Term SOFR Successor Rate definition

Term SOFR Successor Rate has the meaning specified in Section 3.03(b).

Term SOFR Successor Rate has the meaning specified in Section 2.14(b).

Term SOFR Successor Rate has the meaning specified in Section 11.9(e)(iii).

Examples of Term SOFR Successor Rate 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.

• Notwithstanding anything else herein, if at any time any Term SOFR Successor Rate as so determined would otherwise be less than zero, such Term SOFR Successor Rate will be deemed to be zero for the purposes of this Agreement and the other Loan Documents.

• Any Term SOFR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Term SOFR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

• If the Term SOFR Successor Rate is Daily Simple SOFR plus the applicable SOFR Adjustment, all interest payments will be payable on a monthly basis.

• If the Term SOFR Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a quarterly basis.

More Definitions of Term SOFR Successor Rate

Term SOFR Successor Rate as defined in Section 1.6.

Term SOFR Successor Rate has the meaning specified in Section 3.03(b). CHAR1\1806478v11CHAR1\1928004v5

Term SOFR Successor Rate shall have the meaning set forth in the last sentence of the definition of Term SOFR.

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.

Term SOFR Successor Rate shall have the meaning provided in Section 13.1.

Term SOFR Successor Rate has the meaning set forth in Section 3.03(b). “Test Period” means, as of any date of determination, the most recently completed four (4) fiscal quarters of the Borrower ended 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 Section 6.01(b) (or in the case of any calculation pursuant to Section 7.10, ended on the last day of the fiscal quarter in question).

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. “Test Period” means, for any determination under this Agreement, (a) for any Person which becomes a Subsidiary pursuant to an Acquisition, (i) during the fiscal year of the Borrower during which such Acquisition is consummated, the period beginning on the first day of such fiscal year and ending on the last day of the fiscal quarter of the Borrower then last ended and (ii) at all times after the end of the fiscal year of the Borrower during which such Acquisition is consummated, the four consecutive fiscal quarters of the Borrower then last ended and (b) for the Borrower and any other Subsidiary, the four consecutive fiscal quarters of the Borrower then last ended.