SOFR Margin has the meaning set forth in the definition of Applicable Margin.
SOFR Margin means the Revolving Loan SOFR Margin.
SOFR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).
Examples of SOFR Margin in a sentence
Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the SOFR Margin times the average amount of the Letter of Credit Usage during the immediately preceding quarter (or if an Event of Default has occurred, month).
More Definitions of SOFR Margin
SOFR Margin means, in respect of a SOFR Loan, or portion thereof outstanding on or after the Effective Date, the SOFR Margin described in the definition of Applicable Margin.
SOFR Margin means 1.70%.
SOFR Margin means the Applicable Margin for SOFR Advances.
SOFR Margin means, at any time, a percentage rate per annum determined in accordance with the Pricing Schedule.
SOFR Margin means, for any day, the applicable rate per annum set forth on Schedule A under the caption “SOFR Margin” based upon the Applicable Rating Level applicable on such date. Each change in the SOFR Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. Changes in the SOFR Margin will occur automatically without prior notice.
SOFR Margin means 2.80 percentage points.
SOFR Margin means that percentage located in the column captioned “Applicable Margin for SOFR Loans” within the definition of “Applicable Rate” above.