Common use of Additional Provisions with Respect to Federal Funds Rate Loan Clause in Contracts

Additional Provisions with Respect to Federal Funds Rate Loan. The selection by a Fund or Portfolio of the Federal Funds Rate and the maintenance of advances at such rate shall be subject to the following additional terms and conditions: (a) If, after a Fund or Portfolio has elected to borrow or maintain any Loan at the Federal Funds Rate, the Agent notifies such Fund or Portfolio that reasonable means do not exist for the Agent to determine the Federal Funds Rate, as determined by the Agent in its sole discretion, then the principal of the Loan subject to the Federal Funds Rate shall accrue or shall continue to accrue interest at the Reference Rate. (b) If any treaty, statute, regulation or interpretation thereof, or any directive, guideline, or other requirement of a central bank or fiscal authority (whether or not having the force of law) shall prohibit the maintenance of any Loan subject to the Federal Funds Rate, then on and as of the date the prohibition becomes effective, the principal subject to that prohibition shall accrue or shall continue to accrue interest at the Reference Rate.

Additional Provisions with Respect to Federal Funds Rate Loan. The selection by a Fund or Portfolio of the Federal Funds Rate and the maintenance of advances Loans at such rate shall be subject to the following additional terms and conditions: (a) If, after a such Fund or Portfolio has elected to borrow or maintain any Loan at the Federal Funds Rate, the Operations Agent notifies such Fund or Portfolio that reasonable means do not exist for the Operations Agent to determine the Federal Funds Rate, as determined by the Operations Agent in its sole discretion, then the principal of the Loan subject to the Federal Funds Rate shall accrue or shall continue to accrue interest at the Reference Rate. (b) If any treaty, statute, regulation or interpretation thereof, or any directive, guideline, or other requirement of a central bank or fiscal authority (whether or not having the force of law) shall prohibit the maintenance of any Loan subject to the Federal Funds Rate, then on and as of the date the prohibition becomes effective, the principal subject to that prohibition shall accrue or shall continue to accrue interest at the Reference Rate.

Additional Provisions with Respect to Federal Funds Rate Loan. The selection by a Fund or Portfolio of the Federal Funds Rate and the maintenance of advances at such rate shall be subject to the following additional terms and conditions: (a) If, after a Fund or Portfolio has elected to borrow or maintain any Loan at the Federal Funds Rate, the Operations Agent notifies such Fund or Portfolio that reasonable means do not exist for the Operations Agent to determine the Federal Funds Rate, as determined by the Operations Agent in its sole discretion, then the principal of the Loan subject to the Federal Funds Rate shall accrue or shall continue to accrue interest at the Reference Rate. (b) If any treaty, statute, regulation or interpretation thereof, or any directive, guideline, or other requirement of a central bank or fiscal authority (whether or not having the force of law) shall prohibit the maintenance of any Loan subject to the Federal Funds Rate, then on and as of the date the prohibition becomes effective, the principal subject to that prohibition shall accrue or shall continue to accrue interest at the Reference Rate.