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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Adjusted Term SOFR Borrowing means, as to any Borrowing, the Adjusted Term SOFR Loans comprising such Borrowing. “Adjusted Term SOFR Loan” means a Loan that bears interest at a rate based on Adjusted Term SOFR, in each case, other than pursuant to clause (c) of the definition of “Alternate Base Rate”. “Administrative Agent” has the meaning assigned to such term in the preamble to this Agreement. “Administrative Agent’s Account” means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Advance Rate” has the meaning assigned to such term in Section 5.13. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 2

Adjusted Term SOFR Borrowing means, as to any Borrowing, the Adjusted Term SOFR Loans comprising such Borrowing. “Adjusted Term SOFR Loan” means a Loan that bears interest at a rate based on Adjusted Term SOFR, in each case, other than pursuant to clause (c) of the definition of “Alternate Base Rate”. “Administrative Agent” has the meaning assigned to such term in the preamble to this Agreement. “Administrative Agent’s Account” means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders. “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. “Advance Rate” has the meaning assigned to such term in Section 5.13. “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. Anything herein to the contrary notwithstanding, the term “Affiliate” of an Obligor shall not include any Person that constitutes a Portfolio Investment

Examples of Adjusted Term SOFR Borrowing in a sentence

• Notwithstanding anything to the contrary herein, if an Event of Default exists and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as such Event of Default exists (i) no outstanding Borrowing may be converted to or continued as an Adjusted Term SOFR Borrowing and (ii) unless repaid, each Adjusted Term SOFR Borrowing shall be converted to an ABR Borrowing at the end of the then-current Interest Period applicable thereto.

• 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 Term SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

• If no Interest Period is specified with respect to any Adjusted Term SOFR Borrowing then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

• 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.

• The Administrative Agent shall advise each Lender of the details and amount of any Loan to be made as part of the requested Borrowing (i) in the case of any ABR Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section or (ii) in the case of any Adjusted Term SOFR Borrowing, no later than one (1) Business Day following receipt of a Borrowing Request in accordance with 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.

• 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.

• If an Adjusted Term SOFR Borrowing is requested but no Interest Period is specified, the requested Borrowing shall be an Adjusted Term SOFR Borrowing having an Interest Period of one (1) month.

• Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, (i) any Adjusted Term SOFR Borrowing shall, at the end of the applicable Interest Period for such Adjusted Term SOFR Borrowing, be automatically converted to an ABR Borrowing and (ii) the Borrower shall not be entitled to elect to convert or continue any Borrowing into a SOFR Borrowing.

• 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 applicable 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.

More Definitions of Adjusted Term SOFR Borrowing

Adjusted Term SOFR Borrowing means, as to any Borrowing, the Adjusted Term SOFR Loans comprising such

Adjusted Term SOFR Borrowing means a Borrowing consisting of Adjusted Term SOFR Advances. “Adjusted Term SOFR Reference Rate” means, for purposes of any calculation, the rate per annum equal to (a) the Term SOFR Reference Rate for such calculation plus (b) the Term SOFR Adjustment; provided, that if the Adjusted Term SOFR Reference Rate as so determined shall ever be less than the Floor, then the Adjusted Term SOFR Reference Rate shall be deemed to be the Floor. “Administrative Agent” means Huntington, in its capacity as administrative agent under this Agreement and any of the other Loan Documents, or any successor agent. “Administrative Agent’s Letter Agreement” means that certain fee letter, dated as of March 24, 2025, among the Borrower, the Administrative Agent and the Lead Arranger relating to the terms of this Agreement, and certain fees from time to time payable by the Borrower to the Administrative Agent, together with all amendments and modifications thereto. If there is any conflict between the provisions of this Agreement and the provisions of the Administrative Agent’s Letter Agreement, the provisions of this Agreement will control. “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. “Advances” means collectively the Revolver Advances and the Swing Advances. “Advance” means any one of such Advances, as the context may require. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” of any Person means (i) any other Person which directly, or indirectly through one or more intermediaries, controls such Person, (ii) any other Person which directly, or indirectly through one or more intermediaries, is controlled by or is under common control with such Person, or (iii) with respect only to the Borrower, “Affiliate” shall include any Person which owns, directly or indirectly, 10% or more of the Capital Securities of the Borrower or any Subsidiary or any Person of which the Borrower and its Subsidiaries own, directly or indirectly, 10% or more of the Capital Securities. As used herein, the term “control” means possession, directly or indirectly, of