Rate Conversion Effective Date definition
Rate Conversion Effective Date. Defined in Section 12.01(a).
Rate Conversion Effective Date. Defined in Section 12.01(a). “Rating Agency” or “Rating Agencies”: Each of Fitch, Moody’s and S&P. “Register”: Defined in Section 18.07(f).
Rate Conversion Effective Date means the date on which a One-Month LIBOR Transaction is converted to a Term SOFR Transaction or a Term SOFR Transaction is converted to an Alternate Rate Transaction.
Examples of Rate Conversion Effective Date in a sentence
No more than one Fixed Rate Conversion Notice may be outstanding at any time and, from and after the Fixed Rate Conversion Effective Date for any Tranche B-3 Term Loans, no further Fixed Rate Conversion Notices may be given for the remaining Tranche B-3 Term Loans.
If the Fixed Rate Tranche B-3 Term Loans shall be less than all outstanding Tranche B-3 Term Loans, each Tranche B-3 Term Lender shall (from and after the Fixed Rate Conversion Effective Date) be deemed to hold its ratable share of the Fixed Rate Tranche B-3 Term Loans and remaining Tranche B-3 Term Loans according to its Pro Rata Share.
More Definitions of Rate Conversion Effective Date
Rate Conversion Effective Date. Defined in Section 12.01(a). “SOFR Adjustment”: 0.11448% per annum.