XXXXX Rate Day has the meaning specified in the definition of “Daily Simple XXXXX”.
XXXXX Rate Day has the meaning assigned to such term in the definition of “Daily Compounded XXXXX.”
XXXXX Rate Day has the meaning specified in the definition of “Daily Compounded XXXXX”. “Covered Debt Amount” means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date. “Covered Taxes” means (i) Taxes other than Excluded Taxes and (ii) Other Taxes. “Credit Default Swap” means any credit default swap entered into as a means to (i) invest bonds, notes, loans, debentures or other securities on a leveraged basis (including without limitation, total return swaps) or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.
More Definitions of XXXXX Rate Day
XXXXX Rate Day has the meaning specified in the definition of “Daily Simple XXXXX”. “Daily Simple XXXXX” means, for any Day (a “XXXXX Rate Day”), a rate per annum equal to XXXXX for the day (such day “XXXXX Determination Date”) that is five (5) Business Days prior to (i) if such XXXXX Rate Day is a Business Day, such XXXXX Rate Day or (ii) if such XXXXX Rate Day is not a Business Day, the Business Day immediately preceding such XXXXX Rate Day, in each case, as such XXXXX is published by the XXXXX Administrator on the XXXXX Administrator’s website. Any change in Daily Simple XXXXX due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrowers. If by 5:00 p.m. (Toronto time) on any given XXXXX Determination Date, XXXXX in respect of such XXXXX Determination Date has not been published on the XXXXX Administrator’s website and a Benchmark Replacement Date with respect to Daily Simple XXXXX has not occurred, then XXXXX for such XXXXX Determination Date will be XXXXX as published in respect of the first preceding Business Day for which such XXXXX was published on the XXXXX Administrator’s website, so long as such first preceding Business Day is not more than five (5) Business Days prior to such XXXXX Determination Date. “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent or the Revolving Agent with respect to Revolving Loans and Swing Line Loans) in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided that, if the Administrative Agent (or the Revolving Agent with respect to Revolving Loans and Swing Line Loans) decides that any such convention is not administratively feasible for the AdministrativeApplicable Agent, then the AdministrativeApplicable Agent may establish another convention in consultation with the Borrowers. “Determination Day” has the meaning specified in the definition of “Term SOFR”. “NYFRB” means the Federal Reserve Bank of New York. “Relevant Governmental Body” means (i) the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB, or (ii) the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or, in each case, any successor thereto.
XXXXX Rate Day has the meaning specified in the definition of “Daily XXXXX”.SOFR Spread Adjustment” means, with respect to any applicable Business Day, a rate per annum equal to (a) with respect to an Interest Period (i.e., an available tenor) of one (1) month, 0.10% (10 basis points) per annum, (b) with respect to an Interest Period of three (3) months, 0.15% (15 basis points) per annum, and (c) with respect to an Interest Period of six (6) months, 0.25% (25 basis points) per annum.