Daily Simple SXXXX definition

Daily Simple SXXXX means, for any day (a “SXXXX Rate Day”), a rate per annum equal to, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, GBP, the sum of (i) SXXXX for the day (such day, a “SXXXX Determination Day”) that is five (5) Business Days prior to (x) if such SXXXX Rate Day is a Business Day, such SXXXX Rate Day or (y) if such SXXXX Rate Day is not a Business Day, the Business Day immediately preceding such SXXXX Rate Day, in each case, as such SXXXX is published by the SXXXX Administrator on the SXXXX Administrator’s Website by 12:00 p.m. (London, United Kingdom time) and (ii) 0.0326%. If by 5:00 p.m. (London, United Kingdom time) on the second (2nd) Business Day immediately following the SXXXX Determination Day, SXXXX in respect of such SXXXX Determination Day has not been published on the SXXXX Administrator’s Website and a SXXXX Replacement Date has not occurred, then the SXXXX for such SXXXX Determination Day will be the SXXXX as published in respect of the first (1st) preceding Business Day for which such SXXXX was published on the SXXXX Administrator’s Website; provided that any SXXXX determined pursuant to this sentence shall be utilized for purposes of calculating Daily Simple SXXXX for no more than three (3) consecutive SXXXX Rate Days; provided, further, that any calculation of Daily Simple SXXXX shall be rounded to four decimal places and if that rate is less than zero, the Daily Simple SXXXX shall be deemed to be zero. Any change in Daily Simple SXXXX due to a change in the SXXXX shall be effective from and including the effective date of such change in the SXXXX without notice to the Borrower.
Sample 1
Daily Simple SXXXX means, for any day (a “SXXXX Interest Day”), a rate per annum equal to the greater of (a) SXXXX for the day that is five SXXXX Business Days prior to (A) if such SXXXX Interest Day is a SXXXX Business Day, such SXXXX Interest Day or (B) if such SXXXX Interest Day is not a SXXXX Business Day, the SXXXX Business Day immediately preceding such SXXXX Interest Day and (b) zero.
Sample 1Sample 2Sample 3
Daily Simple SXXXX means, for any day (a “SXXXX Interest Day”), an interest rate per annum equal to the greater of (a) (x) SXXXX for the day that is 5 SXXXX Business Days prior to (A) if such SXXXX Interest Day is a SXXXX Business Day, such SXXXX Interest Day or (B) if such SXXXX Interest Day is not a SXXXX Business Day, the SXXXX Business Day immediately preceding such SXXXX Interest Day (such SXXXX Business Day determined pursuant to each of subclauses (A) and (B), the “SXXXX Lookback Day”), (y) if SXXXX is not available for the SXXXX Lookback Day determined pursuant to clause (x) above, if by 5:00 p.m., London time, on the second (2nd) Business Day immediately following any day “i”, SXXXX in respect of such day “i” has not been published on the SXXXX Administrator’s Website, then SXXXX for such day “i” will be SXXXX as published in respect of the first preceding Business Day for which SXXXX was published on the SXXXX Administrator’s Website (provided that SXXXX determined pursuant to this clause (y) shall be utilized for purposes of calculation of Daily Simple SXXXX for no more than three (3) consecutive SXXXX Interest Days) or (z) if SXXXX has been determined pursuant to clause (y) above for three (3) consecutive SXXXX Interest Days and SXXXX remains unavailable for the relevant SXXXX Lookback Day, SXXXX shall be (1) the percentage rate per annum which is the aggregate of (I) the GBP CBR for such SXXXX Lookback Day and (II) the GBP Central Bank Rate Adjustment or (2) if clause (z)(1) applies but the SXXXX CBR for the applicable SXXXX Lookback Day is not available, the Daily Simple SXXXX for such SXXXX Lookback Day shall be the percentage rate per annum which is the aggregate of (I) the most recent GBP CBR for an SXXXX Business Day which is no more than five SXXXX Business Days before that SXXXX Lookback Day and (II) the GBP Central Bank Adjustment and (b) 0%.
Sample 1

Examples of Daily Simple SXXXX in a sentence

  • Governing Law; Jurisdiction; Consent to Service of Process 114 Section 13.18.

  • The Loans comprising each (i) Base Rate Borrowing shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin, and (ii) SXXXX Borrowing shall bear interest at a rate per annum equal to Daily Simple SXXXX plus the Applicable Margin.

  • The applicable Base Rate, Daily Simple SXXXX or Adjusted LIBO Rate shall be determined by Administrative Agent, and such determination shall be conclusive absent manifest error.

  • Thereafter, until each affected Lxxxxx notifies the Administrative Agent and the Administrative Agent notifies the Borrower that the circumstances giving rise to such determination no longer exist, any obligation of such Lender to make SXXXX Loans shall be suspended, and such Loans shall instead be made at a rate equal to the Daily Simple SXXXX Rate for the date upon which the Illegality Notice was delivered plus the Applicable Margin.

  • All outstanding French Swingline Loans to the French Borrowers shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Foreign Base Rate or, the LIBOR Rate or Daily Simple SXXXX, as applicable, plus the Applicable Margin, but not to exceed the Maximum Rate.

  • All of these were validated as correct findings, which were rewarded by Bugcrowd Inc., albeit one submission was a duplicate as another security researcher had found the same vulnerability before.Circumvent Password Rules (status: valid)During the registration of a new user or the password change functionality for an existing user, it was necessary to type in at least eight characters to fulfil the password requirements.

  • Each Lxxxxx agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted Eurocurrency Rate, Daily Simple SXXXX or the Adjusted Term SOFR Rate.

  • Each GBP Loan shall bear interest at a rate per annum equal to the sum of Daily Simple SXXXX plus the Applicable Margin.

  • For purposes of the foregoing, the Benchmark for each Calculation Period with respect to Daily Simple SXXXX shall be the weighted average of such Benchmark as determined on each day during such Calculation Period in respect of Advances denominated in GBP.


More Definitions of Daily Simple SXXXX

Daily Simple SXXXX shall be a comparable successor rate per annum reasonably determined by the Borrower and the Administrative Agent (each acting reasonably) that is, at such time, generally accepted by the syndicated loan market for loans denominated in Sterling in lieu of “SXXXX” and approved by the Revolving Credit Lenders; provided, that the Revolving Credit Lenders shall be deemed to have approved such successor rate if the Required Revolving Lenders have not objected in writing thereto within five Business Days of receipt of notice thereof (notwithstanding anything in Section 9.02 to the contrary). It is understood and agreed that Daily Simple SXXXX constitutes the comparable successor rate determined by the Borrower and the Administrative Agent and approved by the Revolving Credit Lenders in accordance with clause (b) of the definition of “Sterling LIBO Rate”.
Sample 1
Daily Simple SXXXX means, for any day, an interest rate per annum equal to SXXXX for (a) if such day is a Business Day, such day or (b) if such day is not a Business Day, the Business Day immediately preceding such day, in each case plus 0.05%; provided that if such rate as determined above is less than zero, such rate shall be deemed to be zero. Any change in Daily Simple SXXXX due to a change in SXXXX shall be effective from and including the effective date of such change in SXXXX without notice to the Borrowers.
Sample 1
Daily Simple SXXXX means, for each day during any Calculation Period, SXXXX, with the conventions for this rate (which may include a lookback) being established by the Administrative Agent in consultation with the Company in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining "Daily Simple SXXXX" for business loans, as determined for such day at approximately 11:00 a.m., London time, on the immediately preceding Business Day. If such rate is not available at such time for any reason, then Daily Simple SXXXX for such day shall be the rate (which shall not be less than zero) at which GBP deposits in an amount corresponding to the amount of such Advance are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market. Notwithstanding anything in the foregoing to the contrary, if Daily Simple SXXXX as calculated for any purpose under this Agreement is below zero percent, Daily Simple SXXXX will be deemed to be zero percent for such purpose until such time as it exceeds zero percent again.
Sample 1
Daily Simple SXXXX means, for any day (a “SXXXX Interest Day”), an interest rate per annum equal to the greater of:
Sample 1
Daily Simple SXXXX means, for any Business Day, SXXXX, as shown on the Reuters Screen (or any applicable successor thereto) with the conventions for this rate (which on any day shall be the daily rate that includes a five Business Day lookback period prior to such day) being established by the Facility Agent, with the consent of the Servicer, in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SXXXX” for business loans or conventions that are otherwise used in the United States syndicated lending market for syndicated loans denominated in GBP; provided that, in the event no such rate is shown, Daily Simple SXXXX shall be a comparable or successor rate as published on the applicable Reuters Screen page (or on the appropriate page of such other information service which publishes that rate from time to time in place thereof) as of 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Accrual Period.
Sample 1

Related to Daily Simple SXXXX

  • 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.

  • 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.

  • Adjusted Daily Simple SOFR means 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.

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

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Compounded Daily XXXXX means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Fiscal Agent or the Calculation Agent, as applicable, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • DAILY LOG BOOK means the format as may be certified by the Company's Engineer on a day-to-day basis during the tenure of this Agreement.

  • Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

  • Open burning means the combustion of any material without the following characteristics:

  • Daily Usage File or “DUF” or “Usage Extract” means a service which provides End User usage call records as described in Attachment 11 - Daily Usage File.

  • Regulations D, T, U and X” means, respectively, Regulations D, T, U and X of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time.

  • Daily One Month LIBOR means, for any day, the rate of interest equal to LIBOR then in effect for delivery for a one (1) month period.