Adjusted Daily Simple SONIA definition
Adjusted Daily Simple SONIA means, for purposes of any calculation, the rate per annum equal to (a) Daily Simple SONIA for such calculation day plus (b) the SONIA Adjustment; provided that if Adjusted Daily Simple SONIA as so determined shall ever be less than the Floor, then Adjusted Daily Simple SONIA shall be deemed to be the Floor.
Adjusted Daily Simple SONIA means, with respect to any Borrowing or LC Disbursement denominated in Sterling, an interest rate per annum equal to (a) the Daily Simple SONIA plus (b) (i) in the case of any such Borrowing, 0.0326% or (ii) in the case of any such LC Disbursement, -0.0024%; provided that if such rate shall be less than zero, such rate shall be deemed to be zero.
Adjusted Daily Simple SONIA means, with respect to any Eurocurrency Loan Borrowing denominated in Pounds Sterling, an interest rate per annum equal to (a) Daily Simple SONIA, plus (b) 0.0326 %.
More Definitions of Adjusted Daily Simple SONIA
Adjusted Daily Simple SONIA means, with respect to any Revolving Credit Loan or Unpaid Drawing denominated in Pounds Sterling, a rate per annum equal to (a) the Daily Simple SONIA plus (b) (i) in the case of a Revolving Credit Loan, 0.10% or (ii) in the case of an Unpaid Drawing denominated in Pounds Sterling, -0.0024%; provided that if such rate shall be less than zero, such rate shall be deemed to be zero.
Adjusted Daily Simple SONIA means an interest rate per annum equal to the Daily Simple SONIA plus (b) 0.0326%.
Adjusted Daily Simple SONIA means, for any day (a “SONIA RFR Rate Day”), a rate per annum equal to, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to Sterling, the greater of (i) the sum of (A) SONIA for the day (such day, a “Sterling RFR Determination Day”) that is five (5) RFR Business Days prior to (I) if such SONIA RFR Rate Day is an RFR Business Day, such SONIA RFR Rate Day or (II) if such SONIA RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such SONIA RFR Rate Day, in each case, as such SONIA is published by the SONIA Administrator on the SONIA Administrator’s Website; provided that if by 5:00 p.m. (London time) on the second RFR Business Day immediately following any Sterling RFR Determination Day, SONIA in respect of such Sterling RFR Determination Day has not been published on the SONIA Administrator’s Website and a Benchmark Replacement Date with respect to the Adjusted Daily Simple SONIA for Sterling has not occurred, then SONIA for such Sterling RFR Determination Day will be SONIA as published in respect of the first preceding RFR Business Day for which such SONIA was published on the SONIA Administrator’s Website; provided further that SONIA as determined pursuant to this proviso shall be utilized for purposes of calculation of Adjusted Daily Simple SONIA for no more than three (3) consecutive SONIA RFR Rate Days and (B) the SONIA Adjustment and (ii) the Floor.