SARON means, in respect of any Zurich Banking Day, the Swiss Average Rate Overnight for such Zurich Banking Day published by the SARON Administrator on the SARON Screen Page (as defined below) at the SARON Relevant Time on such Zurich Banking Day;
SARON means a rate equal to the Swiss Average Rate Overnight as administered by the SARON Administrator.
SARON means, in respect of any Business Day, a reference rate equal to the daily Swiss Average Rate Overnight for such Business Day as provided by the SARON Administrator and as then published on the SIX Group's Website at the SARON Specified Time on such Business Day;
Examples of SARON in a sentence
Very truly yours, COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH By: Name: Title: If you have any questions please contact Phone: Email: By: Name: Title: IMPORTANT INFORMATION: THE FORMULA FOR DAILY COMPOUNDED SOFR / SXXXX / SARON OR TONAR INTEREST IS IN YOUR LOAN DOCUMENTATION.
All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to Term SOFR) and for Loans denominated in Alternative Currencies (other than Alternative Currency Loans with respect to SARON) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.
More Definitions of SARON
SARON means, with respect to any applicable determination date, the Swiss Average Rate Overnight published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto.
SARON with respect to any applicable determination date means the Swiss Average Rate Overnight as published on such date on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided that if such day is not a Business Day, then SARON means such rate published on the Business Day immediately prior thereto; provided that SARON as determined in accordance with the immediately foregoing proviso shall apply to any outstanding Loan based on SARON for no more than four consecutive days.
SARON means, in respect of any Zurich Banking Day,
SARON means the Swiss Average Rate Overnight as published by the Benchmark Administrator or its agent.
SARON means, with respect to any Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such Business Day published by the SARON Administrator on the SARON Administrator’s Website; provided that, if Daily Simple SARON is less than 0.00%, SARON shall be deemed to be 0.00% for purposes of this Agreement.
SARON means the Benchmark - Swiss Average Rate Overnight, the Administrator of which is SIX Swiss Exchange or another entity which assumes this role in the future;
SARON means, with respect to any RFR Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such RFR Business Day published by the SIX Swiss Exchange AG (or any successor administrator for the Swiss Average Rate Overnight) on the SIX Swiss Exchange AG’s website, currently at xxxx://xxx.xxx-xxxxx.xxx (or any successor source for the Swiss Average Rate Overnight identified as such by the administrator for the Swiss Average Rate Overnight from time to time).