Term SOFR Loan definition

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

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Term SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR. “Term SOFR Replacement Date” has the meaning specified in Section 3.03(b).

Examples of Term SOFR Loan in a sentence

• Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a Term SOFR Loan of, conversion to or continuation of Term SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Overnight Rate Loans.

• Any prepayment of any Term SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

• Interest on each Term SOFR Loan shall be payable in arrears on the last day of the Interest Period in effect with respect thereto and on the Termination Date (or, if earlier, with respect to the Loans of any Terminating Bank, on such Bank’s Specified Termination Date).

More Definitions of Term SOFR Loan

Term SOFR Loan means each Loan bearing interest at Adjusted Term SOFR Rate, as provided in Section 2.08(a).

Term SOFR Loan means any Loan bearing interest at a rate based on Adjusted Term SOFR. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.

Term SOFR Loan a Loan that bears interest based on clause (a) of the definition of Term SOFR. Term SOFR Screen Rate: the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Agent from time to time).

Term SOFR Loan means any Term SOFR Term Loan or Term SOFR Revolving Loan.

Term SOFR Loan means a Loan that, except as otherwise provided in Section 2.07, bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of Alternate Base Rate.

Term SOFR Loan means a Loan that bears interest at a rate based on the definition of Term SOFR.

Term SOFR Loan means a Loan that, except as otherwise provided in Section 3.1, bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of Base Rate.