Daily SOFR definition
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.
Daily SOFR means Daily Simple SOFR.
Daily SOFR means, with respect to any U.S. government securities business day prior to a Benchmark Replacement Date:
Examples of Daily SOFR in a sentence
Amounts outstanding under this Note will bear interest at a rate per annum which is at all times equal to the sum of (A) Daily SOFR (as defined below) plus (B) a spread of one hundred thirty (130) basis points (1.30%).
More Definitions of Daily SOFR
Daily SOFR means, with respect to any Indexed Accrual Period, the per annum rate that is posted on the Federal Reserve’s Website after 2:30 p.m., New York City time, on the Index Determination Date with respect to such Indexed Accrual Period as the Secured Overnight Financing Rate for the U.S. Government Securities Business Day immediately preceding such Index Determination Date.
Daily SOFR means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the Daily SOFR Administrator on the Daily SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time), or in the case of an update to such rate by the Daily SOFR Administrator, at approximately 2:30 p.m. (New York City time), on the immediately succeeding Business Day.
Daily SOFR means the rate per annum equal to Daily Simple SOFR determined five (5) U.S. Government Securities Business Days prior to such day pursuant to the definition thereof. 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.
Daily SOFR with respect to any applicable determination date means the SOFR for the day that is five (5) U.S. Government Securities Business Days prior to (i) if such determination date is a U.S. Government Securities Business Day, such determination date or (ii) if such determination date is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such determination date, in each case, as such SOFR is published on the Federal Reserve Bank of New York’s website (or any successor source), plus the SOFR Adjustment. Any change in Daily SOFR shall be effective from and including the date of such change without further notice. If Daily SOFR as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Daily SOFR with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source).
Daily SOFR means a rate equal to the secured overnight financing rate as administered by the Federal Reserve Bank of New York (or a successor administrator).
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 0.0%, such rate shall be deemed to be 0.0% for purposes of this Agreement.