SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.
SOFR Determination Date means the date that is two SOFR Business Days before the first day of the applicable Interest Period.
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to (x) the Secured Overnight Financing Rate and (y) the Overnight Bank Funding Rate: (i) in the case of (x), the first Business Day immediately preceding such SOFR Reset Date; and (ii) in the case of (y), the first New York City Banking Day immediately preceding such SOFR Reset Date;
Examples of SOFR Determination Date in a sentence
If the Benchmark is SOFR, on each SOFR Determination Date, the Calculation Agent will notify the Servicer, the Issuer and the Administrator by email of SOFR for the related Interest Period.
More Definitions of SOFR Determination Date
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to
SOFR Determination Date means, with respect to an Interest Period, the second U.S. Government Securities Business Day before the first day of such Interest Period.
SOFR Determination Date that is five (5) U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrowers.
SOFR Determination Date means the second U.S. Government Securities Business Day before each Interest Accrual Period begins.
SOFR Determination Date means, in respect of any U.S. Government Securities Business Day “i”:
SOFR Determination Date has the meaning specified in the definition of “Daily SimpleSOFR”.“SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”.“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is thenumber one and the denominator of which is the number one minus the aggregate of the maximumreserve percentages (including any marginal, special, emergency or supplemental reserves), expressed asa decimal, established by the Board of Governors for eurocurrency funding (currently referred to as“Eurocurrency Liabilities” in Regulation D of the Board of Governors). Such reserve percentages shallinclude those imposed pursuant to such Regulation D. Eurocurrency Loans shall be deemed to constituteeurocurrency funding and to be subject to such reserve requirements without benefit of or credit forproration, exemptions or offsets that may be available from time to time to any Lender under suchRegulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automaticallyon and as of the effective date of any change in any reserve percentage.“Sterling” means the lawful currency of the United Kingdom.“subsidiary” means, with respect to any Person (the “parent”) at any date, (a) any Person theaccounts of which would be consolidated with those of the parent in the parent’s consolidated financialstatements if such financial statements were prepared in accordance with GAAP as of such date and (b)any other Person (i) of which Equity Interests representing more than 50% of the equity value or morethan 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the generalpartnership interests are, as of such date, owned, controlled or held, or (ii) that is, as of such date,otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one ormore subsidiaries of the parent.“Subsidiary” means any subsidiary of the Borrower.“Subsidiary Guarantor” has the meaning set forth in Section 5.10(a).34
SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”. “SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”. “SOFR Reference Time” means, with respect to any setting of the then-current SOFR Benchmark means (1) if such SOFR Benchmark is Term SOFR, 5:00 a.m. (Chicago time) on the day that is two Business Days preceding the date of such setting or (2) if such SOFR Benchmark is none of Term SOFR or Daily Simple SOFR, the time determined by (i) for Revolving Credit Loans, the Revolving Facility Administrative Agent in its reasonable discretion after consulting with the Borrower or (ii) for Term Loans, the Blackstone Representative in its reasonable discretion after consulting with the Borrower. “SOFR Unadjusted Benchmark Replacement” means the applicable SOFR Benchmark Replacement excluding the related SOFR Benchmark Replacement Adjustment. “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (i) the fair value of the property of such Person is greater than the total amount of debts and liabilities, contingent, subordinated or otherwise, of such Person, (ii) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the liability of such Person on its debts as they become absolute and matured, (iii) such Person will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as they become absolute and matured and (iv) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital; provided that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. “SPC” has the meaning specified in Section 10.07(h). “Specified Default” means the occurrence of an Event of Default under Section 8.01(a), (f) or (g). “Specified Representations” means the representations and warranties of the Borrower set forth in Sections 5.01(a) (solely as it relates to Holdings and the Borrower), 5.01(b)(ii), 5.02(a) (related to the entering into and performance of the Loan Documents and the incurrence of the extensions of credit 93 #95598837v24