Federal Funds Rate

Federal Funds Rate. Means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the... next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to banking institutions on such day on such transactions as determined by Holder. View More

Federal Funds Rate. Means, with respect to a Variable Rate Loan (i) for the first day of any such Loan, the rate per annum at which U.S. Dollar deposits with an overnight maturity and in a comparable principal amount to any Loan are offered by the Bank in the Federal funds market at approximately the time the Borrower requests a Loan on such day, and (ii) for each day thereafter that such Loan is outstanding, the rate per annum at which U.S. Dollar deposits with an overnight maturity and in a comparable principle... amount to such Loan are offered by the Bank in the Federal funds market at approximately the time the Borrower notifies the Bank pursuant to Section 5(c) hereof of its election to continue such Loan; provided that if the Borrower fails to notify the Bank pursuant to Section 5(c) of its election to continue or repay such Loan, the rate per annum determined by the Bank to be its cost of funding such Loan for such day; and (b) any other amount hereunder which bears interest at the Variable Rate, the rate per annum at which U.S. Dollar deposits with an overnight maturity and in a comparable amount are offered by the Bank in the Federal funds market at approximately 2:00 p.m. New York City time. View More

Federal Funds Rate. Means, for any period, the greater of (a) 0.0% and (b) a fluctuating rate per annum equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the... average of the quotations for such day on such transactions received by the Lender from three federal funds brokers of recognized standing selected by it. View More

Federal Funds Rate. Shall mean the rate of interest (expressed as an annual rate), as published in Federal Reserve Statistical Release H. 15(519) or any publication substituted therefor, charged for federal funds (dollars in immediately available funds borrowed by banks on an overnight unsecured basis) on that day or, if that day is not a banking day in New York City, on the next preceding banking day. 16

Federal Funds Rate. For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers for the immediately preceding day, as published by the Federal Reserve Bank of New York; provided that if no such rate is so published on any day, then the Federal Funds Rate for such day shall be the rate most recently published.

Federal Funds Rate. Means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal Funds transactions as published by the Federal Reserve Bank of New York for such day (or if such day is not a Banking Day, for the immediately preceding Banking Day).

Federal Funds Rate. For any day, the Federal Funds (Effective) rate published in N.Y. Federal Reserve Statistical Release H.15(519) (or any successor publication) for that day; provided that if, for any reason, such rate should be unavailable the Interest Rate shall be such rate as the In-the-Money Party shall reasonably determine.

Federal Funds Rate. Means a per annum rate of interest (based on a year of 360 days and actual days lapsed) for each day equal to the Federal Funds Effective Rate for such day plus 1.25% per annum, such interest rate to change automatically from time to time effective as of the date of each change in the Federal Funds Effective Rate.

Federal Funds Rate. Shall mean (i) for any Business Day, the rate on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day by the Federal Reserve Bank of New York, and (ii) for any day which is not a Business Day, the Federal Funds Rate for the preceding Business Day.

Federal Funds Rate. For any day, a fluctuating rate of interest equal to the Federal Funds Rate as published in the "Money Rates" section of The Wall Street Journal. Any change in the rate will take effect on the effective date as indicated in The Wall Street Journal. Interest will accrue on any non-Business Day at the rate in effect on the immediately preceding Business Day