Daily SOFR Borrowing definition

Daily SOFR Borrowing means a Borrowing comprised of one or more Daily SOFR Loans.
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Daily SOFR Borrowing means a Borrowing comprised of one or more Daily SOFR Loans. “Daily SOFR Interest Day” is defined in the definition of “Daily Simple SOFR”.
Sample 1
Daily SOFR Borrowing as to any Borrowing, the Daily SOFR Loans comprising such Borrowing.
Sample 1

Examples of Daily SOFR Borrowing in a sentence

  • Each Loan Request shall specify: (a) the aggregate amount to be borrowed, (b) the requested Borrowing Date, (c) whether the borrowing is to be an Adjusted Daily SOFR Borrowing or an Adjusted Base Rate Borrowing, and (d) the required information and calculations evidencing compliance with the limitations set forth in Section 2.01 above, and shall be accompanied by the Floor Plan Borrowers’ inventory worksheet and a copy of the title to any Eligible Used Floor Plan Unit.

  • The cost of DNA extraction is greatly reduced compared to commercial kits.

  • The Loans comprising each Daily SOFR Borrowing shall bear interest at a rate per annum equal to Daily SOFR plus the Applicable Rate.


More Definitions of Daily SOFR Borrowing

Daily SOFR Borrowing has the meaning set forth in Section 1.3.
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Related to Daily SOFR Borrowing

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Committed Borrowing.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.