Examples of Daily Simple SOFR in a sentence
If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.
If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis.
The applicable Alternate Base Rate or Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate, or Adjusted Daily Simple SOFR shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate, or Adjusted Daily Simple SOFR, respectively.
The applicable Alternate Base Rate, Adjusted Daily Simple SOFR or Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.