Term SOFR Revolving Credit Loan definition

Term SOFR Revolving Credit Loan means a Revolving Credit Loan that bears interest at a rate based on clause (a) of the definition ofTerm SOFR.”
Term SOFR Revolving Credit Loan any Revolving Credit Loan for the periods when the rate of interest applicable to such Revolving Credit Loan is calculated by reference to the Term SOFR Rate.

Examples of Term SOFR Revolving Credit Loan in a sentence

  • If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a LIBOR Term Loan, as a Term SOFR Revolving Credit Loan or as a Alternative Currency Term Rate Revolving Credit Loan,the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  • If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a LIBOR Term SOFR Term Loan, as a Term SOFR Revolving Credit Loan or as aan Alternative Currency Term Rate Revolving Credit Loan, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

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