“Adjusted LIBOR Rate”: with respect to any Borrowing of LIBOR Loans for any Interest Period,Daily Simple SOFR”: an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to # the LIBOR Rate for such Interest Period multiplied by # the Statutory ReservesDaily Simple SOFR, plus # 0.10%; provided that if the Adjusted LIBOR Rate shall notDaily Simple SOFR as so determined would be less than 0% per annumthe Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
“Adjusted LIBOTerm SOFR Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to # the LIBOTerm SOFR Rate for such Interest Period multiplied by # the Statutory Reserve Rate, plus # 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 the purposes of this Agreement.
“Adjusted LIBOTerm SOFR Rate” means, with respect to any EurocurrencyTerm Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to # the LIBOTerm SOFR Rate for such Interest Period multiplied by # the Statutory Reserve Rate, plus # 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 the purposes of this Agreement.
“Adjusted Daily Simple SOFR” means an interest rate per annum equal to # the Daily Simple SOFR, plus # 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
“Adjusted LIBOTerm SOFR Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to # the LIBOTerm SOFR Rate for such Interest Period multiplied by # the Statutory Reserve Rate, plus (b)(i) 0.11448% for a one-month Interest Period, # 0.26161% for a three-month Interest Period or # 0.42826% for a six-month Interest Period; provided that if the Adjusted Term SOFR Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.
“Adjusted Daily Simple SOFR” means, for any Interest Period, a rate per annum equal to # with respect to Initial Term Loans and Incremental Amendment No. 1 Term Loans, Daily Simple SOFR plus 0.10% and # with respect to Revolving Credit Loans, Daily Simple SOFR plus 0.00%; provided that if Adjusted Daily Simple SOFR would be less than the Applicable Term SOFR Floor, such rate shall be deemed equal to the Applicable Term SOFR Floor.
“Adjusted Daily Simple SOFR” means an interest rate per annum equal to # the Daily Simple SOFR, plus # 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
“Adjusted Daily Simple SOFR” means, with respect to the Revolving Loans, an interest rate per annum equal to Daily Simple SOFR; provided that, if Adjusted Daily Simple SOFR as so determined would be less than 0.00% per annum, such rate shall be deemed to be equal to 0.00% per annum for the purposes of this Agreement.
“Adjusted Term SOFR Rate” means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum equal to # the Term SOFR Rate for such Interest Period, plus # 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 the purposes of this Agreement.
“Adjusted Daily Simple SOFR” shall mean an interest rate per annum equal to # the Daily Simple SOFR plus # 0.10% per annum; provided that if the Adjusted Daily Simple SOFR as so determined would be less than zero, such rate shall be deemed to be zero.
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