SOFR Determination Date definition
SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.
SOFR Determination Date means the date that is two SOFR Business Days before the first day of the applicable Interest Period.
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to (x) the Secured Overnight Financing Rate and (y) the Overnight Bank Funding Rate: (i) in the case of (x), the first Business Day immediately preceding such SOFR Reset Date; and (ii) in the case of (y), the first New York City Banking Day immediately preceding such SOFR Reset Date;
Examples of SOFR Determination Date in a sentence
The Owner Trustee shall not have any obligation to determine SOFR, 30-day average SOFR, any SOFR Determination Date, or any SOFR Business Day and shall have no liability for any such determinations made by the Trust Collateral Agent.
On each SOFR Determination Date, the Trust Collateral Agent shall notify the Servicer and the Issuer by e-mail of SOFR for the related Interest Period.
More Definitions of SOFR Determination Date
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to
SOFR Determination Date means the second U.S. Government Securities Business Day before each Interest Accrual Period begins.
SOFR Determination Date means, with respect to an Interest Period, the second U.S. Government Securities Business Day before the first day of such Interest Period.
SOFR Determination Date means, with respect to an Accrual Period, the second U.S. Government Securities Business Day before the first day of such Accrual Period.
SOFR Determination Date means, with respect to any SOFR Reset Date and with respect to (x) the Secured Overnight Financing Rate and (y) the Overnight Bank Funding Rate: (i) in the case of (x), the first U.S. Government Securities Business Day immediately preceding such SOFR Reset Date; and (ii) in the case of (y), the first New York City Banking Day immediately preceding such SOFR Reset Date;
SOFR Determination Date that is five (5) U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrowers.
SOFR Determination Date means, in respect of any U.S. Government Securities Business Day “i”: