Term SOFR Notice definition

Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

Term SOFR Notice means a notification by the Bank to the Borrower of the occurrence of a Term SOFR Transition Event.

Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. Determination Day” has the meaning assigned to it under the definition of Term SOFR Reference Rate.

Examples of Term SOFR Notice in a sentence

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

• Notice of such Xxxxxxxx’s election of the Term SOFR Option for a permitted portion of the Revolving Loans and an Interest Period pursuant to this Section shall be made by delivery to Agent of a Term SOFR Notice received by Agent before the Term SOFR Deadline, or by telephonic notice received by Agent before the Term SOFR Deadline (to be confirmed by delivery to Agent of a Term SOFR Notice received by Agent prior to 5:00 p.m. on the same day).

• Promptly upon its receipt of each such Term SOFR Notice, Agent shall provide a copy thereof to each of the affected Lenders.

• For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may elect or not elect to do so in its sole discretionTerm E Loans.

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

More Definitions of Term SOFR Notice

Term SOFR Notice means a notification by the Administrator to the Purchasers and the Seller of the occurrence of a Term SOFR Transition Event.

Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. 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.

Term SOFR Notice means a notification by the Administrative Agent to the Seller of the occurrence of a Term SOFR Transition Event.

Term SOFR Notice means a notification by Administrative Agent to the Lenders and Borrower of the occurrence of a Term SOFR Transition Event. “Term SOFR Transition Event” means the determination by Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, and is determinable for each Available Tenor, (b) the administration of Term SOFR is administratively feasible for Administrative Agent and (c) a Benchmark Transition Event has previously occurred resulting in a Benchmark Replacement in accordance with Section 11.3 that is not Term SOFR. “Test Period” means, at any time, the four consecutive Fiscal Quarters of Borrower then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered pursuant to this Agreement.

Term SOFR Notice means a notification by the Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. “Term SOFR Transition Event” shall mean the determination by the Agent that (a) Term SOFR has been recommended for use by the Relevant

Term SOFR Notice means a notification by the LC Issuer to the Guarantor of the occurrence of a Term SOFR Transition Event.

Term SOFR Notice a notification by the Agent to the Banks and the Company of the occurrence of a Term SOFR Transition Event.