Term SOFR Rate Loan definition

Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

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Term SOFR Rate Loan means a Loan that bears interest based on Term SOFR Rate.

Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR.

Examples of Term SOFR Rate Loan in a sentence

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

• Except as provided below, interest shall be payable (i) in respect of each ABR Loan, quarterly in arrears on the last Business Day of each March, June, September and December, (ii) in respect of each Term SOFR Rate Loan, on the last day of each Interest Period applicable thereto and.

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

More Definitions of Term SOFR Rate Loan

Term SOFR Rate Loan means a Committed Loan denominated in Dollars under the U.S. Tranche or the Euro Tranche that bears interest at a rate based on clause (a) of the definition of Term SOFR Rate.

Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

Term SOFR Rate 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).

Term SOFR Rate Loan means a Loan bearing interest at the Term SOFR Rate Option. A Term SOFR Rate Loan is a Loan subject to an Interest Period.

Term SOFR Rate Loan means an Advance that bears interest based on Term SOFR Rate. “Term SOFR Reference Rate” shall mean the forward-looking term rate based on SOFR.

Term SOFR Rate Loan means an Advance that bears interest based on the Term SOFR Rate.

Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR. “Threshold Amount” means, with respect to all Insurance Subsidiaries, as of any date of determination, twenty-five percent (25%) of the net aggregate admitted assets less separate account assets (as set forth on the financial statements of the Insurance Subsidiaries most recently provided pursuant to Section 5.01(c)). 781366594 19619932 22