Example ContractsClausesDaily Simple Sofr; Or
Daily Simple Sofr; Or
Daily Simple Sofr; Or contract clause examples

Adjusted Daily Simple SOFR” means an interest rate per annum equal to # the Daily Simple SOFR, plus # the applicable Benchmark Adjustment. The Calculation Agent shall not be responsible for calculating the Adjusted Daily Simple SOFR.

Daily Simple SOFR Rate” means, for any day (a “Daily Simple SOFR Rate Day”), a rate per annum equal to the greater of # SOFR for the day (such day, a “Daily Simple SOFR Determination Date”) that is five (5) U.S. Government Securities Business Days prior to # if such Daily Simple SOFR Rate Day is a U.S. Government Securities Business Day, such Daily Simple SOFR Rate Day or # if such Daily Simple SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such Daily Simple SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website, and # the Floor. If, by 3:00 P.M. (Central time) on the second U.S. Government Securities Business Day immediately following any Daily Simple SOFR Determination Date, SOFR in respect of such Daily Simple SOFR Determination Date has not been published on the SOFR Administrator’s Website and a Benchmark Transition Event with respect to the Daily Simple SOFR Rate has not occurred, then the SOFR for such Daily Simple SOFR Determination Date will be the SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator’s Website; provided that any SOFR determined pursuant to this sentence shall be utilized for purposes of the calculation of the Daily Simple SOFR Rate for no more than three consecutive Daily Simple SOFR Rate Days. Any change in the Daily Simple SOFR Rate due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower or any other Person.

the sum of: # the alternate benchmark rate that has been selected by the Agent and the Borrowers giving due consideration to # any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or # any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities and # the related Benchmark Replacement Adjustment;

SOFR Loan” means any Daily Simple SOFR Loan or Term SOFR Loan.

the sum of: # the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower giving due consideration to # any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or # any evolving or then-prevailing market convention for determining a benchmark rate and an adjustment as a replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time and # the related Benchmark Replacement Adjustment;

Daily Simple RFR Loans. The Loans constituting each Daily Simple RFR Borrowing that are made by the Extending Lenders shall bear interest on each day at a rate per annum equal to the Daily Simple RFR for such day plus the Extended Lender Applicable Margin. The Loans constituting each RFR Borrowing that are made by the Non-Extending Lenders shall bear interest at a rate per annum equal to the Daily Simple RFR for such day plus the Non-Extended Lender Applicable Margin.

the sum of: # the alternate benchmark rate that has been selected by the Administrative Agent and the Company as the replacement for such Benchmark giving due consideration to # any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or # any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for such Benchmark for syndicated credit facilities denominated in the applicable Currency at such time and # the related Benchmark Replacement Adjustment.

Daily Simple SOFR” means, for any day (a “Daily Simple SOFR Interest Day”) the greater of # SOFR for the day that is five Business Days prior to # if such Daily Simple SOFR Interest Day is a Business Day, such Daily Simple SOFR Interest Day, # if such Daily Simple SOFR Interest Day is not a Business Day, the Business Day immediately preceding such Daily Simple SOFR Interest Day and # 0.00%.

Adjusted Daily Simple SOFR” means with respect to a Daily Simple SOFR Loan, the greater of # the sum of # Daily Simple SOFR and # the SOFR Index Adjustment, and # the Floor.

the sum of: # the alternate benchmark rate that has been selected by the Agent and the Borrower giving due consideration to # any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or # any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current Benchmark for Dollar-denominated syndicated credit facilities and # the related Benchmark Replacement Adjustment.

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