Adjusted Term SOFR definition

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

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Adjusted Term SOFR means, for any Interest Period, an interest rate per annum equal to (a) Term SOFR for such Interest Period, plus (b) 0.10%; provided that if Adjusted Term SOFR 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 Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) 0.10%; provided if Adjusted Term SOFR is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

Examples of Adjusted Term SOFR in a sentence

The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of Alternate Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
The applicable Adjusted Daily Simple SOFR Rate, Adjusted Term SOFR Rate, Alternate Base Rate, or Daily Simple SOFR for each Interest Period or day within an Interest Period, as the case may be, shall be determined by JPMorgan Chase, and such determination shall be conclusive absent manifest error; provided that JPMorgan Chase shall, upon request, promptly provide to the Borrower a certificate setting forth in reasonable detail the basis for such determination.
If any Change in Law shall make it unlawful or impossible for any Lender to make, maintain, or fund its EurodollarSOFR Advances or to determine or charge interest rates based upon SOFR, the Term SOFR Reference Rate, Adjusted Term SOFR or Term SOFR and such Lender shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice thereof to the other Lenders and the Administrative Borrower.
The applicable Adjusted Daily Simple SOFR Rate, Adjusted Term SOFR Rate, Alternate Base Rate, Daily Simple SOFR or SOFR Market Index Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by ▇▇▇▇▇ Fargo Bank, and such determination shall be conclusive absent manifest error; provided that ▇▇▇▇▇ Fargo Bank shall, upon request, promptly provide to the Borrower a certificate setting forth in reasonable detail the basis for such determination.
During such periods as Revolving Loans shall be comprised of SOFR Loans, each such SOFR Loan shall bear interest at a per annum rate equal to the sum of Adjusted Term SOFR plus the Applicable Margin.

More Definitions of Adjusted Term SOFR

Adjusted Term SOFR means for any Available Tenor and Interest Period with respect to a SOFR Loan, the greater of (1) sum of (a) Term SOFR for such Interest Period and (b) the applicable SOFR Index Adjustment and (2) the Floor.

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to Term SOFR for such calculation; provided, that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (i) Term SOFR for such calculation plus (ii) (a) in the case of Borrowings of Revolving Credit Loans and Term A Loans, 0.10% and (b) in the case of other Borrowings, the adjustment as set forth in the applicable Incremental Term Supplement or Extension Amendment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus

Adjusted Term SOFR means, as to any Borrowing denominated in Dollars for any Interest Period, an interest rate per annum equal to Term SOFR plus the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be equal to the Floor for purposes of this Agreement and the other Loan Documents.

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) the Term SOFR for such calculation plus (b) 0.11%; provided, that if Adjusted Term SOFR as so determined shall ever be less than zero, then Adjusted Term SOFR shall be deemed to be zero.

Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than zero, then Adjusted Term SOFR shall be deemed to be zero.