Term SOFR Rate Advance definition

Term SOFR Rate Advance means an Advance denominated in Dollars that bears interest as provided in Section 2.08(a)(ii).

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

Term SOFR Rate Advance means an Advance that bears interest as provided in Section 2.08(a)(ii). “Term SOFR Reference Rate” shall mean the forward-looking term rate based on SOFR. “Term SOFR Rate Tranche” means, at any time, all Term SOFR Rate Advances having the same Interest Period at such time and under the same Notice of Term Loan Borrowing or notice of continuation or Conversion, as the case may be. “Trust Indenture Act” has the meaning specified in Section 7.02. “Type” means with respect to any Advance, whether such Advance is a Base Rate Advance or EurodollarTerm SOFR Rate Advance. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Unadjusted Benchmark Replacement” has the meaning specified in Section 2.09(g). “U.S. Government Securities Business Day” means any day except for (a) a Saturday or Sunday or (b) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal Revenue Code. “U.S. Tax Compliance Certificate” has the meaning assigned thereto in Section 2.15(g). “Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency. “Withholding Agent” means the Borrower and the Agent. UGI Utilities Credit Agreement DMFIRM #403221427 v19 21

Examples of Term SOFR Rate Advance in a sentence

• During such periods as such Advance is a Term SOFR Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Term SOFR for such Interest Period for such Advance plus (y) the Applicable Margin for such Advance, payable in arrears on the last day of such Interest Period.

• Upon the occurrence and during the continuance of any Event of Default under Section 7.01(a), (i) each Term SOFR Rate Advance (unless repaid) will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make, or to Convert Advances into, Term SOFR Rate Advances shall be suspended.

• In addition, if the Borrower shall fail to provide a timely notice of Conversion or continuation for any Term ​ ​ 74 Alliance Coal, LLC ​ Credit Agreement ​ ​ SOFR Rate Advance, such Term SOFR Rate Advance will automatically Convert into a Base Rate Advance.

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• Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a Daily Adjusting Term SOFR Rate Advance of, conversion to or continuation of Daily Adjusting Term SOFR Rate Advances 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 an advance of or conversion to Base Rate Advances.

• If no Interest Period is specified with respect to any requested Adjusted Term SOFR Rate Advance, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

More Definitions of Term SOFR Rate Advance

Term SOFR Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii). ​ ​ 50 Alliance Coal, LLC ​ Credit Agreement ​ ​

Term SOFR Rate Advance has the meaning assigned in Section 2.3(a).

Term SOFR Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

Term SOFR Rate Advance means an Advance (and in the case of a Term Loan Advance, 2016 Incremental Term Loan Advance, 2021 Incremental Term Loan Advance or Incremental Term Loan Advance, any portion thereof) bearing interest based on the Term SOFR Rate, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.