SARON Clause Samples

SARON. With respect to any Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such Business Day published by the SARON Administrator on the SARON Administrator’s Website.”; “SARON Administrator. SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).”; “SARON Administrator’s Website. SIX Swiss Exchange AG’s website, currently at h▇▇▇▇://▇▇▇.▇▇▇-▇▇▇▇▇.▇▇▇, or any successor source for the Swiss Average Rate Overnight identified as such by the SARON Administrator from time to time.”;

SARON. With respect to any applicable determination date, the Swiss Average Rate Overnight published on the Rate Determination Date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto. SARON Adjustment. With respect to SARON, 0.0031% per annum.