Term SOFR Replacement Date has the meaning specified in Section 3.03(b).
Term SOFR Replacement Date has the meaning specified in Section 2.13(b)(ii).
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 the Term SOFR Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis, as set forth in the definition of “Interest Payment Date”.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 has the meaning specified in Section 3.02(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). “Test Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of any Borrower ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.01(a) or 6.01(b). “Third Amendment Effective Date” means July 23, 2020. “Threshold Amount” means $53,000,000. “Total Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Parents, the Borrowers and the Restricted Subsidiaries for such Test Period. “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. “Transaction” means, collectively, (a) the execution and delivery of the Loan Documents and the funding of the Revolving Credit Loans and the Letters of Credit hereunder, (b) the execution and delivery of the First Lien Loan Documents and the funding of the Initial Term Loans (as defined in the First Lien Credit Agreement) under the First Lien Facility on the Closing Date, (c) the execution and delivery of the Second Lien Loan Documents (as defined in the Existing Credit Agreement) and the funding of the Initial Term Loans (as defined in the Second Lien Credit Agreement (as defined in the Existing Credit Agreement)) under the Second Lien Facility (as defined in the Existing Credit Agreement) on the Closing Date, (d) the Closing Date Restricted Payment, (e) the Refinancing and (f) the payment of Transaction Expenses. “Transaction Expenses” means any fees or expenses incurred or paid by any Parent, the Borrowers, or any Restricted Subsidiary in connection with the Transaction and the transactions contemplated in connection therewith. “Type” means, with respect to a Loan, its character as a Base Rate Loan or a Term SOFR Loan.
Term SOFR Replacement Date as defined in the definition of “Term SOFR Rate”.
Term SOFR Replacement Date has the meaning specified in Section 4.05(b).
Term SOFR Replacement Date has the meaning specified therefor in Section 2.13(d)(iii)(B)(ii) of the Agreement.
Term SOFR Replacement Date. As defined in Section 4.13(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 Agent) and published on the applicable Reuters screen
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.