Daily One Month Term SOFR Determination Day definition

Daily One Month Term SOFR Determination Day has the meaning specified in the definition of “Daily One Month Term SOFR”.
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Daily One Month Term SOFR Determination Day has the meaning specified in the definition of “Daily One Month Term SOFR”. “Daily One Month Term SOFR Financial Institution” means (i) PNC and (ii) any other Financial Institution that has provided written notice to the Seller of its election to be a “Daily One Month Term SOFR Financial Institution” hereunder; provided, however, that any Daily One Month Term SOFR Financial Institution may cease to be a Daily One Month Term SOFR Financial Institution on any day by providing written notice thereof to the Seller. “Days Sales Outstanding” means, on any date, the number of days equal to the product of (a) 30 and (b) the amount obtained by dividing (i) the aggregate Outstanding Balance of all Receivables as of the Cut-Off Date of the most recently ended Fiscal Month, by (ii) the aggregate initial Outstanding Balance of all Receivables which were originated during the immediately preceding Fiscal Month.
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Related to Daily One Month Term SOFR Determination Day

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Term SOFR Determination Day has the meaning assigned to it under the definition of Term SOFR Reference Rate.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate 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.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • SOFR Determination Time means 3:00 p.m. (New York time) on the U.S. Government Securities Business Day, at which time Compounded SOFR is published on the FRBNY’s Website.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.