Daily Simple SOFR. for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by Agent 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 Agent decides that any such convention is not administratively feasible for Agent, then Agent may establish another convention in its reasonable discretion. DDTL: as defined in Section 2.5.1.
Appears in 1 contract
Sources: Loan and Security Agreement (Bespoke Capital Acquisition Corp)
Daily Simple SOFR. for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR SOFR” for syndicated business loans; provided thatprovided, that if the Agent decides that any such convention is not administratively feasible for the Agent, then the Agent may establish another convention in its reasonable discretion. DDTL: as defined in Section 2.5.1.
Appears in 1 contract
Sources: Loan, Security and Guarantee Agreement (Fitlife Brands, Inc.)