Term SOFR Loans definition

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

Term SOFR Loans when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to Adjusted Term SOFR.

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 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

• Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Term SOFR Loans.

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

• Each Borrowing of, conversion to or continuation of Term SOFR Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

• If the Borrower requests a Borrowing of, conversion to, or continuation of Term SOFR Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

• If the Borrower requests a Borrowing of, conversion to, or continuation of Term SOFR Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

More Definitions of Term SOFR Loans

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

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

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]

Term SOFR Loans. $ Applicable Interest Period: Base Rate Loans: $ Voluntary prepayment of Swingline Loans in the following amount(s): $ 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]

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. Interest Period Percentage One month 0.10%

Term SOFR Loans with an Interest Period of .1 The Borrowing requested herein complies with the proviso to the first sentence of Section 2.01 of the Agreement. CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. By: Name: Title: 1 One, three or six months. EXHIBIT C NOTICE OF INTEREST RATE ELECTION Date: ___________, _____ To: Bank of America, N.A., as Administrative Agent Ladies and Gentlemen: Reference is made to that certain Credit Agreement, dated as of March 25, 2024 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Consolidated Edison Company of New York, Inc., the Lenders party thereto and Bank of America, N.A., as Administrative Agent. The undersigned hereby requests a conversion or continuation of Loans