Term SOFR Loan definition

Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
Term SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition ofBase Rate”.
Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR. “Term SOFR Replacement Date” has the meaning specified in Section 3.03(b).

Examples of Term SOFR Loan in a sentence

  • Any prepayment of a Term SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

  • Except as otherwise provided herein, a Term SOFR Loan may be continued or converted only on the last day of an Interest Period for such Term SOFR Loan.

  • Any prepayment of any Term SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

  • If any payment on a Term SOFR Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

  • Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a Term SOFR Loan.


More Definitions of Term SOFR Loan

Term SOFR Loan means each Loan bearing interest at Adjusted Term SOFR Rate, as provided in Section 2.08(a).
Term SOFR Loan means any Loan bearing interest at a rate based on Adjusted Term SOFR. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.
Term SOFR Loan means any Loan that bears interest at a rate determined by reference to the Adjusted Term SOFR (other than solely as a result of clause (c) of the definition of Alternate Base Rate).
Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term
Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR. Term SOFR Loans shall be denominated in Dollars.
Term SOFR Loan means a Loan that, except as otherwise provided in Section 2.05(b), bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of Base Rate.
Term SOFR Loan means any Term SOFR Term Loan or Term SOFR Revolving Loan.