Common use of Daily Simple SOFR Advances Clause in Contracts

Daily Simple SOFR Advances. During such periods as such Advance is a Daily Simple SOFR Advance (selected in accordance with the applicable Notice of Borrowing), a rate per annum equal at all times to the sum of (x) Adjusted Daily Simple SOFR in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each February, May, August and November during such periods and on the date such Daily Simple SOFR Advance shall be Converted or paid in full.

Daily Simple SOFR Advances. During such periods as such Revolving Advance is a Daily Simple SOFR Advance (selected in accordance with the applicable Notice of Borrowing)Advance, a rate per annum equal at all times to the sum of (x) Adjusted Daily Simple SOFR in effect from time to time plus (y) the Applicable Margin Rate for Daily Simple SOFR Advances in effect from time to time, payable in arrears quarterly on the last day of each FebruaryMarch, MayJune, August September and November December during such periods and on the date such Daily Simple SOFR Advance shall be Converted or paid in full.

Daily Simple SOFR Advances. During such periods as such Advance is a Daily Simple SOFR Advance (selected in accordance with the applicable Notice of Borrowing)Advance, a rate per annum equal at to all times to the sum of (x) Adjusted the Daily Simple SOFR rate applicable to such Advances, as in effect from time to time (it being understood that Daily Simple SOFR shall be determined on a daily basis) plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day Business Day of each Februarycalendar month and the Termination Date, May, August and November during such periods and on the date such Daily Simple SOFR Advance shall be Converted or paid in fulleach case payable in Dollars.

Daily Simple SOFR Advances. During such periods as such Advance is a Daily Simple SOFR Advance (selected in accordance with the applicable Notice of Borrowing), a rate per annum equal at all times to the sum of (x) Adjusted Daily Simple SOFR in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day Business Day of each February, May, August and November during such periods and on the date such Daily Simple SOFR Advance shall be Converted or paid in full.