Define: Term SOFR Administrator
What does "Term SOFR Administrator" mean? The meaning differs based on the contract. We found 2 definitions across 4 companies in SEC filings.
Definition 1 (Chubb Ltd, seen in 3 filings)
Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).
Source: Chubb Ltd 10-K
Definition 2 (CATERPILLAR INC, seen in 1 filing)
Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable.
Source: CATERPILLAR INC 8-K
Data extracted from 4 SEC EDGAR filings across 4 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.