Daily SOFR Borrowing definition

Daily SOFR Borrowing means a Borrowing comprised of Loans bearing interest at a rate determined by reference to Daily Simple SOFR.
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Daily SOFR Borrowing means a Borrowing comprised of one or more Daily SOFR Loans. “Daily SOFR Interest Day” is defined in the definition of “Daily Simple SOFR”.
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Daily SOFR Borrowing has the meaning set forth in Section 1.3.
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Examples of Daily SOFR Borrowing in a sentence

  • Each Loan Request shall specify: (a) the aggregate amount to be borrowed, (b) the requested Borrowing Date, (c) whether the borrowing is to be an Adjusted Daily SOFR Borrowing or an Adjusted Base Rate Borrowing, and (d) the required information and calculations evidencing compliance with the limitations set forth in Section 2.01 above, and shall be accompanied by the Floor Plan Borrowers’ inventory worksheet and a copy of the title to any Eligible Used Floor Plan Unit.


More Definitions of Daily SOFR Borrowing

Daily SOFR Borrowing as to any Borrowing, the Daily SOFR Loans comprising such Borrowing.
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Related to Daily SOFR Borrowing

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

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

  • 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.

  • 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.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.