Term SOFR Transition Date definition

Term SOFR Transition Date means, in the case of a Term SOFR Transition Event, the date that is thirty (30) days after the Administrative Agent has provided the related Term SOFR Notice to Borrowers and the Lenders pursuant to Section 4.03(b)(ii).

Term SOFR Transition Date means, in the case of a Term SOFR Transition Event, the date that is 30 (thirty) calendar days after Agent has provided the related Term SOFR Notice to the Lenders and the Dealers pursuant to Section 3(c)(i)(B).

Term SOFR Transition Date means the date on which the Term SOFR Transition occurs, which will be the date Funding Lender determines in its sole discretion that the Term SOFR Transition will be operationally, administratively and technically feasible, provided that the Term SOFR Transition may occur only if such transition will not cause an Adverse Tax Event.

Examples of Term SOFR Transition Date in a sentence

• First clean up, then restoration including new signage, benches interpretation, history, power plant bay fill.

• Provided that no Default or Event of Default has occurred and is then continuing, the Borrowers shall have the option, on and after the Term SOFR Transition Date, upon the expiration of any Interest Period, to continue any SOFR Loans as SOFR Loans.

• The applicable ABR or Daily Compounded SOFR or, on and after the Term SOFR Transition Date, shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

• If, on and after the Term SOFR Transition Date, the Borrowers request a continuation of a SOFR Loan, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

• The Variable Annual Interest Rate may change on each of the following: First Change Date Subsequent Change Dates The Term SOFR Transition Date (as defined below) A Benchmark Replacement Date (as defined on Schedule 2) Each of the First Change Date, the Subsequent Change Dates, the Term SOFR Transition Date, and any Benchmark Replacement Date is a “Change Date.” The new Variable Annual Interest Rate will become effective on each Change Date.

More Definitions of Term SOFR Transition Date

Term SOFR Transition Date means the date on which the Term SOFR Transition occurs, which will be the date Lender determines in its sole discretion that the Term SOFR Transition will be operationally, administratively and technically feasible, provided that the Term SOFR Transition may occur only if such transition will not cause an Adverse Tax Event.

Term SOFR Transition Date means, with respect to a Term SOFR Transition Event, the date that is 30 days (or such later date the Lender may specify in the Term SOFR Notice) after the date the Term SOFR Notice is provided by the Lender to the Borrower pursuant to Section 5(D).

Term SOFR Transition Date has the meaning assigned to that term in Section 3.6.

Term SOFR Transition Date means, in the case of a Term RFR Transition Event with respect to SOFR, the Term RFR Transition Date with respect thereto.

Term SOFR Transition Date means, with respect to a Term SOFR Transition Event, the date that is thirty (30) days (or such later date as the Administrative Agent may specify in the Term SOFR Notice) after the date the Term SOFR Notice is provided by the Administrative Agent to the Lenders and the Administrative pursuant to Section 3.3(c)(vi). For the avoidance of doubt, this Section 3.03(c) shall apply solely to the Term Loan P and shall not apply to any Existing Term Loan.

Term SOFR Transition Date means the date on which the Buyer has made a determination that a Term SOFR Transition Event has occurred.

Term SOFR Transition Date means the date on which the Index transitions from Compounded SOFR to Term SOFR, which is the date Lender determines in its sole discretion that such transition is operationally, administratively and technically feasible, provided that the transition from Compounded SOFR to Term SOFR may occur only if such transition will not cause an Adverse Tax Event. If such date occurs before the Floating Rate Period begins, the Term SOFR Transition Date will be deemed to have occurred on the First Change Date and Compounded SOFR will not be considered in the calculation of the Variable Annual Interest Rate. Lender will provide Notice to Borrower of the Term SOFR Transition Date.