Term SOFR Replacement Date definition

Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

Term SOFR Replacement Date has the meaning specified in Section 2.14(b).

Term SOFR Replacement Date has the meaning assigned to such term in Section 5.05(a)(ii)(A).

Examples of Term SOFR Replacement Date in a sentence

• If a Successor Rate includes a SOFR-based rate, then as of the Term SOFR Replacement Date, the Unused Line Fee Rate shall increase by percentage points equal to the SOFR Adjustment for a one month interest period.

• The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Term SOFR Successor Rate.

• The Administrative Agent will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Successor Rate.

• The DIP Agent will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Successor Rate.

• For the avoidance of doubt, if the event giving rise to the Term SOFR Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Term SOFR Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

More Definitions of Term SOFR Replacement Date

Term SOFR Replacement Date as defined in Section 1.10(a).

Term SOFR Replacement Date has the meaning specified in Section 3.03(b). “Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), Screen Rate” means the forward-looking SOFR term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.administered by CME (or any successor administrator satisfactory to the Lender) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Lender from time to time). “Threshold Amount” means, as of any date of determination, an amount equal to the greater of (a) $10,000,000, and (b) ten percent (10%) of TTM EBITDA. “Total Indebtedness” means, at any date, the aggregate principal amount of all Indebtedness determined for the Borrower and its Subsidiaries on a consolidated basis at such date. “Total Net Leverage Ratio” means, on any date, the ratio of (a) the total of (i) Total Indebtedness on such date, minus (ii) Unrestricted Cash on such date, to (b) TTM EBITDA on such date. “Total Revolving Outstandings” means, as of any date of determination, the aggregate Outstanding Amount of all Revolving Loans as of such date, plus the aggregate Outstanding Amount of all L/C Obligations as of such date. “Transactions” means, collectively, the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the borrowing of Revolving Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. “TTM EBITDA” means, as of any date of determination, EBITDA for the four fiscal quarter period most recently ended on or prior to such date for which financial statements have been (or required to have been) delivered to the Lender pursuant to Section 6.01(a) or Section 6.01(b), as applicable. “Type” means, with respect to a Revolving Loan, its character as a Base Rate Loan or a Eurodollar RateTerm SOFR Loan. “UCC” means the Uniform Commercial Code as in effect in the State of New York; provided, that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral...

Term SOFR Replacement Date as defined in the definition of “Term SOFR Rate”.

Term SOFR Replacement Date has the meaning given that term in Section 4.2.

Term SOFR Replacement Date. As defined in Section 4.14(a) of this Agreement.

Term SOFR Replacement Date has the meaning specified in Section 3.03(b). “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” means $75,000,000.

Term SOFR Replacement Date has the meaning specified in Section 3.03(b). “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 in its reasonable discretion). “Term SOFR Successor Rate” has the meaning specified in Section 3.03(b). “Termination Date” has the meaning specified in the lead-in to Article VI.