Term SOFR Loans definition

Term SOFR Loans. Loans the rate of interest applicable to which is based upon Term SOFR.

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Term SOFR Loans means Committed Loans which bear interest at a rate based upon Term SOFR, other than pursuant to clause (c) of the definition of Base Rate.

Term SOFR Loans means the Term Loan I, Term Loan K, Term Loan L, Term Loan M, Term Loan N, Term Loan O and Term Loan P, Term Loan Q, Term Loan R and Term Loan S and Term Loan T and any other Loans for which Applicable Rate is determined with 3-month or 1-month Term SOFR.

Examples of Term SOFR Loans in a sentence

Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Term SOFR Loans (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
No conversion of any Term SOFR Loans shall be permitted except on the last day of the Interest Period in respect thereof.
Except as provided in the immediately preceding sentence, nothing in this Section 2.18(c) shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to convert Loans to, Term SOFR Loans in accordance with the terms hereof.
Interest on all outstanding Term SOFR Loans shall be payable on the last day of each Interest Period applicable thereto, and, in the case of any Term SOFR Loans having an Interest Period in excess of three months, on each day which occurs three months, after the initial date of such Interest Period, and on the applicable Revolving Commitment Termination Date or the applicable Term Loan Maturity Date, as the case may be, in each case in arrears.
Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Term SOFR Borrowing of, conversion to or continuation of Term SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Loans.

More Definitions of Term SOFR Loans

Term SOFR Loans the Term SOFR Revolving Credit Loans and/or the Term SOFR Term Loans.

Term SOFR Loans. “Spot Rate” means the currency exchange rate for the purchase of Dollars in the applicable Alternative Currency on any Revaluation Date that appears on the Bloomberg screen page for such Alternative Currency (or if such service is no longer available or widely used in the market, the applicable screen page published by Reuters or another commercially available source providing quotations of such rate as selected by Administrative Agent in its reasonable discretion from time to time) on such Revaluation Date, provided that, in the case of a payment to be made on a particular day, at the end of the immediately preceding Business Day.

Term SOFR Loans. The Amended Credit Agreement is not a novation of the Existing Credit Agreement.

Term SOFR Loans means Committed Loans which bear interest at a rate based upon Term SOFR, other than pursuant to clause

Term SOFR Loans for Loans the rate of interest 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 Bodyto which is based upon the Adjusted Term SOFR.

Term SOFR Loans. The parties hereto agree that, on and as of the First Amendment Effective Date, the following transactions shall be deemed to occur automatically, without further action by any party hereto: (i) the Existing Credit Agreement shall automatically be amended in its entirety to read in the form of the Amended Credit Agreement; (ii) all Obligations outstanding on and as of the First Amendment Effective Date shall in all respects be continuing and shall be deemed to be Obligations outstanding under the Amended Credit Agreement;

Term SOFR Loans with an Interest Period of The Borrower hereby represents and warrants that [(a) such request complies with the requirements of Section 2.01(c) of the Credit Agreement and (b)] each of the conditions specified in Sections 4.02(a) and (b) of the Credit Agreement have been satisfied on and as of the date of such Borrowing, conversion or continuation, as applicable. Delivery of an executed counterpart of a signature page of this notice by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. [signature page follows]