Examples of RFR Advance in a sentence
If such Advance is an RFR Advance, a rate per annum equal at all times while such Advance is outstanding to the sum of the Daily Simple RFR in effect from time to time for such RFR Advance plus the Applicable Margin in effect from time to time, payable on each RFR Interest Payment Date while such RFR Advance is outstanding (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment).
With respect to RFR Advances under Section 2.07(c), the Agent, in the applicable notice, shall provide the Borrowers and the Banks (or the Local Currency Banks or Japan Local Currency Banks, as applicable) with the amount of interest accrued and due and payable on the applicable RFR Interest Payment Date for such RFR Advance.
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Interest owing in respect of any RFR Advance on the date of such notice shall be paid on the date of Conversion therefor (with all remaining accrued and unpaid interest being paid as and when required hereunder).
Each RFR Advance and Base Rate Advance shall continue as an RFR Advance or Base Rate Advance (as the case may be) until notice of conversion shall be given as provided above.