Daily Rate Loan Option means the option of the Borrowers to have Loans bear interest at the applicable rate and under the terms specified in Section 2.3(a).
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 4.1.1(b) [Revolving Credit Daily Simple RFR Option] or Section 4.1.1(c)(ii) [Swing Loan Daily Simple RFR Option], as applicable.
Daily Rate Loan Option means the Base Rate Option or the Daily Simple RFR Option, applicable.
Examples of Daily Rate Loan Option in a sentence
Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option or, in the case of Revolving Credit Loans in Alternative Currencies, the Daily Rate Loan Option, and shall be deemed to have been properly requested in accordance with Section 2.4.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision.
More Definitions of Daily Rate Loan Option
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 Rate Loan Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 4.1(a)(ii) [Revolving Credit Loan Daily Rate Loan Option] or Section 4.1(c)(ii) [Term Loan and Delayed Draw Term Loan Daily Rate Loan Option], as applicable.
Daily Rate Loan Option means the option of the Borrowers 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%)