Term Benchmark Revolving Loan definition

Term Benchmark Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate in accordance with the provisions of Article II.

Term Benchmark Revolving Loan or an “RFR Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Term Benchmark Borrowing” or an “RFR Borrowing”) or by Class and Type (e.g., a “Term Benchmark Revolving Borrowing” or an “RFR Revolving Borrowing”).

Term Benchmark Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate in accordance with the provisions of Article II. “Term Benchmark Term Loan” shall mean any Term Loan bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate in accordance with the provisions of Article II. “Term Borrowing” shall mean any Borrowing of Term Loans of the same Class. “Term Facility” shall mean the Term Loan Commitments and the Term Loans made hereunder. “Term Facility Commitment” shall mean the commitment of a Lender to make Term Loans, including Term Loans and/or Other Term Loans. “Term Facility Maturity Date” shall mean, as the context may require, (a) with respect to the 2021 Term Loans, the 2021 Term Facility Maturity Date, and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement. “Term Lender” shall mean any Lender that has a Term Facility Commitment or that holds a Term Loan. “Term Loan Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make Term Loans hereunder. The amount of each Lender’s Term Loan Commitment as of the First Amendment Effective Date is set forth on Schedule 2.01. The aggregate amount of the Term Loan Commitments as of the First Amendment Effective Date is $500,000,000. “Term Loan Installment Date” shall have the meaning assigned to such term in Section 2.10(a)(i). “Term Loans” shall mean (a) from and after the First Amendment Effective Date, the term loans made by the Lenders to the Borrower pursuant to Section 2.01(b) and (b) any Incremental Term Loans in the form of Term Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(d). “Term SOFR Adjustment” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that (a) has been selected or recommended by the Relevant Governmental Body or (b) has been agreed between the Administrative Agent (in its sole discretion) and the Borrower as such rate. a percentage per annum equal to the following percentage set forth next to the applicable Interest Period: Six months 0.42826% One month

Examples of Term Benchmark Revolving Loan in a sentence

• For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Revolving Loan") or by Type (e.g., a "Term Benchmark Loan", an "RFR Loan" or "an Adjusted REVSOFR30 Rate Loan") or by Class and Type (e.g., a "Term Benchmark Revolving Loan", an " RFR Revolving Loan" or "an Adjusted REVSOFR30 Rate Revolving Loan").

• For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Revolving Loan") or by Type (e.g., a "Term Benchmark Loan" or an "RFR Loan") or by Class and Type (e.g., a "Term Benchmark Revolving Loan" or an "RFR Revolving Loan").

• The Loans comprising each Term Benchmark Borrowing shall bear interest in the case of a Term Benchmark Revolving Loan, at the Adjusted Term SOFR Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

• For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Revolving Loan") or by Type (e.g., a "Term Benchmark Loan") or by Class and Type (e.g., a " Term Benchmark Revolving Loan").

More Definitions of Term Benchmark Revolving Loan

Term Benchmark Revolving Loan or an “RFR Revolving Loan”).

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