Term ESTR definition

Term ESTR means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on ESTR that has been selected or recommended by the Relevant Governmental Body.
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Term ESTR has the meaning given that term in Section 4.9.
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Examples of Term ESTR in a sentence

  • For the avoidance of doubt, the Administrative Agent shall not be required to deliver any (x) Term SOFR Notice after the occurrence of a Term SOFR Transition Event or (y) Term ESTR Notice after the occurrence of a Term ESTR Transition Event, and may do so in its sole discretion.

  • The outstanding principal amount of the Loan shall be payable in full on (“Maturity Date”), subject to the terms and limitations hereunder.

  • For the avoidance of doubt, the Administrative Agent shall not be required to deliver any (x) Term SOFR Notice after the occurrence of a Term SOFR Transition Event, (y) Term ESTR Notice after the occurrence of a Term ESTR Transition Event or (z) Term ▇▇▇▇▇ ▇▇▇▇▇▇ after the occurrence of a Term ▇▇▇▇▇ Transition Event and may do so in its sole discretionbe payable on a quarterly basis.

  • Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, a Term ESTR Transition Event, a Term ▇▇▇▇ Transition Event or an Early Opt-In Election, Section 2.12(Y)(b) and (c) provide a mechanism for determining an alternative rate of interest with respect to Revolving Loans.

  • UpontheoccurrenceofaBenchmarkTransitionEvent,a Term SOFR Transition Event, a Term ESTR Transition Event or an Early Opt-In Election, Section2.14(b)and (c) provide provides a mechanism for determining an alternative rate of interest.

  • For the avoidance of doubt, the Administrative Agent shall not be required to deliver any Term ESTR Notice after the occurrence of a Term ESTR Transition Event, and may do so in its sole discretion.

  • Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, a Term ESTR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, Section 3.07(a) and Section 3.07(b) provide a mechanism for determining an alternative rate of interest.

  • Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, a Term ESTR Transition Event or an Early Opt-In Election, Section 4.15(b) and (c) provide a mechanism for determining an alternative rate of interest.