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Common use of Daily Simple SOFR Clause in Contracts

Daily Simple SOFR. Borrower may prepay principal on any portion of this Note which bears interest determined in relation to Daily Simple SOFR, in any amount and without penalty.

Appears in 4 contracts

Sources: Credit Agreement (Power Integrations Inc), Revolving Line of Credit Note (Arcturus Therapeutics Holdings Inc.), Term Note (Werner Enterprises Inc)

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Parent Clauses

  • Definitions
  • INTEREST
  • Defined Terms
  • Benchmark Replacement Setting
  • Application of Payments

Sub-Clauses

  • Defined Terms
  • Proportionate Amounts
  • Treatment of Certain Refunds
  • Evidence of Payment
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