Common use of Determination of Compounded SOFR Clause in Contracts

Determination of Compounded SOFR. Compounded SOFR with respect to each Payment Date will be determined as set forth under Section 6.1(p) All percentages resulting from any calculation on the Class A-1b Notes shall be rounded to the nearest one hundred-thousandth of a percentage point, with five-millionths of a percentage point rounded upwards (e.g., 9.8765445% (or 0.098765445) would be rounded to 9.87655% (or 0.0987655)), and all dollar amounts used in or resulting from that calculation on the Class A-1b Notes will be rounded to the nearest cent (with one-half cent being rounded upwards).