Adjusted Term SOFR. for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the zero percent (0%), then Adjusted Term SOFR shall be deemed to be zero percent (0%).
Appears in 1 contract
Sources: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Adjusted Term SOFR. for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the zero percent (0%), then Adjusted Term SOFR shall be deemed to be zero percent (0%). Affiliate: with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.
Appears in 1 contract
Sources: Loan and Security Agreement (Vintage Wine Estates, Inc.)
Adjusted Term SOFR. for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation calculation, plus (b) the Term SOFR Adjustment; provided that if . In no event shall Adjusted Term SOFR as so determined shall ever be equal less than the zero percent (0%), then Adjusted Term SOFR shall be deemed to be zero percent (0%)Floor.
Appears in 1 contract
Sources: Loan, Security and Guarantee Agreement (GEE Group Inc.)
Adjusted Term SOFR. for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation calculation, plus (b) the Term SOFR Adjustment; provided provided, that if Adjusted Term SOFR as so determined shall ever be less than the zero percent (0%)Floor, then Adjusted Term SOFR shall be deemed to be zero percent (0%)the Floor.
Appears in 1 contract