SOFR Adjustment definition
SOFR Adjustment means 0.10% (10 basis points).
SOFR Adjustment means: (a) with respect to Daily Simple SOFR, 0.10% (10 basis points); and (b) with respect to Term SOFR, (i) 0.10% (10 basis points) for an Interest Period of one month’s duration, (ii) 0.10% (10 basis points) for an Interest Period of three months’ duration, and (iii) 0.10% (10 basis points) for an Interest Period of six months’ duration.
SOFR Adjustment with respect to Daily Simple SOFR means 0.11448% (11.448 basis points); and with respect to Term SOFR means 0.11448% (11.448 basis points) for an interest period of one-month’s duration, 0.26161% (26.161 basis points;) for an interest period of three-month’s duration, 0.42826% (42.826 basis points) for an interest period of six-months’ duration, and 0.71513% (71.513 basis points) for an interest period of twelve–months’ duration.
Examples of SOFR Adjustment in a sentence
If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis.
For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Agreement may be retroactive (including retroactive to the Benchmark Replacement Date) and this Agreement may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.
More Definitions of SOFR Adjustment
SOFR Adjustment means 0.10% per annum.
SOFR Adjustment with respect to Daily Simple SOFR means 0.10% (10.0 basis points); and with respect to Term SOFR means 0.10% (10.0 basis points) for an Interest Period of one-month’s duration, 0.10% (10.0 basis points) for an Interest Period of three-month’s duration and 0.10% (10.0 basis points) for an Interest Period of six-month’s duration.
SOFR Adjustment with respect to Term SOFR means 0.10% (10 basis points).
SOFR Adjustment means, with respect to Term SOFR or Daily Simple SOFR, 0.10% per annum.
SOFR Adjustment with respect to Daily Simple SOFR means 0.10% (10 basis points); with respect to Daily SOFR means 0.10% (10 basis points); and with respect to Term SOFR means 0.10% (10 basis points).
SOFR Adjustment. 0.11448% per annum.
SOFR Adjustment means the following: 7 basis points (0.07%) For a one (1) month Interest Period 12 basis points (0.12%) For a three (3) month Interest Period 17 basis points (0.17%) For a six (6) month Interest Period