Term SOFR Floor definition

Term SOFR Floor means a rate of interest equal to 0.50% per annum.
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Term SOFR Floor has the meaning specified in the definition of Term SOFR.
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Term SOFR Floor means 3.00% per annum.
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More Definitions of Term SOFR Floor

Term SOFR Floor means the per annum rate equal to the greater of (a) the Term SOFR Rate for such Interest Period and (b) 1.00%.
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Term SOFR Floor is 3.50% per annum.
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Term SOFR Floor means 3.35% per annum.
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Term SOFR Floor means 0.15% per annum.
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Term SOFR Floor means a rate equal to 2.50% per annum.
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Related to Term SOFR Floor

  • Term SOFR means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.