Examples of Adjusted LIBOTerm SOFR Rate in a sentence

Damage to buildings in the public sector, Petrinja City Hall [CCEE, 2022].
The applicable Alternate Base Rate, Adjusted LIBOTerm SOFR Rate, LIBOTerm SOFR Rate, Adjusted EURIBOR Rate, XXXXXXX Xxxx, Adjusted XXXXX Xxxx, XXXXX Xxxx, Daily Simple XXXXX, Adjusted CDOR Rate and CDOR Rate, shall be determined by the Administrative Agent.
Each Xxxxxx agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBOTerm SOFR Rate.
The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of athe Adjusted LIBOTerm SOFR Rate.
The Loans comprising each EurodollarTerm Benchmark Borrowing shall(b) bear interest at the Adjusted LIBOTerm SOFR Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

More Definitions of Adjusted LIBOTerm SOFR Rate

Adjusted LIBOTerm SOFR Rate means, with respect to any Eurodollar Borrowing for any Interest Period (or, solely for purposes of clause (c) of the defined term “Alternate Base Rate”, for purposes of determining the Alternate Base Rate as of any date), an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (or such date, as applicable) multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10% per annum. Notwithstanding the foregoing, if the Adjusted LIBOTerm SOFR Rate as calculated in the immediately preceding sentence is less than zerothe Floor, then the Adjusted LIBOTerm SOFR Rate shall be deemed to be zeroequal to the Floor for the purposes of this Agreement.

Adjusted LIBOTerm SOFR Rate means, with respect to any LIBO Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of one percent) equal to the greater of (i) the product ofequal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate and (ii)(a) prior to the Amendment No. 7 Effective Date, 0.75% or (b) on and following the Amendment No. 7 Effective Date, 0.00% . At any time the Adjusted LIBO Rate is determined pursuant to clause (i) of the preceding sentence, the Adjusted LIBO Rate will be adjusted automatically as to all LIBO Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate, plus (b) 0.11448% (11.448 basis points) for an Interest Period of one-month’s duration, 0.26161% (26.161 basis points) for an Interest Period of three-months’ duration and 0.42826% (42.826 basis points) for an Interest Period of six-months’ duration; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Adjusted LIBOTerm SOFR Rate means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (provided that, solely for purposes of this clause (a), any, plus (b) (x) 0.11448% for an Interest Period of less than one-monthone (1) month, (y) 0.26161% for an Interest Period of three (3) months, and (z) 0.42826% for an Interest Period of six (6) months; provided that if the Adjusted Term SOFR Rate as so determined would be less than 0.00%, such rate shall be deemed to be one-month) multiplied by (b) the Statutory Reserve Rate0.00% for the purposes of this Agreement.

Adjusted LIBOTerm SOFR Rate means, with respect to any Eurodollar Borrowing for any Interest Period or for any ABR Borrowing, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “ Administrative Agent” means JPMorgan Chase Bank, N.A. in its capacity as administrative agent for the Lenders hereunder, and any successor administrative agent as provided in Article VIII. “ Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “ Affiliate” means, with respect to a specified 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. 1

Adjusted LIBOTerm SOFR Rate means, subject to Section 2.14, with respect to any Eurodollar Borrowing, for any Interest Period, aan interest rate per annum equal to the product of (ia) the LIBOTerm SOFR Rate as in effect at such time for such Interest Period and (ii) the Statutory Reserve Rate; provided that the Adjusted LIBO Rate for any Interest Period shall not: (A) with respect to the Term Loans, be less than 0.50% per annum and (B) with respect to the Revolving Loans, be less than 0.00% per annum. , plus (b) (w) 0.11448% in the case of an Interest Period of one month, (x) 0.26161% in the case of an Interest Period of three months, (y) 0.42826% in the case of an Interest Period of six months and (z) if applicable, 0.71513% in the case of an Interest Period of twelve months; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. “Administrative Agent” means JPMorgan, in its capacity as administrative agent hereunder and under the other Loan Documents, and its successors in such capacity as provided in Article VIII. “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. “Affected Class” has the meaning specified in Section 2.24(a). “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, with respect to a specified Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified.

Adjusted LIBOTerm SOFR Rate means, with respect to any Eurocurrency Borrowingshall mean, for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate, plus (b) 0.11448% (11.448 basis points) for an Interest Period of one month’s duration, 0.26161% (26.161 basis points) for an Interest Period of three months’ duration and 0.42826% (42.826 basis points) for an Interest Period of six months’ duration; provided that if the Adjusted Term SOFR Rate as so determined would be less than (x) with respect to Term B Loans, 0.50%, such rate shall be deemed to be 0.50% and (y) with respect to the Initial Revolving Loans, 0%, such rate shall be deemed to be 0%.

Adjusted LIBOTerm SOFR Rate means, with respect to any Eurocurrency Borrowing denominated in Dollars for any Interest Period (or, solely for purposes of clause (c) of the defined term “Alternate Base Rate”, for purposes of determining the Alternate Base Rate as of any date), an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBOTerm SOFR Rate for such Interest Period (or such date, as applicable) multiplied by (b) the Statutory Reserve Rate.plux (x) 0.00%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Adjusted LIBOTerm SOFR Rate definition

Filter & Search

Related Definitions