Daily Simple SOFR. [[Organization A:Organization]] may prepay principal on any portion of this Note which bears interest determined in relation to Daily Simple SOFR, in any amount and without penalty.

the sum of: # the alternate benchmark rate that has been selected by the Bank 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.

“Daily Simple SOFR Loan” shall mean any Daily Simple SOFR Term Loan or Daily Simple SOFR Revolving Loan.

Daily Simple SOFR plus the SOFR Adjustment;

“Daily SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”.

“Simple SOFR Determination Day” has the meaning specified therefor in the definition of Adjusted Daily Simple SOFR.

“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.

The Borrower shall pay interest on the unpaid principal amount of each Daily Simple SOFR Loan, if applicable pursuant to [Section 2.14], at the Adjusted Daily Simple SOFR plus the Applicable Margin.

“Daily Simple SOFR Adjustment” means 0.100%.

as to Tranche A Revolving Loans that are Daily Simple SOFR Loans, a rate equal to the then Applicable Margin for such Daily Simple SOFR Loans on a per annum basis plus Adjusted Daily Simple SOFR;

“Daily Simple SOFR Revolving Facility Borrowing” shall mean a Borrowing comprised of Daily Simple SOFR Revolving Loans.

“Adjusted Daily Simple SOFR” means a rate per annum equal to the sum of (a) Daily Simple SOFR plus (b) the SOFR Rate Margin.

“Daily Simple SOFR Adjustment” means 0.10000%.

“SOFR-Based Rate” means Daily Simple SOFR and the Term SOFR Reference Rate, as applicable.

“SOFR” has the meaning specified in the definition of “Daily Simple SOFR.”

Securities Business Day, the U.S. Government Securities Business Day immediately preceding such Simple SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website; provided that if by 5:00 p.m. on the second (2nd) U.S. Government Securities Business Day immediately following any Simple SOFR Determination Day, SOFR in respect of such Simple SOFR Determination Day has not been published on the SOFR Administrator’s Website and a Benchmark Replacement Date with respect to Adjusted Daily Simple SOFR has not occurred, then SOFR for such Simple SOFR Determination Day will be 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 further that SOFR as determined pursuant to this proviso shall be utilized for purposes of calculation of Adjusted Daily Simple SOFR for no more than three (3) consecutive Simple SOFR Rate Days and # the Simple SOFR Adjustment and # the Floor. Any change in Adjusted Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to any Borrower.

The Loans comprising each Daily Simple SOFR Borrowing (if such Type of Loans is outstanding as a result of the application of [Section 2.13]) shall bear interest at Adjusted Daily Simple SOFR plus the Applicable Rate.

“Daily SOFR Determination Day” has the meaning specified in the definition of “Daily Simple

the sum of: # Daily Simple SOFR and # the related Benchmark Replacement Adjustment; or