Term SOFR Replacement Date definition

Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

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Term SOFR Replacement Date shall have the meaning provided in Section 2.16(e)(B).

Term SOFR Replacement Date has the meaning set forth in Section 8.01(b).

Examples of Term SOFR Replacement Date in a sentence

• If a Successor Rate includes a SOFR-based rate, then as of the Term SOFR Replacement Date, the Unused Line Fee Rate shall increase by percentage points equal to the SOFR Adjustment for a one month interest period.

• The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Term SOFR Successor Rate.

• The Administrative Agent will promptly (in one or more notices) notify the Company and Lenders of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Term SOFR Successor Rate.

• For the avoidance of doubt, if the event giving rise to the Term SOFR Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Term SOFR Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

• The DIP Agent will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a Term SOFR Replacement Date and (z) the Successor Rate.

More Definitions of Term SOFR Replacement Date

Term SOFR Replacement Date has the meaning assigned to such term in Section 5.05(a)(ii)(A).

Term SOFR Replacement Date has the meaning specified in Section 2.13(b).

Term SOFR Replacement Date has the meaning specified in Section 3.03(b). “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). “Threshold Amount” means $10,000,000. “Third Amendment” means the Third Amendment, dated as of the Third Amendment Effective Date, among the Borrower party thereto, the Lenders party thereto, the Guarantors party thereto and the Administrative Agent. “Third Amendment Effective Date” has the meaning set forth for such term in the Third Amendment. “Total Credit Exposure” means, as to any Lender at any time, (a) in respect of the Revolving Facility, the unused Commitments and Revolving Exposure of such Lender at such time and (b) in respect of any Incremental Term Facility, the aggregate Outstanding Amount of all Incremental Term Loans. “Total Revolving Exposure” means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time. “Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, Swingline Loans and L/C Obligations. “Trade Date” has the meaning set forth in an Assignment and Assumption. “Trailing Four Quarter Consolidated EBITDA” means Consolidated EBITDA for the most recently ended Measurement Period. “Type” means, with respect to a Loan, its character as a Base Rate Loan or a Term SOFR Loan. “UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 46

Term SOFR Replacement Date has the meaning specified therefor in Section 2.13(d)(iii)(B)(ii) of the Agreement.

Term SOFR Replacement Date as defined in the definition of “Term SOFR Rate”.

Term SOFR Replacement Date as defined in Section 3.6(b).

Term SOFR Replacement Date has the meaning specified in Section 3.03(b). “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time).