Common use of Revolving Credit Daily Simple RFR Option Clause in Contracts

Revolving Credit Daily Simple RFR Option. In the case of RFR Loans denominated in Sterling, Euro, Yen or Singapore Dollars, a fluctuating rate per annum (computed on the basis of a year of 360 days and actual days elapsed, except that interest on Loans denominated in Sterling, Euro, Yen and Singapore Dollars, as to which market practice differs from the foregoing shall be computed in accordance with market practice for such Loans) equal to the Daily Simple RFR for such Currency plus the RFR Adjustment plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the applicable Daily Simple RFR; or