Common use of Term SOFR Loans Clause in Contracts

Term SOFR Loans. The Loans comprising each Term SOFR Borrowing shall bear interest at Adjusted Term SOFR plus the Applicable Margin in effect from time to time, but in no event to exceed the Highest Lawful Rate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

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Term SOFR Loans. The Loans comprising each Term SOFR Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Syndicated Term SOFR Borrowing, the Adjusted Term SOFR for the Interest Period for such Borrowing plus the Applicable Rate, or (ii) in the case of a Competitive Term SOFR Borrowing, the Adjusted Term SOFR for the Interest Period for such Borrowing plus (or minus, as applicable) the Margin in effect from time applicable to time, but in no event to exceed the Highest Lawful Ratesuch Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Best Buy Co Inc)

Term SOFR Loans. The Loans comprising each Term SOFR Borrowing shall bear interest at the Adjusted Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to timeMargin, but in no event to exceed the Highest Lawful Rate.

Appears in 1 contract

Samples: Senior Secured First Lien Term Loan Credit Agreement (Clean Energy Fuels Corp.)

Term SOFR Loans. The Subject to the provisions of Section 2.06(e), the Loans comprising each Term SOFR Borrowing shall bear interest at Adjusted a rate per annum equal to the Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time, but in no event to exceed the Highest Lawful Rate.

Appears in 1 contract

Samples: Credit Agreement (Ping Identity Holding Corp.)

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Term SOFR Loans. The Subject to the provisions of Section 2.06(c), the Loans comprising each Term SOFR Borrowing shall bear interest at Adjusted a rate per annum equal to Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time, but in no event to exceed the Highest Lawful Rate.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (PBF Holding Co LLC)

Term SOFR Loans. The Loans comprising each Term SOFR Borrowing shall bear interest at Adjusted Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to timeTerm SOFR Margin, but in no event to exceed the Highest Lawful Rate.

Appears in 1 contract

Samples: Day Bridge Term Loan Agreement (Sitio Royalties Corp.)

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