he Loans comprising each Eurocurrency(x) Term SOFR Borrowing shall bear interest at the Eurocurrency RateTerm SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Daily Rate plus the Applicable Rate, and # Alternative Currency Term Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Term Rate for the Interest Period then in effect for such Borrowing plus the Applicable Rate.
he Loans comprisingSection # Interest. (a) Subject to the provisions of [[Section 2.08(b), (i)])]])] each Eurocurrency(x) TermEurocurrency RateTerm SOFR BorrowingLoan shall bear interest aton the Eurocurrency RateTerm SOFRoutstanding principal amount thereof for theeach Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency DailyEurocurrency Rate forAdjusted Term SOFR for such Interest Period plus the Applicable Rate, andRate; provided that, if Term SOFR shall be determined pursuant to [clause (a)](ii) of the definition thereof, each such Loan shall be deemed to bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal Adjusted Daily Simple SOFR for each day within such Interest Period plus the Applicable Rate; # Alternative Currency Termeach Base Rate BorrowingLoan (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Alternative Currency TermBase Rate for the Interest Period then in effect for such Borrowing plus the Applicable Rate.Rate; and # each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Credit Loans.
he Loans comprisingSection # Interest. (a) Subject to the provisions of [Section 2.08(b), (i)])] each Eurocurrency(x) Term SOFR BorrowingEurocurrency Rate Loan shall bear interest aton the Eurocurrency RateTerm SOFRoutstanding principal amount thereof for theeach Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency DailyEurocurrency Rate for such Interest Period plus the Applicable Rate, andRate; # Alternative Currencyeach Term Rate BorrowingSOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Term SOFR for such Interest Period plus the Applicable Rate; provided that if Term SOFR shall be determined pursuant to [clause (a)](ii) of the definition thereof, each such Loan shall be deemed to bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to Daily Simple SOFR for each day such Loan remains outstanding plus the Applicable Rate; # each Base Rate Loan (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Alternative Currency TermBase Rate for the Interest Period then in effect for such Borrowing plus the Applicable Rate.Rate; and # each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Credit Loans.
he Loans comprisingSubject to the provisions of [Section 2.10(b), (i)])] each Eurocurrency(x) Term SOFR BorrowingEurocurrency Rate Loan shall bear interest aton the Eurocurrency RateTerm SOFRoutstanding principal amount thereof for theeach Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency DailyAdjusted Eurocurrency Rate for such Interest Period plus the Applicable Rate, and # Alternative Currency Term Rate Borrowingeach SOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Adjusted Term SOFR for such Interest Period plus the Applicable Rate # each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing date at a rate per annum equal to the applicable Alternative Currency TermBase Rate for the Interest Period then in effect for such Borrowing plus the Applicable Rate and # each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.
hethe obligation of the to make or maintain EurocurrencyTerm SOFR Loans comprisingor Loans in each Eurocurrency(x)such Applicable Currency, as the case may be, shall be suspended, (to the extent of the affected EurocurrencyTerm SOFR Loans, Alternative Currency Loans or Interest Periods or determination dates, as applicable), and # the Eurocurrency Rateif such circumstances exist with respect to Term SOFR, the Term SOFR component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt of such notice, # the Borrower may revoke any pending request for a Borrowing shall bear interestof, conversion to or continuation of EurocurrencyTerm SOFR Loans or Alternative Currency Loans in each such affected Applicable Currency (to the extent of the affected EurocurrencyTerm SOFR Loans, Alternative Currency Loans or Interest Periods or determination dates, as applicable) or, failing that, will be deemed to have converted each such request into a request for a Committed Borrowing of ABR Loans denominated in Dollars in the Dollar Equivalent of the amount specified therein and (ii) (A) any outstanding affected EurocurrencyTerm SOFR Loans denominated in Dollars will be deemed to have been converted into ABR Loans at the Eurocurrency RateTerm SOFR forend of the applicable Interest Period and # any outstanding affected Eurocurrency Loans denominated in effect foran Alternative Currency Loans, at the Borrower’s election, shall either # be converted into a Committed Borrowing of ABR Loans denominated in Dollars in the Dollar Equivalent of the amount of such Borrowing plusoutstanding EurocurrencyAlternative Currency Loan at the Applicable Rate., #end of the applicable Interest Period (in the case of Alternative Currency Term Rate Loans) or on the next applicable Interest Payment Date (in the case of Alternative Currency Daily Rate Borrowing shall bear interestLoans) or # be prepaid in full at a rate per annum equal tothe end of the applicable Interest Period (in fullthe case of Alternative Currency Term Rate Loans) or on the next applicable Interest Payment Date (in the case of Alternative Currency Daily Rate plusLoans); provided that if no election is made by the Applicable Rate,Borrower by the earlier of # the date that is three Business Days after receipt by the Borrower of such notice and # the last day of the current Interest Period for the(in the case of Term SOFR Loans and Alternative Currency Term Rate Borrowing shall bear interest at a rate per annum equal toLoans) or on the next applicable EurocurrencyInterest Payment Date (in the case of Alternative Currency TermDaily Rate forLoans), the Interest Period then in effect for such Borrowing plus the Applicable Rate.Borrower shall be deemed to have elected [clause (1) above].
heThe Loans comprising each Eurocurrency(x) TermEurodollarTerm SOFR Borrowing shall bear interest at the EurocurrencyAdjusted LIBO RateTerm SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Daily Rate plus the Applicable Rate, and # Alternative Currency Term Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Term Rate for the Interest Period then in effect for such Borrowing plus the Applicable Rate.
he Loans comprising each Eurocurrency(x) Termif the resulting Borrowing is to be a EurocurrencyTerm SOFR Borrowing shall bear interest at the Eurocurrency RateTerm SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Daily Rate plus the Applicable Rate, and #or an Alternative Currency Term Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Term Rate forBorrowing, the Interest Period then into be applicable thereto after giving effect forto such Borrowing pluselection, which shall be a period contemplated by the Applicable Rate.definition of the term “Interest Period”.
he Loans comprising each Eurocurrency(x) Termin the case of a EurocurrencyTerm SOFR Borrowing shall bear interest at the Eurocurrency RateTerm SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Daily Rate plus the Applicable Rate, and #or an Alternative Currency Term Rate Borrowing shall bear interest at a rate per annum equal toBorrowing, the applicable Alternative Currency Term Rate for theinitial Interest Period then in effect for such Borrowing plusto be applicable thereto, which shall be a period contemplated by the Applicable Rate.definition of the term “Interest Period”; and
he Loans comprisingInterest. Subject to the provisions of [[Section 2.08(b), (i)])]])] each Eurocurrency(x) Term SOFR BorrowingEurodollar RateSOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency RateTermEurodollar Rate for suchTerm SOFR for the Interest Period in effect for such BorrowingLoans plus the Applicable Rate.,Rate; # Alternative Currency Daily Rate Borrowingeach Base RateABR Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Alternative Currency DailyAlternate Base Rate as in effect from time to time plus the Applicable Rate,Rate; and # Alternative Currency Term Rate Borrowingeach Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Alternative Currency TermAlternate Base Rate for the Interest Period thenas in effect for such Borrowingfrom time to time plus the Applicable Rate.
he Loans comprisingSubject to the provisions of [Section 2.08(b)2.08(b)(i)] (and without duplication), # each Eurocurrency(x) TermEurodollar RateTerm SOFR BorrowingLoan under a Facility shall bear interest aton the Eurocurrency RateTerm SOFRoutstanding principal amount thereof for theeach Interest Period in effect for such Borrowing plus the Applicable Rate., # Alternative Currency Daily Rate Borrowing shall bear interest at a rate per annum equal to the applicable Alternative Currency Daily RateEurodollar RateTerm SOFR for such Interest Period plus the Applicable Rate, andRate under a Facility; # Alternative Currency Termeach Base Rate BorrowingLoan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate under a Facility; and # each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable Alternative Currency Termborrowing date, at the Borrower’s option, at a rate per annum equal to # the Base Rate plus the Applicable Rate for the Interest Period then in effect for such BorrowingRevolving Credit FacilityBase Rate Loans or # the SOFR Daily Floating Rate plus the Applicable Rate.Rate for SOFR Daily Floating Rate Loans.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.