Examples of Daily Simple SOFR Borrowing in a sentence
At the time each Daily Simple SOFR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000.
To the extent reasonably possible, each Lender shall designate an alternate Lending Office with respect to its LIBORTerm SOFR Borrowings and Adjusted Daily Simple SOFR Borrowings to reduce any liability of the Borrower to such Lender under Sections 4.1, 4.2 and 4.5 or to avoid the unavailability of a LIBORTerm SOFR Borrowing or an Adjusted Daily Simple SOFR Borrowing, so long as such designation is not disadvantageous to such Lender.
At the time that each ABR Borrowing or Daily Simple SOFR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $500,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e).
The Borrower hereby requests a [Daily Simple SOFR Borrowing] [Term SOFR Borrowing] [Base Rate Borrowing] in the aggregate principal amount of $____________ to be made on ____________, 20__, and for interest to accrue thereon at the rate established by the Credit Agreement for [Daily Simple SOFR Loans] [Term SOFR Loans] [Base Rate Loans].
Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Term SOFR Borrowing, a Daily Simple SOFR Borrowing or an ABR Borrowing and (B) the date of such Borrowing (which shall be a Business Day and shall constitute a Funding Date) and the amount thereof; provided, however, that each Borrowing shall be in an amount which is an integral multiple of $1,000,000 and not less than $5,000,000.
The Loans comprising each Daily Simple SOFR Borrowing shall bear interest at Adjusted Daily Simple SOFR plus the Applicable Margin in effect from time to time, but in no event to exceed the Highest Lawful Rate.
The Loans comprising each Daily Simple SOFR Borrowing shall bear interest at the Adjusted Daily Simple SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.
The POB payment nomenclature is detailed within a chapter by headings which are:▪ Basic price;▪ Variation of price (VOP);▪ Value added Tax (VAT) to be paid by OCCAR-EA.By delegation from the relevant PB, amendments to the detailed nomenclature of each POB are approved by the relevant PC.
The Loans comprising each Daily Simple SOFR Borrowing shall bear interest at Adjusted Daily Simple SOFR plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.
Notwithstanding the foregoing, during the continuance of a Monetary Default or an Event of Default, the Borrower shall not have the right to request a EurocurrencyTerm SOFR Borrowing or an Adjusted Daily Simple SOFR Borrowing, select a new Interest Period for an existing EurocurrencyTerm SOFR Borrowing or convert any Adjusted Base Rate Borrowing to a EurocurrencyTerm SOFR Borrowing or an Adjusted Daily Simple SOFR Borrowing.