Common use of Term SOFR Rate Loans Clause in Contracts

Term SOFR Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of EurodollarAdjusted Term SOFR Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Nn Inc)

Term SOFR Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of EurodollarAdjusted Eurocurrency Rate Loans or Term SOFR Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.

Appears in 1 contract

Sources: Credit Agreement (Summit Materials, LLC)