Define: Adjusted Daily Simple SOFR

What does "Adjusted Daily Simple SOFR" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.

Definition 1 (AMAZON COM INC, seen in 1 filing)

Adjusted Daily Simple SOFR means with respect to any RFR Borrowing denominated in US Dollars for any day, an interest rate per annum equal to (a) the Daily Simple SOFR for such day plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR shall be less than zero, such rate shall be deemed to be zero.

Source: AMAZON COM INC 10-Q

Definition 2 (AMAZON COM INC, seen in 1 filing)

Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) Daily Simple SOFR, plus (b) the Daily Simple SOFR Adjustment.

Source: AMAZON COM INC 8-K

Definition 3 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)

Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR plus (b) 0.10% per annum provided that if the Adjusted Daily Simple SOFR as so determined would be less than 0.00%, then the Adjusted Daily Simple SOFR shall be deemed to be 0.00% for purposes hereof.

Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 10-K

Data extracted from 3 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 2
Keywords:
Adjusted Daily Simple SOFRdefinitioncontract languagelegal termSEC filing

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