodic 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 any Term SOFR Loan for the relevant Interest Period, two Business Days before the first day of such Interest 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 has the meaning set forth in the definition of “Term SOFR Screen Rate”.

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 means a day that is two (2) Business Days prior to the first day of each Term SOFR Interest Period.

Term SOFR Determination Date has the meaning assigned to it in the definition of “Term SOFR Rate”. “Term SOFR Rate” shall mean, for any Interest Period, the interest rate per annum determined by the Administrative Agent (rounded upwards, at the Administrative Agent’s discretion, to the nearest 1/100th of 1%) equal to the Term SOFR Reference Rate for a tenor comparable to such Interest Period, as such rate is published by the Term SOFR Administrator on the day (the “Term SOFR Determination Date”) that is two (2) Business Days prior to the first day of such Interest Period. If the Term SOFR Reference Rate for the applicable tenor has not been published or replaced with a Benchmark Replacement by 5:00 p.m. (Pittsburgh, Pennsylvania time) on the Term SOFR Determination Date, then the Term SOFR Reference Rate shall be the Term SOFR Reference Rate for such tenor on the first Business Day preceding such Term SOFR Determination Date for which such Term SOFR Reference Rate for such tenor was published in accordance herewith, so long as such first preceding Business Day is not more than three (3) Business Days prior to such Term SOFR Determination Date. If the Term SOFR Rate, determined as provided above, would be less than the Floor, then the Term SOFR Rate shall be deemed to be the Floor. The Term SOFR Rate shall be adjusted automatically without notice to the Borrower on and as of the first day of each Interest Period. “Term SOFR Reference Rate” shall mean the forward-looking term rate based on SOFR. “Termination Date” means the date on which (a) all Commitments have expired or been terminated, (b) all Obligations, the principal of and interest on each Loan and all fees, expenses and other amounts outstanding, in each case, to the extent then owing, due and payable under and in respect of any Loan Document (other than (i) contingent indemnification or expense reimbursement obligations for which no claim or demand has been made, (ii) obligations set forth in the provisions of any Loan Document that by their express terms survive the termination of this Agreement, and (iii) Specified Ancillary Obligations (and

Term SOFR Determination Date has the meaning set forth in the definition of “Term SOFR”. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR. “Term SOFR Rate” means, with respect to a Loan to which Term SOFR applies, a fluctuating interest rate per annum as shall be in effect from time to time equal to Term SOFR. “Term SOFR Rate Loan” means a Loan bearing interest at the Term SOFR Rate.