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

All computations of interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate and each RFR Advance denominated in Sterling, which shall be based on a year consisting of 365 or 366 days) for the actual number of days elapsed.
The Loans comprising each RFR Borrowing shall bear interest at a rate per annum equal to the Daily Simple SOFR plus the Applicable Rate.
If any Funding Notice is received by the Administrative Agent after 11:00 a.m. or on a day that is not a Business Day, an RFR Business Day or a Eurocurrency Banking Day, as applicable, such Funding Notice shall be deemed to be received by the Administrative Agent at 9:00 a.m. on the next Business Day, an RFR Business Day or a Eurocurrency Banking Day, as applicable.
If no election is received with respect to an Advance that bears interest at Term SOFR by no later than 12:00 p.m. on the third (3rd) U.S. Government Securities Business Day prior to the end of the Interest Period with respect thereto, such Loan shall be converted to a Loan that bears interest at Adjusted Daily Simple RFR at the end of its Interest Period.
Any prepayment of Advances Outstanding under this Section 2.3(a) shall be applied first to the Advances that bear interest at the Base Rate and then, ratably, to RFR Advances and Eurocurrency Rate Advances and in the case of Term RFR Advances and Eurocurrency Rate Advances, in the direct order of Interest Period maturities.

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, 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 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 ▇▇▇▇▇.

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

RFR means, for any RFR Loan denominated in ▇▇▇▇▇▇▇▇, ▇▇▇▇▇.