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.

  • The Loans comprising each Daily SOFR Borrowing shall bear interest at a rate per annum equal to Daily SOFR plus the Applicable Rate.

  • Following the replacement of Term SOFR with Daily SOFR, as set forth in Section 2.14(b), the Loans comprising each Daily SOFR Borrowing shall bear interest at a rate per annum equal to Daily SOFR plus the Applicable Rate for the Term SOFR Loans of the applicable Class.

  • The Loans comprising each Daily SOFR Borrowing shall bear interest at a rate per annum equal to the Daily SOFR Rate plus the Applicable Rate.

  • Subject to the provisions of Section 2.06(d), (i) the Loans comprising each EurocurrencyTerm SOFR Borrowing shall bear interest at a rate per annum equal to the Eurocurrency RateTerm SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time, and (ii) the Loans comprising each Daily SOFR Borrowing shall bear interest at a rate per annum equal to Daily Simple SOFR plus the Applicable Margin in effect from time to time.

  • Each Notice of Borrowing must be received by the Administrative Agent not later than 12:00 Noon (Chicago, Illinois time) (x) on the requested date of any Base Rate Borrowing or any Daily SOFR Borrowing, (y) three (3) Business Days before each Term SOFR Borrowing, or (z) four (4) Business Days (or five (5) Business Days in the case of a Special Notice Currency) before each Alternative Currency Daily Rate Borrowing and each Alternative Currency Term Rate Borrowing.


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.

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

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

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

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

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR 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.

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

  • 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.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

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

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

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

  • 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.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • 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.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • 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.