Adjusted Term SOFR Borrowing definition

Adjusted Term SOFR Borrowing means, as to any Borrowing, the Adjusted Term SOFR Loans comprising such Borrowing.
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Examples of Adjusted Term SOFR Borrowing in a sentence

  • Subject to Section 2.03(d), the Loans constituting each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of an Adjusted Term SOFR Borrowing, shall have the Interest Period specified in such Borrowing Request.

  • Thereafter, subject to Section 2.06(e), the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of an Adjusted Term SOFR Borrowing, may elect the Interest Period therefor, all as provided in this Section.

  • If the Borrower fails to deliver a timely and complete Interest Election Request with respect to an Adjusted Term SOFR Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an Adjusted Term SOFR Borrowing having an Interest Period of one (1) month.

  • Banks cannot focus on social justice as they are delaying with other’s money and are answerable to the depositor and investors.

  • Thereafter, the Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of an Adjusted Eurocurrency Rate Borrowing or Adjusted Term SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • The reasons given were as follows: the company's location (Northern Thuringia, where an above-average number of bankruptcies have occurred since German unification), the specific character of the fixed assets (in the event of insolvency, a private investor must be found to take over the assets) and bank practice with regard to the valuation of food stocks.

  • A permanent employee who is promoted shall be evaluated at two (2) months and five (5) months.

  • If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrencyan Adjusted Term SOFR Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrencyan Adjusted Term SOFR Borrowing having an Interest Period of one (1) month.

  • Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request any Adjusted Term SOFR Borrowing (or to elect to convert to or continue as an Adjusted Term SOFR Borrowing) any Borrowing if the Interest Period requested therefor would end after the Statedapplicable Maturity Date; provided that any request that would extend past the Non-Extended Maturity Date may only be made with respect to the portion of the Adjusted Term SOFR Borrowing held by the Extending Lenders.

  • If a Eurocurrencyan Adjusted Term SOFR Borrowing is requested but no Interest Period is specified, the Borrower shall be deemed to have selected an Interest Period of one (1) month.

Related to Adjusted Term SOFR Borrowing

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, 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.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Tranche B Term Loan as defined in Section 2.1.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • 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.

  • New Term Loans as defined in Section 2.24.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.