Daily Simple SOFR Option definition

Daily Simple SOFR Option means the option of the Borrowers to have Loans bear interest at the applicable rate and under the terms specified in Section 2.3(a).
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Daily Simple SOFR Option means the option of the Borrower to have Swing Loans bear interest at the rate and under the terms specified in Section 4.1(b)(ii) [Swing Loan Interest Rate].
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Daily Simple SOFR Option means the option of the Seller to have Investments accrue Yield at the rate and under the terms specified in Section 1.12(a)(i)(B)(1).
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Examples of Daily Simple SOFR Option in a sentence

  • Interest on Loans to which the Daily Simple SOFR Option applies shall be due and payable in arrears on the first day of each calendar month.

  • Defendant also attaches the Judgments of conviction for these three state convictions and a copy of a page from the 2008 United States Sentencing Guidelines.

  • Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Daily Simple SOFR Option.

  • A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to Daily Simple SOFR plus the SOFR Adjustment plus the Applicable Margin; provided, however, that the aggregate outstanding amount of Revolving Credit Loans to which the Daily Simple SOFR Option applies shall not exceed $50,000,000 at any time.

  • Such discussions may continue at the sole option of the State until an agreement is reached or all Proposals are rejected.

  • Interest on Loans to which the Base Rate Option or Daily Simple SOFR Option applies, shall be due and payable in arrears on each Payment Date and the Expiration Date or the applicable Specified Maturity Date.

  • Such Revolving Credit Loan is in the principal amount of U.S. $_________ or the principal amount to be renewed or converted is U.S. $_____________ [such amount shall be (i) in integral multiples of $100,000 and not less than $1,000,000 for each Borrowing Tranche to which the Term SOFR Rate Option applies and (ii) in integral multiples of $100,000 and not less than $1,000,000 for each Borrowing Tranche to which the Base Rate Option or the Daily Simple SOFR Option applies.] 3.


More Definitions of Daily Simple SOFR Option

Daily Simple SOFR Option means the option of the Borrower to have Swing Loans bear interest at the rate and under the terms specified in Section 4.1.1(c)(ii) [Swing Loan Interest Rate].
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Daily Simple SOFR Option shall have the meaning set forth in Section 2.04(A)(1).
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Related to Daily Simple SOFR Option

  • Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

  • Daily Simple SOFR Loan means a Loan that bears interest at a rate based on Daily Simple SOFR.

  • Daily Simple RFR means, for any day (an “RFR Rate Day”), a rate per annum equal to, for any Obligation, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Pounds Sterling, the greater of (i) XXXXX for the day (such day “i”) that is five RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such XXXXX is published by the XXXXX Administrator on the XXXXX Administrator’s Website, and (ii) the Floor, and (b) Japanese Yen, the greater of (i) TONAR for the day (such day “i”) that is five RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such TONAR is published by the TONAR Administrator on the TONAR Administrator’s Website, and (ii) the Floor. If by 5:00 pm (local time for the applicable RFR) on the second (2nd) RFR Business Day immediately following any day “i”, the RFR in respect of such day “i” has not been published on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR for such day “i” will be the RFR as published in respect of the first preceding RFR Business Day for which such RFR was published on the RFR Administrator’s Website; provided that any RFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Rate Days. Any change in Daily Simple RFR due to a change in the applicable RFR shall be effective from and including the effective date of such change in the RFR without notice to the Borrowers.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.