Common use of Determination of Federal Funds Rate Clause in Contracts

Determination of Federal Funds Rate. The Federal Funds Rate means, with respect to an Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), the rate on such date for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of 9:00 A.M., New York City time, on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds transactions in New York City selected by the Calculation Agent; provided, however, that if fewer than three such brokers are so quoting such rates, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.

Determination of Federal Funds Rate. The If an Interest Rate Basis for this ----------------------------------- Subordinated Note is the Federal Funds Rate, as indicated on the face hereof, the Federal Funds Rate means, with respect to an shall be determined as of the applicable Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), as the rate on such date for Federal Funds federal funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds Date, as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Daterate is not published in either H.15(519) or Composite Quotations, then the Federal Funds Rate for on such Federal Funds Rate Interest Determination Date will shall be calculated by the Calculation Agent and will shall be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of U.S. dollar federal funds arranged prior to 9:00 A.M., New York City time, time on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds federal funds transactions in The City of New York City selected by the Calculation Agent; provided, however, that if fewer than three such any of the brokers selected as aforesaid by -------- ------- the Calculation Agent are so not quoting such ratesas mentioned in this sentence, the Federal Funds Rate for determined as of such Federal Funds Rate Interest Determination Date will shall be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.

Determination of Federal Funds Rate. The If an Interest Rate Basis for this Subordinated Note is the Federal Funds Rate, as indicated on the face hereof, the Federal Funds Rate means, with respect to an shall be determined as of the applicable Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), as the rate on such date for Federal Funds federal funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds Date, as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Daterate is not published in either H.15(519) or Composite Quotations, then the Federal Funds Rate for on such Federal Funds Rate Interest Determination Date will shall be calculated by the Calculation Agent and will shall be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of United States dollar federal funds arranged prior to 9:00 A.M., New York City time, time on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds federal funds transactions in The City of New York City selected by the Calculation Agent; provided, however, that if fewer than three such any of the brokers selected as aforesaid by the Calculation Agent are so not quoting such ratesas mentioned in this sentence, the Federal Funds Rate for determined as of such Federal Funds Rate Interest Determination Date will shall be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.

Determination of Federal Funds Rate. The If the Base Rate specified on the face hereof is the Federal Funds Rate, the Federal Funds Rate means, with respect to an this Note shall be determined on each Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), and shall be the rate on such date for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective).," If H.15(519) is or, if not so published by 3:00 P.M.9:00 A.M., New York City time, on the Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If neither of such rate rates is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the such Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of funds prior to 9:00 A.M., New York City time, on such Federal Funds Rate Interest Determination Date quoted arranged by each of three leading brokers of in Federal Funds funds transactions in The City of New York City selected by the Calculation Agent; providedPROVIDED, howeverHOWEVER, that if fewer than three such the brokers selected as aforesaid by the Calculation Agent are so not quoting such ratesas mentioned in this sentence, the Federal Funds Rate in effect for such Federal Funds Rate Interest Determination Date the applicable period will be the same as the Federal Funds Rate then in effect on for the immediately preceding Interest Reset Period (or, if there was no such Federal Funds Rate Interest Determination DateReset Period, the rate of interest payable hereon shall be the Initial Interest Rate).

Determination of Federal Funds Rate. The If an Interest Rate Basis for this ----------------------------------- Senior Note is the Federal Funds Rate, as indicated on the face hereof, the Federal Funds Rate means, with respect to an shall be determined as of the applicable Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), as the rate on such date for Federal Funds federal funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds Date, as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Daterate is not published in either H.15(519) or Composite Quotations, then the Federal Funds Rate for on such Federal Funds Rate Interest Determination Date will shall be calculated by the Calculation Agent and will shall be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of U.S. dollar federal funds arranged prior to 9:00 A.M., New York City time, on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds federal funds transactions in The City of New York City selected by the Calculation Agent; provided, however, that if fewer than three such any of the brokers -------- ------- selected as aforesaid by the Calculation Agent are so not quoting such ratesas mentioned in this sentence, the Federal Funds Rate for determined as of such Federal Funds Rate Interest Determination Date will shall be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.

Determination of Federal Funds Rate. The If an Interest Rate Basis for this Note is the Federal Funds Rate, as indicated above, the Federal Funds Rate means, with respect to an shall be determined on the applicable Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), as the rate on such that date for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds Date, as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will shall be calculated by the Calculation Agent and will shall be the arithmetic mean (rounded to the nearest one hundred-thousandth of a percentage point, with five one millionths of a percentage point rounded upwards) of the rates for the last transaction in overnight United States dollar Federal Funds as funds arranged by three leading brokers of Federal funds transactions in The City of New York selected by the Calculation Agent prior to 9:00 A.M., New York City timetime on such Federal Funds Rate Interest Determination Date; provided, however, that if the brokers selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds transactions in New York City selected by the Calculation Agent; provided, however, that if fewer than three such brokers are so quoting such rates, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will shall be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.

Determination of Federal Funds Rate. The If an Interest Rate Basis for this Senior Note is the Federal Funds Rate, as indicated on the face hereof, the Federal Funds Rate means, with respect to an shall be determined as of the applicable Interest Determination Date (a "Federal Funds Rate Interest Determination Date"), as the rate on such date for Federal Funds federal funds as published in H.15(519) under the heading "Federal Funds (Effective)." If H.15(519) is or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Date, the Federal Funds Rate will be the rate on such Federal Funds Rate Interest Determination Date for Federal Funds Date, as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If such rate is not yet published in either H.15(519) or Composite Quotations by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Federal Funds Rate Interest Determination Daterate is not published in either H.15(519) or Composite Quotations, then the Federal Funds Rate for on such Federal Funds Rate Interest Determination Date will shall be calculated by the Calculation Agent and will shall be the arithmetic mean of the rates for the last transaction in overnight Federal Funds as of United States dollar federal funds arranged prior to 9:00 A.M., New York City time, time on such Federal Funds Rate Interest Determination Date quoted by each of three leading brokers of Federal Funds federal funds transactions in The City of New York City selected by the Calculation Agent; provided, however, that if fewer than three such any of the brokers selected as aforesaid by the Calculation Agent are so not quoting such ratesas mentioned in this sentence, the Federal Funds Rate for determined as of such Federal Funds Rate Interest Determination Date will shall be the Federal Funds Rate then in effect on such Federal Funds Rate Interest Determination Date.