Daily Rate Loan means a Loan that bears interest at a rate based on the (i) Base Rate, (ii) Daily Simple RFR, or (iii) Daily Simple SOFR.
Daily Rate Loan means a Loan that bears interest at a rate based on the (i) Base Rate or (ii) Daily Simple RFR."
Daily Rate Loan means a Base Rate Loan or a Canadian Prime Rate Loan.
Examples of Daily Rate Loan in a sentence
An Alternative Currency Daily Rate Loan, an Alternative Currency Term Rate Loan or a Bid Rate Loan denominated in an Alternative Currency, as applicable.
As to any Base Rate Loan, Daily SOFR Loan and Alternative Currency Daily Rate Loan, the last day of any calendar month in which such Loan is outstanding and the Maturity Date of the Facility under which such Loan was made.
As to any Revolving Credit Loan or Incremental Term Loan, its nature as a Base Rate Loan, a Daily SOFR Loan, a Term SOFR Loan, an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, and as to any Bid Rate Loan, its nature as an Absolute Rate Loan or an Index Rate Loan.
An Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.
More Definitions of Daily Rate Loan
Daily Rate Loan means a Danish Swing Line Loan that bears interest based on the Daily Euro Rate or the Daily Sterling Rate.
Daily Rate Loan means a Loan that bears interest at a rate based on the (i) Base Rate, (ii) Daily Simple RFR or (iii) Daily Simple SOFR. “Daily Rate Loan Option” shall mean the option of the Borrowing Agent to have Revolving Loans bear interest at the rate and under the terms
Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Daily Rate.” All Daily Rate Loans must be denominated in an Alternative Currency.
Daily Rate Loan means, individually or collectively, Base Rate Loans or LMIR Loans.
Daily Rate Loan or “Daily Rate Borrowing” shall mean an ABR Loan, a Canadian Prime Rate Loan or an Alternative Currency Daily Rate
Daily Rate Loan means a Loan bearing interest at the Daily LIBOR Rate.
Daily Rate Loan means a Loan that bears interest at a rate based on (i) the Alternate Base Rate, (ii) Daily Simple RFR or (iii) Daily Simple SOFR. “Daily Rate Loan Option” means the option of the Borrower to have Loans bear interest at the rate and under the terms specified in Section 2.08(b). “Daily Simple RFR” means, for any day (an “RFR Day”), a rate per annum determined by the Administrative Agent, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to any applicable Daily Simple RFR below by dividing (the resulting quotient rounded upwards, at the Administrative Agent’s discretion, to the nearest 1/100 of 1%) (a) the applicable Daily Simple RFR set forth below by (b) a number equal to 1.00 minus the RFR Reserve Percentage: Euro, €STR for the day (such day, adjusted as applicable as set forth herein, the “€STR Lookback Day”) that is two (2) Business Days prior to (A) if such RFR Day is a Business Day, such RFR Day or (B) if such RFR Day is not a Business Day, the Business Day immediately preceding such RFR Day, in each case, as such €STR is published by the €STR Administrator on the €STR Administrator’s Website; provided that if the adjusted rate as determined above would be less than the Floor, such rate shall be deemed to be the Floor for purposes of this Agreement. The adjusted Daily Simple RFR rate for each outstanding Daily Simple RFR Loan shall be adjusted automatically as of the effective date of any change in the RFR Reserve Percentage. The Administrative Agent shall give prompt notice to the Borrower of the adjusted Daily Simple RFR Rate as determined or adjusted in accordance herewith, which determination shall be conclusive absent manifest error. If by 5:00 pm (local time for the applicable RFR) on the second (2nd) Business Day immediately following any Daily Simple RFR Lookback Day, the RFR in respect of such Daily Simple RFR Lookback Day has not been published on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR for such Daily Simple RFR Lookback Day will be the RFR as published in respect of the first preceding Business Day for which such RFR was published on the RFR Administrator’s Website; provided that any RFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Days. Any change in Daily Simple RFR du...