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 Committed 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 clause (a) of the definition of Term SOFR. “Term SOFR Replacement Date” has the meaning specified in Section 3.03(b).
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Examples of Term SOFR Loan in a sentence

  • Each Term SOFR Loan and Alternate Base Rate Loan bearing interest based off SOFR shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a three hundred sixty-five (365) day year).

  • Any prepayment of a Term SOFR Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 4.05 hereof.

  • Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrowers, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Term SOFR Loans or automatic continuation as a Term SOFR Loan, as applicable, as described in Section 2.03(a).

  • Any such disbursement made by Administrative Agent to Lenders shall be deemed to be a Term SOFR Loan (subject to Section 2.01(d)), and the Borrowers shall be deemed to have given to Administrative Agent, in accordance with the terms and conditions of Section 2.03(a), a Loan Notice with respect thereto.

  • Any such automatic conversion to Prime Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Term SOFR Loans or BA EquivalentTerm XXXXX Loans, or (y) fails to specify an Interest Period for a Term SOFR Loan or a BA EquivalentTerm XXXXX Loan, it will be deemed to have specified an Interest Period of one month.


More Definitions of Term SOFR Loan

Term SOFR Loan means a Loan that, except as otherwise provided in Section 2.11, bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of Alternate Base Rate.
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Term SOFR Loan means each Advance bearing interest at a rate based upon the Adjusted Term SOFR Rate.
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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 (d) of the definition of “Alternate Base Rate”.
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Term SOFR Loan means a Loan that, except as otherwise provided in Section 2.13(c), bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of “Alternate Base Rate.”
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Term SOFR Loan means a Loan that bears interest at a rate based on the definition of Term SOFR. “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). “Threshold Amount”: $1,500,000,000. - 42-
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Term SOFR Loan means each Loan bearing interest at a rate based upon Adjusted Term SOFR (other than pursuant to clause (c) of the definition of Base Rate).
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Term SOFR Loan means any Loan bearing interest based upon Term SOFR. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.
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