Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator.
Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator. 1.1.181 “Term XXXXX Advance” – means an Advance in CDollars to which the Adjusted Term XXXXX is applicable. 1.1.182 “Term XXXXX Loan” – means at any given time during the term of this Agreement, the Loans, or that portion of the Loan, upon which interest is payable at the Adjusted Term XXXXX. 1.1.183 “Term XXXXX Loan Portion” – means the amount of the Term XXXXX Loan, or any portion of the Term XXXXX Loan, in respect of which a Borrower has selected an Interest Period commencing on the same date and having the same duration. 1.1.184 “Term XXXXX Reference Rate” – means the forward looking term rate based on XXXXX. 1.1.185 “Term SOFR” – means, for the applicable Interest Period, the Term SOFR Reference Rate on the day (such day, the “Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business days prior to, in the case of SOFR Advances, the first day of such applicable Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for such applicable Interest Period has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business days prior to such Term SOFR Determination Day, provided, that if Term SOFR determined as provided above shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor. 1.1.186 “Term SOFR Administrator” – means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion). 1.1.187 “Term SOFR Reference Rate” – means the per annum forward-looking term rate based on SOFR. 1.1.188 “Total Commitment” – means, at any time, the aggregate of the amounts set opposite each Lender’s name in Schedule 1.1.188 representing the respective portion of the Total Commitment of each Lender, less a...
Term XXXXX Administrator. CanDeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator of the Term XXXXX Reference Rate selected by the Multicurrency Administrative Agent. “Term XXXXX Loans”: any Loan bearing interest at a rate based on Term XXXXX.
More Definitions of Term XXXXX Administrator
Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator. "Term XXXXX Determination Date" means, with respect to each Calculation Period, the day that is two (2) Business Days prior to the first day of such Calculation Period. "Term XXXXX Reference Rate" the forward-looking term rate based on XXXXX. "Term SOFR Rate" means, for each Calculation Period relating to an Advance denominated in USD, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two (2) Business Days prior to the commencement of such Calculation Period for rates with a tenor of three months, as such rate is published by the CME Term SOFR Administrator. "Term SOFR Reference Rate" means, for any day and time (such day, the "Term SOFR Determination Day"), for each Calculation Period relating to an Advance denominated in USD, the rate per annum determined by the Administrative Agent as the forward-looking term rate based on SOFR; provided that if the Term SOFR Reference Rate as so determined would be less than 0%, such rate shall be deemed to be 0% for the purposes of this Agreement. If by 5:00 pm (Central Standard time) on the fifth (5th) Business Day immediately following any Term SOFR Determination Day, the "Term SOFR Reference Rate" for the applicable tenor has not been published by the CME Term SOFR Administrator, then the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding Business Day is not more than five (5) Business Days prior to such Term SOFR Determination Day. "Third Amendment Effective Date Letter" means the Third Amendment Effective Date Letter, dated as of June 4, 2024, by and between the Administrative Agent and the Company. "Trade Date" has the meaning set forth in Section 1.03. "Transaction Schedule" has the meaning set forth in the introductory section of this Agreement. "UCC" means the Uniform Commercial Code in effect in the State of New York.
Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator. (247) (229) “Term XXXXX Loan” means any Loan made hereunder that bears interest at a rate based on Adjusted Term XXXXX. (248) (230) “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. (249) (231) “Termination Date” means March 18, 2027, as extended from time to time hereunder. CREDIT AGREEMENT LEGAL_43503785.7 (250) (232) “Threshold Amount” means (a) with respect to the Master LP Obligors, $10,000,000 calculated on an aggregate basis for all Master LP Obligors, and (b) with respect to the Lithia Canada Dealers, $500,000 calculated on an aggregate basis for all the Lithia Canada Dealers. (251) (233) “Unadjusted Canadian Benchmark Replacement” means the applicable Canadian Benchmark Replacement excluding the related Canadian Benchmark Replacement Adjustment. (252) (234) “Used Leased Unit” means a reconditioned passenger car or Light Duty Truck, motorcycle or boat listed in the current Canadian Black Book (current plus up to eight previous model year units) for domestic lease by the applicable Borrower as lessor to third party lessees with: (a) an odometer reading of 150,000 km or less; and (b) a Canadian Black Book Value or acquisition cost (net of HST) of at least $7,500; or (c) as otherwise approved by the Administrative Agent. (253) (235) “Used Motor Vehicles” means reconditioned used passenger cars, motorcycles and Light Duty Trucks for domestic sale. (254) (236) “Used Vehicle Flooring Borrowers” means, collectively, Master Borrower and each other Used Vehicle Flooring Borrower that may be added from time to time pursuant to a Joinder Agreement, and their successors and permitted assigns, and “Used Vehicle Flooring Borrower” means any one of them. (255) (237) “Used Vehicle Flooring Borrowing Base” means, as of any date of determination, an amount equal to eighty-five percent (85%) of the sum, without duplication, of the following: (a) the net book value of Used Motor Vehicles of Master Borrower and any other Borrowers which are Eligible Used Motor Vehicles (net of GST / HST), minus (b) the aggregate outstanding principal amount of any indebtedness or obligation to any Person (other than the obligations to the Administrative Agent and Lenders under the Loan Documents) which is secured by such Eligible Used Motor Vehicles, including but not limited to amounts owing to holders of any Lien in a Used Motor Vehicle at the time it is trade...
Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator. “Term XXXXX Determination Date” means, with respect to each Accrual Period, the day that is two (2) Business Days prior to the first day of such Accrual Period. “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term SOFR”: With respect to any Advance denominated in Dollars for any day during an Accrual Period, the Term SOFR Reference Rate for a tenor of one month on such day, as such rate is published by the Term SOFR Administrator at 6:00 a.m. on the Term SOFR Determination Date for such Accrual Period; provided, however, that if as of 5:00 p.m. on the Term SOFR BUSINESS.32224493.
Term XXXXX Administrator means Candeal Benchmark Administration Services Inc., TSX Inc., or any successor administrator. “Term XXXXX Rate Loan” means a Loan that bears interest based on Adjusted Term XXXXX. “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term Loan” means the Initial Term Loans, Incremental Term Loans, Extended Term Loans and Refinancing Term Loans, to the extent not otherwise indicated and as the context may require. “Term Loan Commitment” means, as to each Lender, its obligation to make a Term Loan to a Borrower hereunder (including any Initial Term Loan Commitment), expressed as an amount representing the maximum principal amount of the Term Loans to be made by such Lender under this Agreement, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to (i) assignments by or to such Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment or (iii) an Extension and (c) increased from time to time pursuant to an Incremental Amendment. “Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan
Term XXXXX Administrator means Candeal Benchmark Administration Services, Inc., TSX Inc. or any successor administrator. “Term XXXXX Loan” means a Loan bearing interest at a rate based on Term XXXXX (other than a Canadian Base Rate Loan). “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term XXXXX Successor Amendment” has the meaning specified in Section 2.15. “Term XXXXX Successor Rate” has the meaning specified in Section 2.15. “Term XXXXX Successor Rate Conforming Changes” means, with respect to any proposed Term XXXXX Successor Rate, any conforming changes to the definition of Term XXXXX or the applicable period or provisions herein relating to the timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable discretion of Agent, to reflect the adoption of such Term XXXXX Successor Rate and to permit the administration thereof by Agent in a manner substantially consistent with market practice (or, if Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such Term XXXXX Successor Rate exists, in such other manner of administration as Agent reasonably determines in consultation with Parent Borrower). “Term SOFR” means,
Term XXXXX Administrator means Candeal Benchmark Administration Services, Inc., TSX Inc., or any successor administrator of the Term XXXXX Reference Rate selected by the Administrative Agent in its reasonable discretion. “Term XXXXX Credit Adjustment Spread” means, with respect to Term Benchmark Loans denominated in Canadian Dollars, (a) with an Interest Period of one month, 0.29547% and (b) with an Interest Period of three months, 0.32138%. “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term Loan” means a loan made by a Term Loan Lender to the Borrower under the Initial Term Loan Facility or any Incremental Term Loan Facility. “Term Loan Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type, Class and Currency and, in the case of Term Benchmark Loans, having the same Interest Period made by the applicable Term Loan Lenders. “Term Loan Commitment” means the Initial Term Loan Commitment or an Incremental Term Loan Commitment, as the context may require. 62 Revolving Credit and Term Loan Agreement