“Adjusted Daily Simple SOFR” means an interest rate per annum equal to # the Daily Simple SOFR, plus # 0.10%; provided that if 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.

“Derived Daily Simple SOFR Rate” means a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) for SOFR Loans plus Adjusted Daily Simple SOFR.

“SOFR Loan” means a Daily Simple SOFR Loan or a Term SOFR Loan.

“Adjusted Daily Simple SOFR”: 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 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.

“Daily Simple SOFR” means a rate based on SOFR with interest accruing on a simple daily basis in arrears with a methodology and conventions selected by Lender.

“Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a 5-day lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the relevant Governmental Authority for determining “Daily Simple SOFR” for syndicated credit facilities; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish in consultation with the Borrowers another convention in its reasonable discretion; provided further, in no event shall Daily Simple SOFR be less than 0.00%. For the avoidance of doubt, # in accordance with the terms of this Agreement, Daily Simple SOFR shall only be available to the extent the Borrowers have a Hedge Agreement in effect with respect to all or part of the Obligations or if the Successor Rate is based on Daily Simple SOFR and # provisions governing rounding of rates shall not apply to Daily Simple SOFR.

Daily Simple SOFR plus the SOFR Adjustment;

Daily Simple SOFR plus the SOFR Adjustment;

“Adjusted Daily Simple SOFR” means, with respect to any Borrowing denominated in dollars, an interest rate per annum equal to # Daily Simple SOFR, plus # 0.10%; provided that if 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.