Examples of Daily Simple XXXXX in a sentence
The applicable Borrower shall from time to time select and give notice to the Agent of the LIBOR Period, XXXXX Period or EURIBOR Period for athe applicable LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance, which shall commence on the making of the LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance or at the expiry of any outstanding LIBOR Period, XXXXX Period or EURIBOR Period applicable to asuch LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance that is being rolled over.
If the Canadian Benchmark Replacement is Daily Simple XXXXX, all interest payments will be payable on a quarterly basis.
The Administrative Agent and their affiliates or other related entities may engage in transactions that affect the calculation of Prime Rate, Base Rate, CDOR, EURIBOR, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR, Daily Simple SONIA, CORRA, Daily Simple XXXXX, or Term XXXXX or any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
All outstanding Loans to the Canadian 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 Canadian Prime Rate, the BA RateTerm XXXXX, Daily Simple XXXXX or, in the case of Loans denominated in Dollars, Term SOFR or the Canadian Base Rate, plus the Applicable Margin, but not to exceed the Maximum Rate.
Overdue interest with respect to a LIBOR Advance, Daily Simple XXXXX Advance and EURIBOR Advance shall, upon the expiry of the LIBOR Period, XXXXX Period or EURIBOR Period applicable to such LIBOR Advance, Daily Simple XXXXX Advance or EURIBOR Advance, bear interest, payable on demand, calculated at the rates applicable to Base Rate Advances if such Advance is in US Dollars and at the rates applicable to Advances at the Overnight Rate if such Advance is in an Agreed Currency other than US Dollars.