Term SOFR Loans definition

Term SOFR Loans when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to Adjusted Term SOFR.

Term SOFR Loans. Loans the rate of interest applicable to which is based upon Adjusted Term SOFR (other than pursuant to clause (c) of the definition of “ABR”).

Term SOFR Loans means the Term Loan I, Term Loan K, Term Loan L, Term Loan M, Term Loan N, Term Loan O and Term Loan P, Term Loan Q, Term Loan R and Term Loan S and any other Loans for which Applicable Rate is determined with 3-month or 1-month Term SOFR.

Examples of Term SOFR Loans in a sentence

• Such deposit shall constitute cash collateral for the Term SOFR Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 5.02.

• The 2024-1 Incremental Term B Loans may be ABR Loans or Term SOFR Loans as further provided herein.

• Each such Notice of Borrowing shall specify (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing, (ii) the date of the Borrowing (which shall be a Business Day), and (iii) whether the Borrowing shall consist of ABR Loans and/or Term SOFR Loans and, if Term SOFR Loans, the Interest Period to be initially applicable thereto.

• Such Notice of Borrowing shall specify (i) the aggregate principal amount of the Initial Term B Loans to be made, (ii) the date of the Borrowing (which shall be a Business Day), and (iii) whether the Borrowing shall consist of ABR Loans and/or Term SOFR Loans and, if Term SOFR Loans, the Interest Period to be initially applicable thereto.

• The Initial Term B Loans may be ABR Loans or Term SOFR Loans as further provided herein.

More Definitions of Term SOFR Loans

Term SOFR Loans means any loans bearing interest based on Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

Term SOFR Loans. “Spot Rate” means the currency exchange rate for the purchase of Dollars in the applicable Alternative Currency on any Revaluation Date that appears on the Bloomberg screen page for such Alternative Currency (or if such service is no longer available or widely used in the market, the applicable screen page published by Reuters or another commercially available source providing quotations of such rate as selected by Administrative Agent in its reasonable discretion from time to time) on such Revaluation Date, provided that, in the case of a payment to be made on a particular day, at the end of the immediately preceding Business Day.

Term SOFR Loans. The Amended Credit Agreement is not a novation of the Existing Credit Agreement.

Term SOFR Loans means Committed Loans which bear interest at a rate based upon Term SOFR, other than pursuant to clause

Term SOFR Loans the Term SOFR Revolving Credit Loans and/or the Term SOFR Term Loans.

Term SOFR Loans. $ Applicable Interest Period: Base Rate Loans: $ Voluntary prepayment of Swingline Loans in the following amount(s): $ Delivery of an executed counterpart of a signature page of this notice by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. [signature page follows]

Term SOFR Loans. (under and as defined in, the Amended Credit Agreement) with an initial Interest Period ending on the last day of the Interest Period in effect for the Existing Term Loans and accruing interest based on the same Term SOFR Reference Rate as the Existing Term Loans (which Interest Periods shall continue in effect until such Interest Periods expire and a new Type of Borrowing is selected in accordance with the provisions of the Amended Credit Agreement). For the avoidance of doubt, interest will only accrue on the Sixth Amendment Term Loans from and after the Amendment Effective Date.