Term SOFR Administrator definition

Term SOFR Administrator means any entity designated by the Relevant Governmental Body as the administrator of Term SOFR (or a successor administrator).

Examples of Term SOFR Administrator in a sentence

  • Term SOFR Administrator – The CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Bank in its reasonable discretion).

  • The Adjusted Term SOFR Rate shall mean on any day the Term SOFR Reference Rate published by the Term SOFR Administrator for the tenor comparable to the applicable interest period, plus certain credit spread adjustments.

  • As used in this Agreement, the following terms have the following meanings: “1-Month CME Term SOFR” is the 1-month CME Term SOFR reference rate as published by the CME Term SOFR Administrator on the CME Term SOFR Administrator’s Website.

  • Notwithstanding anything herein to the contrary, in the event Lender determines Term SOFR is permanently or indefinitely unavailable or unascertainable, or ceases to be published by the Term SOFR Administrator, the reference to Term SOFR in the definition of Applicable Rate shall be changed to Prime Rate without any amendment to, or further action or consent of any party to this Agreement or any Loan Document.


More Definitions of Term SOFR Administrator

Term SOFR Administrator means CME Group Benchmark Administration Ltd. (or a successor administrator of Term SOFR).
Term SOFR Administrator means CBA (or a successor administrator of the forward-looking secured overnight financing rate).
Term SOFR Administrator means any entity designated by the Relevant Governmental Body as the administrator of Term SOFR.
Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR. “Termination Date” means, with respect to any Lender, the earlier to occur of (i) March 31, 20262027 or such later date that may be established for such Lender from time to time pursuant to Section 2.06 hereof, and (ii) the date of termination in whole of the Commitments available to the Borrower pursuant to Section 2.08 or 6.01. “Total Credit Exposure” means, as to any Lender at any time, the unused Commitment and Outstanding Credits of such Lender at such time. “Type” refers to the distinction between Advances bearing interest at the Base Rate, Advances bearing interest at the LIBOR Market Index Rate and Advances bearing interest at the Eurodollar RateSOFR. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 25 AmericasActive:16624138.