Define: Adjusted Term SOFR
What does "Adjusted Term SOFR" mean? The meaning differs based on the contract. We found 10 definitions across 10 companies in SEC filings.
Definition 1 (BOSTON SCIENTIFIC CORP, seen in 1 filing)
Adjusted Term SOFR means means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: BOSTON SCIENTIFIC CORP 10-Q
Definition 2 (DTE ENERGY CO, seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) 0.10% provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: DTE ENERGY CO 8-K
Definition 3 (DTE ENERGY CO, seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) 0.10%; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: DTE ENERGY CO 8-K
Definition 4 (AMAZON COM INC, seen in 1 filing)
Adjusted Term SOFR means with respect to any Term Benchmark Borrowing denominated in US Dollars for any Interest Period, an interest rate per annum equal to (a) the Term SOFR for such Interest Period plus (b) 0.10%; provided that if the Adjusted Term SOFR shall be less than zero, such rate shall be deemed to be zero.
Source: AMAZON COM INC 10-Q
Definition 5 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation and subject to the provisions of Section 10.1(b), the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 6 (CATERPILLAR INC, seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided, that if Adjusted Term SOFR as so determined shall ever be less than the Floor, Adjusted Term SOFR shall be deemed to be the Floor.
Source: CATERPILLAR INC 8-K
Definition 7 (AMAZON COM INC, seen in 1 filing)
Adjusted Term SOFR means for any Interest Period, an interest rate per annum equal to (a) Term SOFR for such Interest Period, plus (b) the Term SOFR Adjustment.
Source: AMAZON COM INC 8-K
Definition 8 (BlackRock, Inc., seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: BlackRock, Inc. 8-K
Definition 9 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)
Adjusted Term SOFR means (a) for any Interest Period other than the One Week USD Interest Period, an interest rate per annum equal to (i) the Term SOFR for such Interest Period plus (ii) 0.10% per annum, and (b) for the One Week USD Interest Period, an interest rate per annum equal to (i) for each day of such One Week USD Interest Period, the Daily Simple SOFR for such day plus (ii) 0.10 % provided that if the Adjusted Term SOFR as so determined would be less than 0.00%, then the Adjusted Term SOFR shall be deemed to be 0.00% for purposes hereof.
Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 10-K
Definition 10 (CrowdStrike Holdings, Inc., seen in 1 filing)
Adjusted Term SOFR means for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.
Source: CrowdStrike Holdings, Inc. 10-K
Data extracted from 15 SEC EDGAR filings across 10 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.