Term Benchmark Rate definition

Term Benchmark Rate means, for any Interest Period:

Term Benchmark Rate means, for any day, a rate per annum equal to the sum of (a) the Applicable Margin plus (b) the Adjusted Term SOFR Rate.

Term Benchmark Rate means, for any Interest Period (a) for each Term Benchmark Loan constituting part of the same Borrowing denominated in dollars, Adjusted Term SOFR; and (b) for each Term Benchmark Loan constituting part of the same Borrowing denominated in euros, the EURIBO Rate.

Examples of Term Benchmark Rate in a sentence

• During such periods as such Advance is a Term Benchmark Rate Advance, a rate per annum equal at all times during each Interest Period for such Term Benchmark Rate Advance to the sum of (x) the Term Benchmark Rate for such Interest Period for such Term Benchmark Rate Advance plus (y) the Applicable Margin applicable to such Lender in effect from time to time, payable in arrears on each Interest Payment Date and on the date such Term Benchmark Rate Advance shall be Converted or paid in full.

• Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Term Benchmark Rate Advances, the duration of the initial Interest Period for each such Advance.

More Definitions of Term Benchmark Rate

Term Benchmark Rate means the Adjusted Term SOFR.

Term Benchmark Rate means, for the Interest Period for any Term Benchmark Loan, the rate of interest per annum determined pursuant to the following formula: Term Benchmark Rate = Adjusted Term SOFR Rate + Applicable Term Benchmark Margin

Term Benchmark Rate. (i) with respect to any Loan denominated in Dollars, the Adjusted Term SOFR Rate and (ii) with respect to any Loan denominated in Euros, the Adjusted EURIBO Rate.

Term Benchmark Rate means, for any Interest Period: (a) in the case of Term Benchmark Borrowings denominated in Dollars, Term SOFR for such Interest Period; (b) in the case of Term Benchmark Borrowings denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Bloomberg page (or on any successor or substitute page or service providing such quotations as reasonably determined by the Administrative Agent from time to time) at approximately 11:00 a.m. (Brussels time) two (2) Term Benchmark Banking Days for Euros prior to the first day of such Interest Period (the “EURIBOR Screen Rate”); (c) in the case of Term Benchmark Borrowings denominated in Canadian Dollars, the rate per annum equal to the average of the annual yield rates applicable to Canadian

Term Benchmark Rate means, for any day, a rate per annum equal to the sum of (a) the Applicable Margin plus (b) the Adjusted TermSOFR Rate.

Term Benchmark Rate means, with respect to any Term Benchmark Borrowing for any Interest Period, the Adjusted Term SOFR.

Term Benchmark Rate means, (a) as to any 2022 Incremental Term Loan, Adjusted Term SOFR and (b) as to any Initial Term Loan, the Adjusted Eurodollar Rate.