Adjusted Daily Compounded CORRA definition

Adjusted Daily Compounded CORRA means, for purposes of any calculation, the rate per annum equal to (a) Daily Compounded CORRA for such calculation plus (b) the Daily Compounded CORRA Adjustment; provided that if Adjusted Daily Compounded CORRA as so determined shall be less than the Floor, then Adjusted Daily Compounded CORRA shall be deemed to be the Floor.
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Adjusted Daily Compounded CORRA means, for purposes of any calculation, the rate per annum equal to (a) the sum of Daily Compounded CORRA for such calculation plus (b) the Credit Adjustment Spread; provided that if Adjusted Daily Compounded CORRA as so determined would be less than the Floor, then Adjusted Daily Compounded CORRA will be deemed to be the Floor.
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Adjusted Daily Compounded CORRA means, for purposes of any calculation,
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Examples of Adjusted Daily Compounded CORRA in a sentence

  • The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Prime Rate, Term CORRA, Daily Compounded CORRA, Adjusted Term CORRA, Adjusted Daily Compounded CORRA, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

  • Each of the Administrative Agent, ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ hereby agrees that, notwithstanding anything to the contrary in this Agreement, no Eurocurrency Rate Loans based on Daily Compounded ▇▇▇▇▇ or Adjusted Daily Compounded CORRA shall be available under this Agreement unless agreed to in writing by the Applicable Administrative Agent in its sole discretion.

  • If the Benchmark Replacement is Adjusted Daily Compounded CORRA, all interest payments will be payable on the last day of each Interest Period.


More Definitions of Adjusted Daily Compounded CORRA

Adjusted Daily Compounded CORRA means, for purposes of any calculation, the rate per annum equal to (a) Daily Compounded
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Adjusted Daily Compounded CORRA means, the rate per annum equal to (a) Daily Compounded CORRA plus (b) the percentage amount stipulated as CORRA Adjustment in the Interest section of the Credit Facility Agreement; provided that in no event will the Adjusted Daily Compounded CORRA be less than zero.
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Adjusted Daily Compounded CORRA means, for purposes of any calculation, the higher of (a) the rate per annum equal to (i) Daily Compounded CORRA for such calculation plus (ii) the “Daily Compounded CORRA Adjustment” (to be agreed) and (b) 0.00% per annum (this clause (b), the “CORRA Floor” and, together with the EURIBOR Floor and the SOFR Floor, the “Floor”).
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