Compounded Daily SOFR Clause Samples
Compounded Daily SOFR. Where this paragraph (1) applies, the Rate of Interest for an Interest Accrual Period will, subject to Condition 4(b)(xi) and as provided below, be Compounded Daily SOFR with respect to such Interest Accrual Period plus or minus (as indicated in the applicable Final Terms) the applicable Margin (if any), all as determined by the Calculation Agent.
Compounded Daily SOFR. (a) Where the Reference Rate is specified as being Compounded Daily SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be Compounded Daily SOFR plus or minus (as indicated in the Final Terms) the Margin (if any), all as determined by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms) on the Interest Determination Date for such Interest Period.
(b) For the purposes of this Condition 5B.4F:
Compounded Daily SOFR. Where Screen Rate Determination is specified for a Covered Bond in the applicable Final Terms Document as the manner in which the Rate of Interest is to be determined for such Covered Bond, and the Reference Rate is specified in the applicable Final Terms Document as being Compounded Daily SOFR, the Rate of Interest for each Interest Period will be Compounded Daily SOFR plus or minus (as indicated in the applicable Final Terms Document) the Margin (if any).
Compounded Daily SOFR. Subject to Condition 3(g), where this paragraph (i) applies, the Rate of Interest for an Interest Accrual Period will, subject as provided below, be Compounded Daily SOFR with respect to such Interest Accrual Period plus or minus the applicable Margin (if any), all as determined by the Calculation Agent.