Daily Simple SOFR Option definition

Daily Simple SOFR 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).
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Daily Simple SOFR Option means the option of the Borrower to have Swing Loans bear interest at the rate and under the terms specified in Section 4.1(b)(ii) [Swing Loan Interest Rate].
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Daily Simple SOFR Option means the option of the Borrowing Agent to have Loans bear interest at the rate and under the terms specified in Section 4.1.1.3(i) [Revolving Credit Daily Simple SOFR Option].
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Examples of Daily Simple SOFR Option in a sentence

  • Interest on Loans to which the Base Rate Option or Daily Simple SOFR Option applies shall be due and payable in arrears on each Payment Date.

  • Interest on Loans to which the Daily Simple SOFR Option applies shall be due and payable in arrears on the first day of each calendar month.

  • A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to Daily Simple SOFR plus the SOFR Adjustment plus the Applicable Margin; provided, however, that the aggregate outstanding amount of Revolving Credit Loans to which the Daily Simple SOFR Option applies shall not exceed $50,000,000 at any time.

  • Such discussions may continue at the sole option of the State until an agreement is reached or all Proposals are rejected.

  • Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Daily Simple SOFR Option.

  • Interest on Loans to which the Base Rate Option or Daily Simple SOFR Option applies, shall be due and payable in arrears on each Payment Date and the Expiration Date or the applicable Specified Maturity Date.

  • Each Swing Loan Request shall be irrevocable and shall specify (a) the proposed Borrowing Date, (b) the principal amount of such Swing Loan, which shall not be less than $250,000.00 and shall be an integral multiple of $50,000.00 and (c) whether such Swing Loan is at the Base Rate Option or the Daily Simple SOFR Option.


More Definitions of Daily Simple SOFR Option

Daily Simple SOFR Option means the option of the Seller to have Investments accrue Yield at the rate and under the terms specified in Section 1.12(a)(i)(B)(1).
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Daily Simple SOFR Option shall have the meaning set forth in Section 2.04(A)(1).
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Related to Daily Simple SOFR Option

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Company Option means an option to purchase shares of Company Common Stock.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Optioned Stock means the Common Stock subject to an Option.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.