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.

“Type” means, with respect to any Loan, its nature as # with respect to Loans denominated in Dollars, # Floating Rate Loans or (B) (I) prior to the USD LIBOR Transition Date, Eurocurrency Rate Loans or # on and after the USD LIBOR Transition Date, # if the Unadjusted Benchmark Replacement that has replaced USD LIBOR pursuant to [Section 4.3(c)(i)] is Adjusted Daily Simple RFR for Dollars, then # prior to the Term RFR Transition Date for Dollars, Daily Simple RFR Loans or # on and after the Term RFR Transition Date for Dollars, Term RFR Loans or # if the Unadjusted Benchmark Replacement that has replaced USD LIBOR pursuant to [Section 4.3(c)(i)] is Adjusted Term SOFR, Term RFR Loans, # with respect to Loans denominated in Euros or Yen, Eurocurrency Rate Loans or # with respect to Loans denominated in British Pounds Sterling, # prior to the Term RFR Transition Date for such Agreed Currency, Daily Simple RFR Loans or # on and after the Term RFR Transition Date for such Agreed Currency, Term RFR Loans, each as further provided herein.

“Type” means, with respect to any Loan, its nature as Floating Rate Loans, Eurocurrency Rate Loans, Daily Simple RFR Loans or Term RFR Loans.

RFR Loans. The Borrower shall pay interest on the unpaid principal amount of a Loan that is an RFR Loan outstanding from time to time from the date thereof until paid at the Derived RFR from time to time in effect. Interest on each RFR Loan shall be payable on each RFR Interest Payment Date and at the maturity thereof.

Minimum Amount for Eurocurrency Loans and RFR Loans. Each prepayment of a Eurocurrency Loan or RFR Loan shall be in the principal amount of not less than the lesser of Two Hundred Fifty Thousand Dollars ($250,000) (or the Approximate Equivalent Amount thereof, if applicable), or the principal amount of such Loan, or, with respect to a Swing Loan, the principal balance of such Swing Loan, except in the case of a mandatory payment pursuant to [Section 2.11] or Article III hereof.

“RFR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans constituting such Borrowing, are bearing interest at a rate determined by reference to # for Dollars, Term SOFR, and # for Sterling and Swiss Francs, the Daily Simple RFR for the applicable Currency. For the avoidance of doubt, “RFR Borrowings” shall include Term SOFR Borrowings and Daily Simple RFR Borrowings and “RFR Loans” shall include Term SOFR Loans and Daily Simple RFR Loans.

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

Right to Convert. Each Borrower may elect from time to time, subject to the provisions of Section 2.3 and this Section 2.9, to # convert all or any part of any Floating Rate Loans (other than Swing Line Loans) into Term RFR Loans, # convert all or any part of any Term RFR Loans into Floating Rate Loans (other than Swing Line Loans) or continue any Term RFR Loans as Term RFR Loans, # continue any Eurocurrency Rate Loans as Eurocurrency Rate

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurocurrency Rate Loans or RFR Loans. Eurocurrency Rate Loans and Term RFR Loans in Dollars shall continue as Eurocurrency Rate Loans or Term RFR Loans in Dollars until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Rate Loans or Term RFR Loans shall be automatically converted into Floating Rate Loans unless the applicable Borrower shall have given the Administrative Agent notice in accordance with [Section 2.9(D)] requesting that, at the end of such Interest Period, such Eurocurrency Rate Loans or Term RFR Loans continue as a Eurocurrency Rate Loan or Term RFR Loans. Daily Simple RFR Loans in Dollars shall continue as Daily Simple RFR Loans in Dollars until the applicable Payment Date therefor, at which time such Daily Simple RFR Loan shall be automatically converted into Floating Rate Loans unless the applicable Borrower shall have given the Administrative Agent notice in accordance with [Section 2.9(D)] requesting that, at the as of such Payment Date, such Daily Simple RFR Loan continue as a Daily Simple RFR Loan. Unless a Borrowing/Election Notice shall have timely been given in accordance with the terms of this Section 2.9, # Eurocurrency Rate Advances and Term RFR Advances in an Agreed Currency other than Dollars shall automatically continue as Eurocurrency Rate Advances or Term RFR Advances in the same Agreed Currency with an Interest Period of one (1) month and # Daily Simple RFR Advances in an Agreed Currency other than Dollars shall automatically continue as RFR Advances in the same Agreed Currency until the next Payment Date.

RFR Loans. Each RFR Loan denominated in an Alternative Currency made or maintained by a Lender shall bear interest (computed on the basis of a year of 360 days and the actual number of days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, as applicable, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the applicable Daily Simple RFR plus the applicable RFR Adjustment, payable on each Interest Payment Date and at maturity (whether by acceleration or otherwise). For the avoidance of doubt, RFR Loans may be borrowed in Euro or Sterling.