Adjusted Term SOFR Rate
Adjusted Term SOFR Rate. Means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement
Found in
Automatic Data Processing contract
Adjusted Term SOFR Rate. Means the variable annual interest rate calculated for each Interest Period equal to the sum obtained by adding (i) Term SOFR for said Interest Period plus (ii) the Margin.
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Found in
Applied Optoelect contract