Common use of Daily Simple SOFR Clause in Contracts

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.550% (the “Daily Simple SOFR Margin”) plus the higher of: (1) zero percent (0.00%); and

Appears in 4 contracts

Sources: Revolving Term Promissory Note (South Dakota Soybean Processors LLC), Revolving Term Promissory Note (South Dakota Soybean Processors LLC), Revolving Term Promissory Note (South Dakota Soybean Processors LLC)

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.5503.600% (the “"Daily Simple SOFR Margin”") plus the higher of: (1) zero percent (0.00%); and

Appears in 2 contracts

Sources: Multiple Advance Term Promissory Note (Lincolnway Energy, LLC), Revolving Term Promissory Note (Lincolnway Energy, LLC)

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.5502.100% (the “"Daily Simple SOFR Margin”") plus the higher of: (1) zero percent (0.00%); and

Appears in 1 contract

Sources: Revolving Term Promissory Note (U. S. Premium Beef, LLC)

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.550% (the “Daily Simple SOFR Margin”) ” plus the higher of: (1) zero percent (0.00%); and

Appears in 1 contract

Sources: Revolving Term Promissory Note (South Dakota Soybean Processors LLC)

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.5502 . 600 % (the “Daily Simple SOFR Margin”) plus the higher ofof : (1( 1 ) zero percent (0.00%)( 0 . 00 % ) ; and

Appears in 1 contract

Sources: Revolving Term Promissory Note (U. S. Premium Beef, LLC)

Daily Simple SOFR. At a variable rate per annum equal at all times to 2.5502.250% (the “Daily Simple SOFR Margin”) plus the higher of: (1) zero percent (0.00%); and

Appears in 1 contract

Sources: Revolving Credit Promissory Note (South Dakota Soybean Processors LLC)