Term SOFR Revolving Loan definition

Term SOFR Revolving Loan means a Revolving Loan bearing interest at a rate of interest determined by reference to the Adjusted Term SOFR Rate.
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Examples of Term SOFR Revolving Loan in a sentence

  • During any Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a Term SOFR Revolving Loan.

  • Upon delivery of such notice, Borrower shall either prepay the Term SOFR Revolving Loans or convert the Term SOFR Revolving Loans of such Lender to Base Rate Revolving Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain the Term SOFR Revolving Loan and charge applicable interest to such day, or immediately, if such Lender cannot so maintain such Term SOFR Revolving Loan.

  • Notably for Lake Country Route 23 trips that serve the airport will be shared with the City of Kelowna for the portion of the route that travels between the intersection of Old Vernon Road and Highway 97 and UBCO.

Related to Term SOFR Revolving Loan

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.