Common use of Term SOFR Rate Option Clause in Contracts

Term SOFR Rate Option. A rate of interest per annum equal to the sum of (A) the Term SOFR Rate (as defined below) plus (B) 1.25%, for the applicable Term SOFR Interest Period (as defined below). The Borrower may select different Options to apply simultaneously to different portions of the advances and may select up to eight (8) different interest periods to apply simultaneously to different portions of the advances bearing interest under the Term SOFR Rate Option.

Term SOFR Rate Option. A rate of interest per annum equal to the sum of (A) the Term SOFR Rate (as defined below) plus (B) 1.251.00%, for the applicable Term SOFR Interest Period (as defined below). The Borrower may select different Options to apply simultaneously to different portions of the advances and may select up to eight ten (8) 10) different interest periods to apply simultaneously to different portions of the advances bearing interest under the Term SOFR Rate Option.

Term SOFR Rate Option. A rate of interest per annum equal to the sum of (A) the Term SOFR Rate (as defined below) plus (B) 1.25%, the Term SOFR Rate Spread (as defined below) for the applicable Term SOFR Interest Period (as defined below). The Borrower may select different Options to apply simultaneously to different portions of the advances and may select up to eight (8) different interest periods to apply simultaneously to different portions of the advances bearing interest under the Term SOFR Rate Option.