Examples of Compounded Daily SOFR in a sentence
From (and including) [●], 2024 to (but excluding) the Maturity Date, the interest rate on the Senior Notes will be equal to the Benchmark (initially, Compounded Daily SOFR) plus [●]% per annum (the “Floating Rate Notes Margin”), accruing from (and including) [●], 2024 to (but excluding) the Maturity Date.
From (and including) the Issue Date to (but excluding) maturity, the interest rate on the Floating Rate Notes will be equal to the Benchmark (initially, Compounded Daily SOFR (both terms as defined in the Preliminary Prospectus Supplement)) plus 1.300% per annum, accruing from (and including) the Issue Date to (but excluding) maturity.
For the Floating Rate Notes - from (and including) August 15, 2024, to (but excluding) maturity, a rate per annum equal to the Compounded Daily SOFR plus 1.300%, accruing from (and including) August 15, 2024 to (but excluding) maturity.