SONIA Loan definition

SONIA Loan means a Loan that bears interest at a rate based on Daily Simple SONIA.
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SONIA Loan means a Loan denominated in Pounds Sterling that bears interest at a rate based on Daily Simple SONIA.
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SONIA Loan means a Loan that bears interest based on SONIA. All SONIA Loans are denominated in British Pounds
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Examples of SONIA Loan in a sentence

  • Interest payable on each Daily Simple SONIA Loan shall be payable monthly, on the last day of each month, commencing with the first such date to occur after the First Amendment Effective Date, and on the Facility Termination Date.

  • Each Loan shall be divided into tranches which are either a Base Rate Loan, a Daily Simple SONIA Loan, CDORTerm CORRA Loan or a SOFR Loan (each a “Type” of Loan), as the Borrower Representative shall specify in the related Borrowing Notice or Notice of Conversion/Continuation pursuant to Section 2.2.2 or 2.2.3. SOFR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups”.

  • Any prepayment of a Eurocurrency Rate Loan, a SONIA Loan or a SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.


More Definitions of SONIA Loan

SONIA Loan means a Loan that bears interest at a rate based on Daily Simple SONIA. “SONIA Rate Day” has the meaning specified in the definition of “Daily Simple SONIA”.
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SONIA Loan means a Loan denominated in Sterling that bears interest at a rate based on Adjusted Daily Simple SONIA.
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SONIA Loan means any Revolving Loan which bears interest at a rate determined by reference to the SONIA Rate. SONIA Loans may be denominated only in
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SONIA Loan means a Loan that bears interest based on the SONIA Rate. All SONIA Loans are denominated in British Pounds Sterling. “SONIA Rate” means the rate per annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment.
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SONIA Loan means a Loan that bears interest at a rate determined by reference to the Daily Simple SONIA. “SONIA Rate Day” shall have the meaning provided in the definition of the term “Daily Simple SONIA”. “SONIA Reference Day” shall have the meaning provided in the definition of the term “Daily Simple SONIA”.
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