Examples of Daily Rate in a sentence
Committed Loans may be Base Rate Loans, SOFR Daily Floating Rate Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein.
During the existence of an Event of Default, at the written request of the Required Lenders, no Loans may be requested as, or converted to, Daily SOFR Loans or Designated Currency Daily Rate Loans or requested as, or converted to or continued as Eurocurrency, Term SOFR Loans or Designated Currency Term Rate Loans.
Customer may exceed the relevant allocated Daily Rate without additional charge, provided that Customer does not trigger any of the Overage limitations.
Revolving Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein, or may be made pursuant to an Autoborrow Agreement as contemplated in Section 2.02(d).
The fee the Seller accrues on a daily basis is calculated as the quotient of the Funds Usage Percentage divided by 360 then multiplied by the Balance Subject to Funds Usage Daily Rate, which Purchaser shall charge against the Reserve Account on the last calendar day of the month.