Adjusted Daily Simple SOFR Rate definition

Adjusted Daily Simple SOFR Rate means, for purposes of any calculation, the rate per annum equal to the greater of (a) the sum of (i) Daily Simple SOFR for such calculation plus (ii) the SOFR Adjustment and (b) the SOFR Floor.

Adjusted Daily Simple SOFR Rate an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Adjusted Daily Simple SOFR Rate means, an interest rate per annum equal to (a) the Daily Simple SOFR Rate, plus (b) 0.03839%.

Examples of Adjusted Daily Simple SOFR Rate in a sentence

• The applicable ABR, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted Daily Simple SOFR Rate or Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

• Swing Line Loans shall bear interest based on the Adjusted Daily Simple SOFR Rate and be denominated in Dollars.

• Blasting shelterProper blasting shelters are proposed to be provided in each quarry for the shelter of blaster at the time of blasting.

• Section 3.03 provides a mechanism for determining an alternative rate of interest in the event that the Adjusted Daily Simple SOFR Rate or the Adjusted Term SOFR Rate is no longer available or in certain other circumstances.

• Each Daily SOFR Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made, to but excluding the date it is paid, at a rate per annum equal to the Adjusted Daily Simple SOFR Rate plus the Applicable Margin for such day.

More Definitions of Adjusted Daily Simple SOFR Rate

Adjusted Daily Simple SOFR Rate means, for any day, Daily Simple SOFR plus 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of calculating such rate.

Adjusted Daily Simple SOFR Rate for any day, Daily Simple SOFR, plus 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of calculating such rate.

Adjusted Daily Simple SOFR Rate means (i) Daily Simple SOFR, plus (ii) the Margin, adjusting daily with each change in Daily Simple SOFR throughout the term of the Loan.

Adjusted Daily Simple SOFR Rate means an interest rate per annum equal to (a) Daily Simple SOFR, plus (b) (i) for one month Daily Simple SOFR borrowings, 0.11448%, (ii) for three month Daily Simple SOFR borrowings, 0.26161% and (iii) for six month Daily Simple SOFR borrowings, 0.42826%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Adjusted Daily Simple SOFR Rate means, for purposes of any calculation, the rate per annum equal to (a) Daily Simple SOFR for such calculation plus (b) the SOFR Adjustment; provided that if the Adjusted Daily Simple SOFR Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

Adjusted Daily Simple SOFR Rate means an interest rate per annum equal to (a) Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Adjusted Daily Simple SOFR Rate means, with respect to any Swingline Loan, an interest period per annum equal to (a) Daily Simple SOFR, plus (b) the SOFR Adjustment.