Daily Simple SOFR Rate Loan definition

Daily Simple SOFR Rate Loan means a Loan that bears interest at the Adjusted Daily Simple SOFR Rate.
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Daily Simple SOFR Rate Loan means a Committed Loan denominated in Dollars under the U.S. Tranche or the Euro Tranche that bears interest based on the Daily Simple SOFR Rate.
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Daily Simple SOFR Rate Loan means, with respect to Swing Loans, any Advance that bears interest based upon Daily Simple SOFR.
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Examples of Daily Simple SOFR Rate Loan in a sentence

  • Interest accrued on each Daily Simple SOFR Rate Loan (including any Swing Line Loan) shall be payable on the last day of its applicable Interest Period and on any date on which such Daily Simple SOFR Rate Loan is prepaid (or, in the case of a Swing Line Loan, repaid), whether by acceleration or otherwise (including due to Section 2.07(c)(ii) in the case of a Swing Line Loan), and on the Facility Termination Date.

  • The date of funding or conversion of a Term SOFR Rate Loan, Daily Simple SOFR Rate Loan or Quoted Rate Loan to a Base Rate Loan, and the first day of an Interest Period or Quoted Rate Period shall be included in the calculation of interest.

  • ACA publicly urges the United States to restart talks with North Korea on implementation of its nonpro- liferation commitments and to avert a restart of its weapons program Arms Control Today publishes a special report on the history, findings, and status of arms inspections and disarmament in Iraq; urges continued inspections to eliminate prohibited weapons and missiles.

  • Each Borrowing under the Term Loan II Facility shall be a Daily Simple SOFR Rate Loan and shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof, and the final Term Advance under the Term Loan II Facility shall be in the amount of the Available Term Loan II Commitments prior to giving effect to such Term Advance.

  • Subject to Section 2.10 and Section 2.19, each Term Advance made under the Term Loan I Facility shall be a Daily Simple SOFR Rate Loan.

  • Each Borrowing under the Term Loan I Facility shall be a Daily Simple SOFR Rate Loan and shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof, and the final Term Advance under the Term Loan I Facility shall be in the amount of the Available Term Loan I Commitments prior to giving effect to such Term Advance.

  • Upon a conversion from a Term SOFR Rate Loan or Quoted Rate Loan to a Daily Simple SOFR Rate Loan, interest at the Daily Simple SOFR Rate Option shall commence on the last day of the existing Interest Period or Quoted Rate Period, as applicable.

  • Interest on the principal amount of each Loan not constituting an ABR Loan, Quoted Rate Loan, Daily Simple SOFR Rate Loan or Term SOFR Rate Loan or on other monetary Obligation shall be due and payable on demand after such principal amount or other monetary Obligation becomes due and payable (whether on the stated Maturity Date, upon an accelerated Maturity Date or otherwise).

  • The decisions of different G7 Summit Meetings can be accessed through the G7’s website: http://www.g7.utoronto.ca/summit/index.htm [hereinafter Decisions of G7 Meetings].

  • If the Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of EurodollarDaily Simple SOFR Rate Loans before the Interest Payment Date therefor within the period required by Section 1.6(a) and such Borrowing is not prepaid in accordance with Section ​ 1.8(a), the Borrower shall be deemed to have selected that such Borrowing shall automatically be continued as a Borrowing of a Daily Simple SOFR Rate Loan.


More Definitions of Daily Simple SOFR Rate Loan

Daily Simple SOFR Rate Loan means a Loan that bears interest at a rate based on the Daily Simple SOFR Rate. “Declined Amount” has the meaning set forth in Section 2.9(d). “Default” means any event that, with the passing of time or the giving of notice or both, would become an Event of Default. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. § 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means, subject to Section 2.20(d), any Lender that (a) has failed to (i) fund all or any portion of its Revolving Loans within two Business Days of the date such Revolving Loans were required to be funded hereunder, or (ii) pay to the Administrative Agent, any Issuer or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified Borrower, the Administrative Agent or any Issuer in writing that it does not intend to comply with its funding obligations hereunder, (c) has failed, within five Business Days after written request by the Administrative Agent or Borrower, to confirm in writing to the Administrative Agent and Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and Borrower), (d) has or has a Parent Company that has, other than via an Undisclosed Administration (i) become the subject of a Bankruptcy Proceeding, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any Parent Company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
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Daily Simple SOFR Rate Loan means a Loan bearing interest at the Daily Simple SOFR Rate Option. A Daily Simple SOFR Rate Loan is a Loan not subject to an Interest Period.
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Daily Simple SOFR Rate Loan a Loan that bears interest at a rate based on the Daily Simple SOFR Rate. “Debt Financing”: the debt financing transactions contemplated under (a) the Loan Documents, (b) the Senior Secured Notes Documents and (c) the Camelot ABL Amendment and the ABL Facility Documents entered into in connection therewith, in each case including any Interest Rate Agreements related thereto.
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Related to Daily Simple SOFR Rate Loan

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

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.