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 clause (a) of the definition of Term SOFR. “Term SOFR Replacement Date” has the meaning specified in Section 3.03(b).

Term SOFR Loan means any Loan that bears interest at a rate based on Adjusted Term SOFR other than pursuant to clause (c) of the definition of “Base Rate”.

Examples of Term SOFR Loan in a sentence

• Any payment made by a Revolving Bank pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of a Base Rate Loan, Term SOFR Loan, Euro-Currency Loan or Swingline Loan as contemplated above) shall not constitute a Revolving Loan and shall not relieve any Borrower or any Additional Borrower of its obligation to reimburse such LC Disbursement.

• From and after the Effective Date, (i) the Borrowers shall not be permitted to request that any Bank fund, and no Bank shall fund, any BSBY Rate Loan (as defined in the Existing Credit Agreement), (ii) no BSBY Rate Loan (as defined in the Existing Credit Agreement) may be continued as a BSBY Rate Loan (as defined in the Existing Credit Agreement) and (iii) each Existing BSBY Rate Loan may be converted to a Term SOFR Loan or a Base Rate Loan in accordance with this Agreement.

• Each Term SOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Term SOFR for such Interest Period plus the Applicable Margin.

• If such Bank shall 102 determine that it may not lawfully continue to maintain and fund any of its outstanding Term SOFR Loans or Euro-Currency Loans, as applicable, to maturity and shall so specify in such notice, the applicable Borrower or Additional Borrower, as the case may be, shall immediately prepay in full the then outstanding principal amount of each such Term SOFR Loan or Euro-Currency Loan, as applicable, together with accrued interest thereon.

• Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if a Term SOFR Loan is to be prepaid, the Interest Period(s) of such Loans.

More Definitions of Term SOFR Loan

Term SOFR Loan means a Loan that, except as otherwise provided in Section 2.11, bears interest at the applicable Term SOFR Rate other than pursuant to clause (d) of the definition of Alternate Base Rate.

Term SOFR Loan means each Loan bearing interest at Adjusted Term SOFR Rate, as provided in Section 2.08(a).

Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR. “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

Term SOFR Loan means any Term SOFR Term Loan or Term SOFR Revolving Loan.

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 each Advance bearing interest at a rate based upon the Adjusted Term SOFR 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 3.02(b). “Term SOFR Scheduled Unavailability Date” has the meaning specified in Section 3.02(b). “Term SOFR Screen Rate” means the forward-looking SOFR term rate for any period that is approximately (as reasonably determined byadministered by CME (or any successor administrator satisfactory to the Administrative Agent) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selectedand 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 in its reasonable discretion). “Test Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Parent Borrower ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to ‎Section 4.01, ‎Section 6.01(a) or ‎6.01(b). “Threshold Amount” means $50,000,000. “Title Company” means any title insurance company as shall be retained by the Parent Borrower to issue the Mortgage Policies and reasonably acceptable to the Administrative Agent. “Total Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Parent Borrower and its Restricted Subsidiaries for such Test Period. “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. “Transactions” means, collectively, (a) the funding, of the Initial Revolving Borrowing hereunder, (b) the as applicable, (a) the Merger and other related transactions contemplated by the Merger Agreement, (b) the funding of the Initial Term Borrowing (as defined in the Term Loan Credit Agreement) under the Term Loan Credit Agreement, (c) the execution and delivery of the Loan Documents and (cas defined in the Term Loan Credit Agreement), (d) the payment of Transaction Expenses, (e) the issuance of the 2022 Indenture Notes and (f) the execution and delivery of the Second Amendment. 80 #95488248v20