Term Benchmark Loan means a Loan that bears interest at a rate based on the Adjusted Term SOFR Rate.

Term Benchmark Loan means a Loan that bears interest at a rate based upon the applicable Term Benchmark.

Term Benchmark Loan means monies lent by the Lenders to the Borrower hereunder and upon which interest accrues at a rate referable to the Adjusted Term SOFR Rate.

Examples of Term Benchmark Loan in a sentence

All prepayments under this Section 2.07 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Term Benchmark Loan on a date prior to the last day of an Interest Period therefor, any amounts owing in respect of such Term Benchmark Loan pursuant to Section 3.05.
If any such conversion or repayment of a Term Benchmark Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Company shall pay to such Lender such amounts, if any, as may be required pursuant to Section 2.16.

More Definitions of Term Benchmark Loan

Term Benchmark Loan means monies lent by the Lenders to the Borrowers hereunder and upon which interest accrues at a rate referable to the Adjusted Term SOFR Rate.

Term Benchmark Loan means a Committed Loan or Competitive Loan that bears interest at the Adjusted Term SOFR Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election, provided, however, that this definition does not include any Loan bearing interest pursuant to clause (c) of the definition of “Alternate Base Rate”.

Term Benchmark Loan means a Loan which bears interest at the Adjusted Term SOFR Rate.

Term Benchmark Loan means a Term Benchmark Tranche A Loan or a Term Benchmark Tranche B Loan.

Term Benchmark Loan any Loan the rate of interest applicable to which is based upon the Adjusted Term SOFR Rate or the Adjusted EURIBO Rate.

Term Benchmark Loan means a Revolving Loan bearing interest prior to maturity at the rate specified in Section 2.6(b).