RFR definition

RFR when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, bearing interest at a rate determined by reference to Daily Simple RFR.

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RFR means the rate specified as such in the Reference Rate Terms.

RFR means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Pounds ▇▇▇▇▇▇▇▇, ▇▇▇▇▇, and (b) Japanese Yen, TONAR.

Examples of RFR in a sentence

• Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Term Benchmark Loan or RFR Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

• Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request (or to elect to convert to or continue as a Term Benchmark Borrowing or RFR Borrowing) any Borrowing if the Interest Period requested therefor would end after the Maturity Date.

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, Daily Simple SOFR, the Term SOFR Index Rate, Term SOFR, Term ▇▇▇▇▇, the Adjusted EURIBO Rate, the AUD Rate, the HKIBOR Rate, the NIBOR Rate, the ▇▇▇▇▇ ▇▇▇▇ or 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.

• If no election as to the Type or Currency of a Borrowing is specified in a Borrowing Request, then the requested Borrowing shall be an Index Rate Borrowing and, if an Agreed Foreign Currency has been specified, the requested Borrowing shall be a Term Benchmark Borrowing or RFR Borrowing, as applicable denominated in such Agreed Foreign Currency and having an Interest Period of one (1) month.

• Subject to Section 2.13, each Borrowing of a Class shall be constituted entirely of ABR Loans, of Index Rate Loans, of RFR Loans or of Term Benchmark Loans of such Class denominated in a single Currency as the Borrower may request in accordance herewith.

More Definitions of RFR

RFR. The secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate).

RFR means the rate specified as such in the applicable Reference Rate Terms.

RFR means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Dollars, on and after the USD LIBOR Transition Date, SOFR and (b) ▇▇▇▇▇▇▇▇, ▇▇▇▇▇.

RFR means, for any Obligations, interest, fees, commissions or other amounts denominated in Dollars, SOFR.

RFR means, for any Obligations consisting of any interest, fees or other amounts denominated in ▇▇▇▇▇▇▇▇, ▇▇▇▇▇.

RFR means, for any RFR Loan denominated in Dollars, Daily Simple SOFR.

RFR means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Dollars, Adjusted Term SOFR and (b) Sterling, Adjusted Daily Simple ▇▇▇▇▇.