Determination of Benchmark; Determination of Yield; Maximum Interest and Yield. (a) On each Periodic Term SOFR Determination Date, the Deal Agent shall determine and deliver to the Servicer the applicable Benchmark with respect to the related Accrual Period.
Appears in 2 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Determination of Benchmark; Determination of Yield; Maximum Interest and Yield. (a) On each Periodic Term SOFR Benchmark Determination Date, the Deal Agent shall determine and deliver to the Servicer the applicable Benchmark with respect to the related Accrual Period (or each day in such related Accrual Period, if applicable).
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
Determination of Benchmark; Determination of Yield; Maximum Interest and Yield. (a) On each Periodic Term SOFR Benchmark Determination Date, the Deal Agent shall determine and deliver to the Servicer the applicable Benchmark Interest Rate with respect to the related Accrual Period.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
