Daily SOFR Advances. During such periods as such Advance is a Daily SOFR Advance, a rate per annum equal at all times to the sum of (A) Adjusted Daily SOFR in effect from time to time plus (B) the Applicable Margin in respect of Daily SOFR Advances in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Daily SOFR Advance shall be Converted or paid in full.
Appears in 3 contracts
Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Daily SOFR Advances. During such periods as such Advance is a For each Daily SOFR Advance, a rate per annum equal at all times to the sum of (A) Adjusted Daily SOFR in effect from time to time plus (B) the SOFR Adjustment plus (C) the Applicable Margin in respect of Daily SOFR Advances such Advance in effect from time to time, payable in arrears quarterly on the last first day of each March, June, September and December fiscal quarter during such periods period and on the date such Daily SOFR Swing Line Advance shall be Converted or paid in full.
Appears in 1 contract
Daily SOFR Advances. During such periods as such Advance is a Daily SOFR Advance, a rate per annum equal at all times to the sum of (A) Adjusted Daily SOFR in effect from time to time plus (B) the Applicable Margin in respect of Daily SOFR Advances in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Daily SOFR Advance shall be Converted or paid in full.effect
Appears in 1 contract
Daily SOFR Advances. During such periods as such Advance is a For each Daily SOFR Advance, a rate per annum equal at all times to the sum of (A) Adjusted Daily SOFR in effect from time to time plus (B) the SOFR Adjustment plus (C) the Applicable Margin in respect of Daily SOFR Advances such Advance in effect from time to time, payable in arrears quarterly on the last first day of each March, June, September and December fiscal quarter during such periods period and on the date such Daily SOFR Swing Line Advance shall be Converted or paid in full.. β
Appears in 1 contract
