Daily Simple RFR Borrowing definition

Daily Simple RFR Borrowing means, as to any Borrowing, the Loans bearing interest at a rate based on Adjusted Daily Simple RFR comprising such Borrowing.
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Daily Simple RFR Borrowing means, as to any Borrowing, the Loans bearing interest at a rate based on Daily Simple RFR comprising such Borrowing. “Daily Simple RFR Loan” means a Loan that bears interest at a rate based on Daily Simple RFR. “Daily Simple SOFR” shall mean, for any day (a “SOFR Rate Day”), a rate per annum equal to SOFR for the day that is five (5) RFR Business Days prior to (i) if such SOFR Rate Day is a RFR Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a RFR Business Day, the RFR Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website; provided that if the Daily Simple SOFR 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. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Parent Borrower. “Daily Simple SOFR Loan” means a Swing Loan that bears interest at a rate based on Adjusted Daily Simple SOFR. “Data Protection Laws” means all applicable Requirements of Law and industry standards that govern the privacy, protection, transfer or security (including breach notification obligations) of Personal Data, including without limitation, European Data Protection Laws, U.S. Data Protection Laws, the Data Security Law of the People’s Republic of China, the Personal Information Protection Law of the People's Republic of China, the Cybersecurity Law of the People's Republic of China and all equivalent, comparable or applicable federal, state privacy, security and data breach notification Requirements of Law that apply to Personal Data. “Data Subject” means an identified or identifiable natural person to whom Personal Data relates. “Debtor Relief Laws” means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or circumstance that, with the passing of time or the giving of notice or both, would (if not cured or otherwise remedied during such time) become an Event of Default. “Defaulting Lender” means any Revolving Lender whose acts or failure to act, whether directly or indirectly, cause it to meet any...
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Examples of Daily Simple RFR Borrowing in a sentence

  • If a Eurocurrency Borrowing or RFR Borrowing is requested but no Interest Period is specified, (i) if the Currency specified for such Borrowing is Dollars (or if no Currency has been so specified), the requested Borrowing shall be a Daily Simple RFR Borrowing denominated in Dollars having an Interest Period of one month’s duration, and (ii) if the Currency specified for such Borrowing is an Agreed Foreign Currency, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  • The shift to more communicative modes of policy-making involves the recognition that although we cannot know, we can learn.

  • The Loans constituting each Daily Simple RFR Borrowing shall bear interest on each day at a rate per annum equal to the Daily Simple RFR for such day plus the Applicable Margin.

  • Each Borrowing shall be in the minimum amount of $100,000 and in integral multiples of $100,000 (or the Equivalent Amount if denominated in an Alternative Currency), except that any Base Rate Borrowing or Daily Simple RFR Borrowing may be in the amount of the Available Revolving Commitment.

  • The Loans constituting each Daily Simple RFR Borrowing that are made by the Extending Lenders shall bear interest on each day at a rate per annum equal to the Daily Simple RFR for such day plus the Extended Lender Applicable Margin.

  • Notwithstanding anything to the contrary in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Event of Default, the Lender may, at its option, by notice to the Borrower, declare that no Borrowing in Dollars may be made as, converted into or continued as a Term SOFR Borrowing or a Daily Simple RFR Borrowing.

Related to Daily Simple RFR Borrowing

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.