Secured Overnight Financing Rate definition

Secured Overnight Financing Rate means the daily secured overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website.

Secured Overnight Financing Rate or “SOFR” means, with respect to any U.S. Government Securities Business Day:

Secured Overnight Financing Rate. The secured overnight financing rate published by the FRBNY on the FRBNY’s Website.

Examples of Secured Overnight Financing Rate in a sentence

• These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) or the Secured Overnight Financing Rate (“SOFR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”).

• These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”) (or the London Interbank Offered Rate (“LIBOR”) for those loans whose rates reset prior to the discontinuance of LIBOR on June 30, 2023) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”).

• These base lending rates are generally (i) the Prime Rate offered by one or more major United States banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate ("LIBOR"), (iii) the Certificate of Deposit rate, or (iv) Secured Overnight Financing Rate ("SOFR").

• REIT Real Estate Investment Trust SOFR Secured Overnight Financing Rate Abbreviations indicate amounts shown in currencies other than the U.S. dollar.

• LIBOR London Interbank Offered Rate REIT Real Estate Investment Trust SOFR Secured Overnight Financing Rate Abbreviations indicate amounts shown in currencies other than the U.S. dollar.

More Definitions of Secured Overnight Financing Rate

Secured Overnight Financing Rate means the Secured Overnight Financing Rate (SOFR) published each Business Day by the Federal Reserve Bank of New York.

Secured Overnight Financing Rate means the Reference Rate provided by the FRBNY, as the administrator of such Reference Rate (or a successor administrator) on the FRBNY’s Website.

Secured Overnight Financing Rate or “SOFR” means the daily secured overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website.

Secured Overnight Financing Rate or "SOFR" means:

Secured Overnight Financing Rate means the Reference Rate provided by the Federal Reserve Bank of New York, as the administrator of such Reference Rate (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

Secured Overnight Financing Rate means the “secured overnight financing rate” which from time to time published in the “Money Rates” column of The Wall Street Journal (Eastern Edition, New York Metro); provided, however, if the Money Rates column of The Wall Street Journal (Eastern Edition, New York Metro) ceases to be published or otherwise does not designate a “secured overnight financing rate” as of a Business Day, the Holder has the right to obtain such information from a similar business publication of its selection.

Secured Overnight Financing Rate means the daily secured overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website.The following procedure will be followed if Compounded SOFR cannot be determined as described above:If the Company or its designee determine on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to this Security in respect of all determinations on such date and for all determinations on all subsequent dates.In connection with the implementation of a Benchmark Replacement, the Company or its designee will have the right to make Benchmark Replacement Conforming Changes from time to time.Any determination, decision or election that may be made by the Company or its designee, including a determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection: