Interpolated SOFR definition
Interpolated SOFR means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) a forward-looking term rate based on SOFR for the longest period (for which SOFR is available) that is shorter than the Corresponding Tenor and (2) a forward-looking term rate based on SOFR for the shortest period (for which SOFR is available) that is longer than the Corresponding Tenor.
Interpolated SOFR means, at any time, for any Interest Period, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) Term SOFR for the longest period (for which Term SOFR is available) that is shorter than the Impacted SOFR Interest Period; and (b) Term SOFR for the shortest period (for which Term SOFR is available) that exceeds the Impacted SOFR Interest Period, in each case, at such time.
Interpolated SOFR means, at any time, for any Interest Period, the rate per annum determined by the Administrative Agent to be equal to the rate that results from interpolating on a linear basis between:
More Definitions of Interpolated SOFR
Interpolated SOFR means, at any time, for any Interest Period, the rate per annum determined by the Lender to be equal to the rate that results from interpolating on a linear basis between: (a) Term SOFR for the longest period (for which Term SOFR is available) that is shorter than the Impacted SOFR Interest