SOFR. With respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Aramark), Loan and Security Agreement (Credit Acceptance Corp)
SOFR. With respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. SOFR Administrator. The Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).
Appears in 1 contract