Adjusted Daily Simple XXXXX definition

Adjusted Daily Simple XXXXX an interest rate per annum equal to (a) Daily Simple XXXXX, plus (b) 0.29547%; provided that if Adjusted Daily Simple XXXXX as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
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Adjusted Daily Simple XXXXX means, for any day (a “XXXXX 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 Xxxxxxxx, the greater of (i) the sum of (A) XXXXX for the day (such day, a “Sterling RFR Determination Day”) that is five (5) RFR Business Days prior to (I) if such XXXXX RFR Rate Day is an RFR Business Day, such XXXXX RFR Rate Day or (II) if such XXXXX RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such XXXXX RFR Rate Day, in each case, as such XXXXX is published by the XXXXX Administrator on the XXXXX 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, XXXXX in respect of such Sterling RFR Determination Day has not been published on the XXXXX Administrator’s Website and a Benchmark Replacement Date with respect to the Adjusted Daily Simple XXXXX for Xxxxxxxx has not occurred, then XXXXX for such Sterling RFR Determination Day will be XXXXX as published in respect of the first preceding RFR Business Day for which such XXXXX was published on the XXXXX Administrator’s Website; provided further that XXXXX as determined pursuant to this proviso shall be utilized for purposes of calculation of Adjusted Daily Simple XXXXX for no more than three (3) consecutive XXXXX RFR Rate Days and (B) the XXXXX Xxxxxxxxxx and (ii) the Floor.
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Adjusted Daily Simple XXXXX means, with respect to any Eurocurrency Loan Borrowing denominated in Pounds Sterling, an interest rate per annum equal to (a) Daily Simple XXXXX, plus (b) 0.0326 %.
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Examples of Adjusted Daily Simple XXXXX in a sentence

  • The Administrative Agent shall promptly notify the Borrowers and the Banks of each determination of a Eurocurrency Rate, Adjusted Term XXXXX Rate, Adjusted Term SOFR Rate, Adjusted Daily Simple SOFR, Adjusted Daily Simple XXXXX and/or Adjusted Daily Simple XXXXX.

  • During such periods as such Advance is a Daily Simple XXXXX Advance, a rate per annum equal at all times to the sum of (x) Adjusted Daily Simple XXXXX in effect from time to time for such Advance plus (y) the Applicable Margin in effect from time to time for such Advance, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Daily Simple XXXXX Advance shall be Converted or paid in full.

  • XXXXX Loans shall bear interest for each day during the period from the date thereof until the payment in full thereof on the unpaid principal amount thereof at a fluctuating rate per annum equal to Adjusted Daily Simple XXXXX for such day plus the Applicable Margin.

  • The applicable Adjusted Daily Simple XXXXX or Daily Simple XXXXX shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • During such periods as such Advance is a XXXXX Advance, a rate per annum equal at all times to the sum of (x) Adjusted Daily Simple XXXXX plus (y) the Applicable Margin in effect from time to time, payable in arrears on each Interest Payment Date and on the date such XXXXX Advance shall be paid in full.


More Definitions of Adjusted Daily Simple XXXXX

Adjusted Daily Simple XXXXX means, for purposes of any calculation, the rate per annum equal to (a) Daily Simple XXXXX plus (b) the XXXXX Adjustment.
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Adjusted Daily Simple XXXXX means with respect to a Daily Simple XXXXX Loan, the sum of (a) Daily Simple XXXXX and (b) the Daily Simple XXXXX Adjustment; provided that if Adjusted Daily Simple XXXXX as so determined would be less than the Floor, then Adjusted Daily Simple XXXXX shall be deemed to be the Floor.
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Adjusted Daily Simple XXXXX means, with respect to any RFR Borrowing denominated in Sterling, an interest rate per annum equal to (a) the Daily Simple XXXXX plus (b) 0.0326%; provided that if the Adjusted Daily Simple XXXXX as so determined would be less than zero, such rate shall be deemed to be zero.
Sample 1
Adjusted Daily Simple XXXXX for purposes of any calculation, the rate per annum equal to Daily Simple XXXXX plus 0.29547%; provided that if Adjusted Daily Simple XXXXX as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.
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Adjusted Daily Simple XXXXX has the meaning specified therefor in the definition of “Adjusted Daily Simple RFR”.
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Adjusted Daily Simple XXXXX means with respect to a Daily Simple XXXXX Loan, the greater of (1) the sum of (a) Daily Simple XXXXX and (b) 0.29547% (29.547 basis points), and (2) the Floor.
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Adjusted Daily Simple XXXXX 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 XXXXX 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.
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