SOFR Determination Date definition
SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.
SOFR Determination Date means the date that is two SOFR Business Days before the first day of the applicable Interest Period.
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to (x) the Secured Overnight Financing Rate and (y) the Overnight Bank Funding Rate: (i) in the case of (x), the first Business Day immediately preceding such SOFR Reset Date; and (ii) in the case of (y), the first New York City Banking Day immediately preceding such SOFR Reset Date;
Examples of SOFR Determination Date in a sentence
The Owner Trustee shall not have any obligation to determine SOFR, 30-day average SOFR, any SOFR Determination Date, or any SOFR Business Day and shall have no liability for any such determinations made by the Trust Collateral Agent.
On each SOFR Determination Date, the Trust Collateral Agent shall notify the Servicer and the Issuer by e-mail of SOFR for the related Interest Period.
More Definitions of SOFR Determination Date
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to
SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR.” “SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR.” “Solvent” means, with respect to any Person, (i) the sum of such Person’s debt (including contingent liabilities) does not exceed the present fair saleable value of such Person’s present assets; (ii) such Person’s capital is not unreasonably small in relation to its business as contemplated on the Effective Date; and (iii) such Person has not incurred and does not intend to incur, or believe that it will incur, debts including current obligations beyond its ability to pay such debts as they become due (whether at maturity or otherwise). For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). “Specified Divestiture Transaction” means the potential sale, spin off or other disposition (including by merger) in whole, in part or in any series of transactions of the Borrower’s Family Dollar business, as disclosed on the Borrower’s Form 8-K furnished to the U.S. Securities and Exchange Commission on June 5, 2024. It is understood and agreed that whether any transaction constitutes the foregoing shall be conclusively determined by the Borrower in good faith. “Standby Letters of Credit” has the meaning specified in Section 2.01(c)(i). “Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or
SOFR Determination Date means the second U.S. Government Securities Business Day before each Interest Accrual Period begins.
SOFR Determination Date means, with respect to an Interest Period, the second U.S. Government Securities Business Day before the first day of such Interest Period.
SOFR Determination Date means, with respect to an Accrual Period, the second U.S. Government Securities Business Day before the first day of such Accrual Period.
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to (x) the Secured Overnight Financing Rate and (y) the Overnight Bank Funding Rate: (i) in the case of (x), the first U.S. Government Securities Business Day immediately preceding such SOFR Reset Date; and (ii) in the case of (y), the first New York City Banking Day immediately preceding such SOFR Reset Date;
SOFR Determination Date that is five (5) U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrowers.