Common use of SARON Clause in Contracts

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.

SARON. With respect to any applicable determination date, the Swiss Average Rate Overnight published on the Rate Determination Date two (2) Business Days prior to such 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. Scheduled Unavailability Date. See §5.4.2.