Common use of Term RFR Option Clause in Contracts

Term RFR Option. In the case of Term RFR Loans denominated in Sterling or Canadian Dollars, a rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Term RFR for such Currency as determined for each applicable Interest Period plus the Term RFR Adjustment plus the Applicable Margin..

Term RFR Option. In the case of Term RFR Loans denominated in Sterling or Canadian Dollars, a rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Term RFR for such Available Currency as determined for each applicable Interest Period plus the Term RFR Adjustment plus the Applicable Margin..; or