SOFR Spread definition

SOFR Spread means 0.10% per annum.
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SOFR Spread means 0.11448% per annum.
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SOFR Spread means 0.10% per annum. “Solar Receivable” means all indebtedness and other obligations of any obligor, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with the installation of on-site solar PV and the purchase of electricity generated by on-site solar PV systems. “Solvent” means, with respect to any Person and as of any particular date, (i) the fair value of the assets of such Person, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of such Person; (ii) the present fair saleable value of the property of such Person will be greater than the amount that will be required to pay the probable liabilities of such Person on its debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) such Person will be able to pay its debts and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) such Person will not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses are currently conducted and are proposed to be conducted. “Subject Obligor” means each Obligor set forth on Exhibit E hereto.
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Examples of SOFR Spread in a sentence

  • It is further understood and agreed that the Term SOFR Spread and Daily SOFR Spread and the Base Rate Spread will never be reduced by more than 0.02% in the aggregate pursuant to the Sustainability Margin Adjustment during any calendar year.

  • Subject to the Subordination Provisions, interest shall accrue on the aggregate unpaid principal amount of this Note outstanding on each day at a variable rate determined to be a fair market rate from time to time by and between Buyer and Outernet, with Exhibit 2.2, Page 1 reference to market conditions, which rate shall in no instance be lower than the sum of 1%, plus Term SOFR plus the SOFR Spread.

  • Subject to the Subordination Provisions, interest shall accrue on the aggregate unpaid principal amount of this Note outstanding on each day at a variable rate determined to be a fair market rate from time to time by and between Buyer and Company, with reference to market conditions, which rate shall in no instance be lower than the sum of 1%, plus Term SOFR plus the SOFR Spread.

  • The BMO Credit agreement requires monthly interest payments at either the Adjusted Term ▇▇▇▇▇ or Adjusted Term SOFR Spread plus 3.4% per annum, or the Bank of Montreal prime loan rate plus 1.9% per annum.

  • In the event the Debt Ratings from the Rating Agencies are not equivalent, the Base Rate Spread (bps) and the Term SOFR Spread (bps) will be determined (i) based on the higher of the two Debt Ratings if the lower Debt Rating is no more than one level lower than the higher Debt Rating, and (ii) based on the level that is one rating level higher than the lower Debt Rating if the lower Debt Rating is more than one level lower than the higher Debt Rating.

  • It is further understood and agreed that the Applicable Rate (with respect to the Term SOFR Spread (including for purposes of the participation fee with respect to Letters of Credit) and the ABR Spread) will never be reduced or increased by more than 0.05% and the Commitment Fee Rate will never be reduced or increased by more than 0.01%, in each case pursuant to the Sustainability Rate Adjustment or the Sustainability Fee Adjustment, as applicable, during any Fiscal Year.

  • Subject to the Subordination Provisions, interest shall accrue on the aggregate unpaid principal amount of this Note outstanding on each day at a variable rate determined to be a fair market rate from time to time by and between Buyer and Outernet, with reference to market conditions, which rate shall in no instance be lower than the sum of 1%, plus Term SOFR plus the SOFR Spread.

  • As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “Adjusted Term SOFR” means at any time of determination and for any applicable Interest Period, Term SOFR plus the applicable SOFR Spread Adjustment.

  • Adjustments in the Base Rate Spread (bps) for Base Rate Loans and Term SOFR Spread (bps) for Term SOFR Loans based upon a change in a Debt Rating level shall be effective on the first day following the change in such Debt Rating.

  • The BMO Credit agreement requires monthly interest payments at either the Adjusted Term ▇▇▇▇▇ or Adjusted Term SOFR Spread plus 3.4% per annum, or the Bank of Montreal Canadian dollar prime rate or U.S. dollar base rate margin plus 1.9% per annum.


More Definitions of SOFR Spread

SOFR Spread means 0.10% per annum. “Solvent” means, with respect to any Person and as of any particular date, (i) the fair value of the assets of such Person, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of such Person; (ii) the present fair saleable value of the property of such Person will be greater than the amount that will be required to pay the probable liabilities of such Person on its debts and other liabilities, direct, subordinated, contingent or
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