Daily Simple SXXXX definition

Daily Simple SXXXX means, for any day (a “SXXXX Xxxx Day”), a rate per annum equal to, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, GBP, the sum of (i) SXXXX for the day (such day, a “SXXXX Determination Day”) that is five (5) Business Days prior to (x) if such SXXXX Rate Day is a Business Day, such SXXXX Xxxx Day or (y) if such SXXXX Rate Day is not a Business Day, the Business Day immediately preceding such SXXXX Xxxx Xxx, in each case, as such SXXXX is published by the SXXXX Administrator on the SXXXX Administrator's Website by 12:00 p.m. (London, United Kingdom time) and (ii) 0.0326%. If by 5:00 p.m. (London, United Kingdom time) on the second (2nd) Business Day immediately following the SXXXX Determination Day, SXXXX in respect of such SXXXX Determination Day has not been published on the SXXXX Administrator’s Website and a SXXXX Replacement Date has not occurred, then the SXXXX for such SXXXX Determination Day will be the SXXXX as published in respect of the first preceding Business Day for which such SXXXX was published on the SXXXX Xxxxxxxxxxxxx's Website; provided that any SXXXX determined pursuant to this sentence shall be utilized for purposes of calculating Daily Simple SXXXX for no more than three (3) consecutive SXXXX Rate Days; provided, further, that any calculation of Daily Simple SXXXX shall be rounded to four decimal places and if that rate is less than the Floor, the Daily Simple SXXXX shall be deemed to be the Floor. Any change in Daily Simple SXXXX due to a change in the SXXXX shall be effective from and including the effective date of such change in the SXXXX without notice to the Borrower.
Sample 1
Daily Simple SXXXX means, for any day (a “SXXXX Interest Day”), a rate per annum equal to the greater of (a) SXXXX for the day that is five SXXXX Business Days prior to (A) if such SXXXX Interest Day is a SXXXX Business Day, such SXXXX Interest Day or (B) if such SXXXX Interest Day is not a SXXXX Business Day, the SXXXX Business Day immediately preceding such SXXXX Interest Day and (b) zero.
Sample 1Sample 2Sample 3
Daily Simple SXXXX means, for any day (a “SXXXX Interest Day”), an interest rate per annum equal to the greater of:
Sample 1

Examples of Daily Simple SXXXX in a sentence

  • The Administrative Agent will promptly notify the Borrowers and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR, Daily Simple SXXXX or SXXXX.

  • Each SXXXX Advance shall bear interest on the outstanding principal amount thereof, for each date from and including the date such Advance is made, to but excluding the date it is paid, at a rate per annum equal to the Daily Simple SXXXX Rate plus the Applicable Margin.

  • For purposes of the foregoing, the Benchmark for each Calculation Period with respect to Daily Simple SXXXX shall be the weighted average of such Benchmark as determined on each day during such Calculation Period in respect of Advances denominated in GBP.

  • The Loans comprising each (i) Base Rate Borrowing shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin, and (ii) SXXXX Borrowing shall bear interest at a rate per annum equal to Daily Simple SXXXX plus the Applicable Margin.

  • The ABR, Canadian Base Rate, Term SOFR, Term CXXXX, Interbank Offered Rate and Daily Simple SXXXX shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • Each Lxxxxx agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted Eurocurrency Rate, Daily Simple SXXXX or the Adjusted Term SOFR Rate.

  • Each GBP Loan shall bear interest at a rate per annum equal to the sum of Daily Simple SXXXX plus the Applicable Margin.

  • The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of the Adjusted Term SOFR Rate or the Daily Simple SXXXX.

  • The applicable Alternate Base Rate, Daily Simple SXXXX, Adjusted Term SOFR Rate or Adjusted Eurocurrency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • The applicable Base Rate, Daily Simple SXXXX or Adjusted LIBO Rate shall be determined by Administrative Agent, and such determination shall be conclusive absent manifest error.


More Definitions of Daily Simple SXXXX

Daily Simple SXXXX shall have the meaning found in the definition of “Daily Simple RFR.”
Sample 1
Daily Simple SXXXX means, for each day during any Calculation Period, SXXXX, with the conventions for this rate (which may include a lookback) being established by the Administrative Agent in consultation with the Company in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining "Daily Simple SXXXX" for business loans, as determined for such day at approximately 11:00 a.m., London time, on the immediately preceding Business Day. If such rate is not available at such time for any reason, then Daily Simple SXXXX for such day shall be the rate (which shall not be less than zero) at which GBP deposits in an amount corresponding to the amount of such Advance are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market. Notwithstanding anything in the foregoing to the contrary, if Daily Simple SXXXX as calculated for any purpose under this Agreement is below zero percent, Daily Simple SXXXX will be deemed to be zero percent for such purpose until such time as it exceeds zero percent again.
Sample 1
Daily Simple SXXXX means, for any day, the higher of (a) SXXXX, with the conventions for this rate (which will include a lookback) being established by the Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SXXXX” for business loans; provided, that if the Agent decides that any such convention is not administratively feasible for the Agent, then the Agent may establish another convention in its reasonable discretion and (b) the Floor.
Sample 1
Daily Simple SXXXX means, for any Business Day, SXXXX, as shown on the Reuters Screen (or any applicable successor thereto) with the conventions for this rate (which on any day shall be the daily rate that includes a five Business Day lookback period prior to such day) being established by the Facility Agent, with the consent of the Servicer, in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SXXXX” for business loans or conventions that are otherwise used in the United States syndicated lending market for syndicated loans denominated in GBP; provided that, in the event no such rate is shown, Daily Simple SXXXX shall be a comparable or successor rate as published on the applicable Reuters Screen page (or on the appropriate page of such other information service which publishes that rate from time to time in place thereof) as of 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Accrual Period.
Sample 1
Daily Simple SXXXX shall be a comparable successor rate per annum reasonably determined by the Borrower and the Administrative Agent (each acting reasonably) that is, at such time, generally accepted by the syndicated loan market for loans denominated in Sterling in lieu of “SXXXX” and approved by the Revolving Credit Lenders; provided, that the Revolving Credit Lenders shall be deemed to have approved such successor rate if the Required Revolving Lenders have not objected in writing thereto within five Business Days of receipt of notice thereof (notwithstanding anything in Section 9.02 to the contrary). It is understood and agreed that Daily Simple SXXXX constitutes the comparable successor rate determined by the Borrower and the Administrative Agent and approved by the Revolving Credit Lenders in accordance with clause (b) of the definition of “Sterling LIBO Rate”.
Sample 1

Related to Daily Simple SXXXX

  • Daily Simple RFR means, for any day (an “RFR Interest Day”), an interest rate per annum equal to (a) for any RFR Loan denominated in GBP, the greater of (i) XXXXX for the day (the “RFR Reference Day”) that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%; and (b) for any RFR Loan denominated in CHF, the greater of (i) SARON for the RFR Reference Day that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%. If by 5:00 p.m. (London time), on the second Business Day immediately following any RFR Reference Day, the applicable RFR Rate in respect of such RFR Reference 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 Rate for such RFR Reference Day will be the RFR Rate as published in respect of the first preceding RFR Business Day for which such RFR Rate was published on the RFR Administrator’s Website; provided that any RFR Rate as determined pursuant to this sentence shall be utilized for purposes of calculating the Daily Simple RFR for no more than three consecutive RFR Interest Days. Any change in Daily Simple RFR due to a change in the applicable RFR Rate shall be effective from and including the effective date of such change in such RFR Rate without notice to the Borrower.

  • Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

  • Daily Simple XXXXX for any day (a “XXXXX Interest Day”), an interest rate per annum equal to (a) XXXXX for the day that is five XXXXX Business Days (such fifth XXXXX Business Day determined pursuant to each of subclauses (i) and (ii), the “XXXXX Lookback Day”) prior to (i) if ​ ​ ​ such XXXXX Interest Day is a XXXXX Business Day, such XXXXX Interest Day or (ii) if such XXXXX Interest Day is not a XXXXX Business Day, the XXXXX Business Day immediately preceding such XXXXX Interest Day or (b) if XXXXX is not available for the XXXXX Lookback Day determined pursuant to clause (a) above, by 5:00 p.m., London time on any day of determination of Daily Simple XXXXX, then Daily Simple XXXXX for such day will be XXXXX as published in respect of the first preceding XXXXX Business Day prior to the XXXXX Lookback Day for which XXXXX was published on the XXXXX Administrator’s Website; provided that Daily Simple XXXXX determined pursuant to this clause (b) shall be utilized for purposes of calculation of Daily Simple XXXXX for no more than three consecutive XXXXX Interest Days and thereafter subsection 2.11(a) shall govern. Any change in Daily Simple XXXXX due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrower.

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted 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.

  • Daily Simple SOFR Loan means a Loan that bears interest at a rate based on Daily Simple SOFR.

  • Daily SOFR means the rate per annum equal to SOFR determined for any day pursuant to the definition thereof plus the SOFR Adjustment. Any change in Daily SOFR shall be effective from and including the date of such change without further notice. If the rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Compounded Daily SONIA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily SONIA reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the interest rate, as specified in the applicable Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent being rounded upwards:

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Maximum Daily Starts means the maximum number of times that a generating unit can be started in an Operating Day under normal operating conditions.

  • Daily SOFR Loan means a Loan that bears interest at a rate based on Daily SOFR.

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Compounded Daily XXXXX means the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Interest Determination Agent as at the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 being rounded upwards: where:

  • DAILY LOG BOOK means the format as may be certified by the Company's Engineer on a day-to-day basis during the tenure of this Agreement.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions.

  • Average daily attendance or "ADA" means actual average daily

  • Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

  • Public Xxxxxx shall have the meaning assigned to such term in Section 10.01(f).

  • Multiple tomogram system means a computed tomography X-ray system which obtains X-ray transmission data simultaneously during a single scan to produce more than one tomogram.

  • Daily Price means, for any relevant day, the closing price on that day (or if there is no closing price the last bid price) as reported by the principal exchange or quotation system on which prices for the Common Stock are reported. On the redemption date the holders of record of redeemed Warrants shall be entitled to payment of the Redemption Price upon surrender of such redeemed Warrants to the Company at its principal office.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Open burning means the combustion of any material without the following characteristics:

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.