Common use of Determination of Federal Funds Rate Clause in Contracts

Determination of Federal Funds Rate. If the Base Rate specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof or in the pricing supplement attached hereto or delivered herewith. The "Federal Funds Rate" for each Interest Reset Period shall be the effective rate on the second Business Day prior to the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)" and displayed on Moneyline Telerate (or any successor service) on Page 120 (or any other page as may replace the specified Page on that service). In the event that such rate does not appear on Moneyline Telerate on Page 120 or is not published prior to 3:00 p.m., New York City time, on the Calculation Date (as defined above) pertaining to such Federal Funds Rate Determination Date, the "Federal Funds Rate" for such Interest Reset Period shall be the rate on such Federal Funds Rate Determination Date as published in the H.15 Daily Update under the heading "Federal Funds/Effective Rate," or other recognized electronic source used for the purpose of displaying the applicable rate. If by 3:00 p.m., New York City time, on such Calculation Date, such rate is not yet published, then the "Federal Funds Rate" for such Interest Reset Period shall be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar Federal Funds transactions in New York City, selected by the Calculation Agent prior to 9:00 a.m., New York City time, on that Federal Funds Rate Determination Date; provided, however, that if brokers so selected by the Calculation Agent are not quoting as mentioned above, the "Federal Funds Rate" for the Interest Reset Period will be the "Federal Funds Rate" in effect for the particular Federal Funds Rate Determination Date. If there was no Federal Funds Rate in effect for the Interest Reset Period, the "Federal Funds Rate" will be the initial interest rate. Determination of LIBOR

Determination of Federal Funds Rate. If the Base Rate indicated on the face hereof is the Federal Funds Rate (Effective), the interest rate shall equal the rate on each Interest Determination Date specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof or in the pricing supplement attached hereto or delivered herewith. The "Federal Funds Rate" for each Interest Reset Period shall be the effective rate on the second Business Day prior to the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)," and as such rate is displayed on Moneyline Telerate (or any successor service) on Page 120 (or any other page as may replace the specified Page on that service). In the event that or, if such rate is not so published in H.15(519) or does not appear on Moneyline Telerate on Page 120 or is not published prior to 3:00 p.m.by 5:00 P.M., New York City time, on the Calculation Date (as defined above) pertaining to such Federal Funds Rate Interest Determination Date, the "Federal Funds Rate" Rate for such Interest Reset Period shall Determination Date will then be the rate on such Federal Funds Rate Interest Determination Date as published set forth in the H.15 Daily Update under the heading "Federal Funds/Effective Rate," Update, or such other recognized electronic source used for the purpose of displaying such rate, for that day opposite the applicable rate. If heading "Federal Funds (Effective Rate)," or if such rate does not appear on Moneyline Telerate Page 120 or is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 p.m.5:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, the Federal Funds Rate for such Interest Determination Date will be the rate for the first preceding day for which such rate is set forth in H.15(519) opposite the heading "Federal Funds (Effective)," as such rate is displayed on Moneyline Telerate Page 120. If the Base Rate indicated on the face hereof is the Federal Funds Rate -- Open, the interest rate shall equal the rate on each Interest Determination Date specified on the face hereof for the Federal Funds under the heading "Federal Funds" and opposite the caption "Open," as such rate is displayed on Moneyline Telerate Page 5, or if such rate does not appear on Moneyline Telerate Page 5 by 5:00 P.M., New York City time, on the related Calculation Date, such rate is not yet published, then the "Federal Funds Rate" Rate for such Interest Reset Period shall Determination Date will be the rate for the day displayed on FEDSPREB Index on Bloomberg, which is the Fed Funds Opening Rate as reported by Prebon Yamane on Bloomberg. If that rate does not appear on Moneyline Telerate Page 5 or FEDSPREB Index on Bloomberg, the rate for the 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 U.S. dollar federal funds arranged by three leading brokers Dollar Federal funds, as of U.S. dollar Federal Funds transactions in New York City, selected by the Calculation Agent prior to 9:00 a.m.A.M., New York City time, on that Federal Funds Rate Determination Date; providedday as supplied to the Calculation Agent. In each of the above cases the rate shall be adjusted by the addition or subtraction of the Spread, howeverif any, that specified on the face hereof, or by multiplication by the Spread Multiplier, if any, specified on the face hereof. If the brokers so selected as aforesaid by the Calculation Agent are not quoting as mentioned set forth above, the "Federal Funds Rate" for the Rate with respect to such Interest Reset Period Determination Date will be the "Federal Funds Rate" in effect for the particular Federal Funds Rate Determination Date. If there was no Federal Funds Rate in effect for the on that Interest Reset Period, the "Federal Funds Rate" will be the initial interest rate. Determination of LIBORDate.

Determination of Federal Funds Rate. If the Base Interest Rate Basis specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith. The ") is the Federal Funds Rate" for , the Federal Funds Rate with respect to this Note shall be determined on each Interest Reset Period Determination Date and shall be the effective rate on the second Business Day prior applicable to the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") date for Federal Funds opposite the caption “Federal funds (effective),” as published in H.15(519displayed on Reuters on page 118 (or any page which may replace such page on such service) under the heading "Federal Funds (Effective)" and displayed “EFFECT” on Moneyline Telerate (or any successor service) on Page 120 (or any other page as may replace the specified Page on that service). In the event that Business Day immediately following such Interest Determination Date, or, if such rate does not appear on Moneyline Telerate on Page 120 or is not so published prior to by 3:00 p.m., New York City time, on the Calculation Date (as defined above) pertaining to Business Day immediately following such Federal Funds Rate Interest Determination Date, the "Federal Funds Rate" for such Interest Reset Period shall Rate will be the rate on applicable to such Federal Funds Rate Interest Determination Date as published in the H.15 Daily Update under the heading "Federal Funds/Effective Rate," (or such other recognized electronic source used for the purpose of displaying such rate) under the applicable heading “Federal Funds (effective).” If such rate is not published in H.15 Daily Update (or such other recognized electronic source used for the purpose of displaying such rate. If ) by 3:00 4:15 p.m., New York City time, on the Business Day immediately following such Calculation Interest Determination Date, such rate is not yet published, then the "Calculation Agent will calculate the Federal Funds Rate" Rate for such Interest Reset Period shall Determination Date, which will be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar Federal Funds transactions in New York City, selected by the Calculation Agent prior to as of 9:00 a.m., New York City time, on that such Interest Determination Date arranged by three leading brokers in Federal Funds Rate Determination Datetransactions in The City of New York selected by the Calculation Agent (after consultation with the Company); provided, however, that if the brokers so selected as aforesaid by the Calculation Agent are not quoting as mentioned abovein this sentence, the "Federal Funds Rate" for the Rate applicable to such Interest Reset Period Determination Date will be the "Federal Funds Rate" in effect for same as the particular Federal Funds Rate Determination Date. If there was no Federal Funds Rate in effect for the immediately preceding Interest Reset Period (or, if there was no such Interest Reset Period, the "Federal Funds Rate" will rate of interest payable hereon shall be the initial interest rate. Determination of LIBORInitial Interest Rate).

Determination of Federal Funds Rate. If the Base Rate specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof or in the pricing supplement attached hereto or delivered herewith. The "Federal Funds Rate" for each Interest Reset Period shall be the effective rate on the second Business Day prior to business day immediately preceeding the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") for U.S. dollar Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)" and displayed on Moneyline Telerate (or any successor service) on Page 120 (or any other page as may replace the specified Page page on that service). The following procedures will be followed if the Federal Funds Rate cannot be determined as described above. In the event that such rate does not appear on Moneyline Telerate on Page 120 or is not published prior to 3:00 p.m.P.M., New York City time, on the Calculation Date (as defined above) pertaining to such the Federal Funds Rate Determination Date, the "Federal Funds Rate" for such Interest Reset Period shall be the rate on such the Federal Funds Rate Determination Date as published in the H.15 Daily Update under the heading "Federal Funds/Effective RateFunds (Effective)," or such other recognized electronic source used for the purpose of displaying the applicable rate. If by 3:00 p.m.P.M., New York City time, on such Calculation Date, such rate is not yet published, then the "Federal Funds Rate" for such Interest Reset Period shall be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar Federal Funds federal funds transactions in New York City, selected by the Calculation Agent prior to 9:00 a.m.A.M., New York City time, time on that the Federal Funds Rate Determination Date; provided, however, that if the brokers so selected by the Calculation Agent are not quoting as mentioned above, the "Federal Funds Rate" Rate for the such Interest Reset Period will be the "Federal Funds Rate" Rate in effect for the particular Federal Funds Rate Determination Date. If Date (or, if there was is no such Federal Funds Rate in effect for the Interest Reset Period, the "Federal Funds Rate" Rate will be the initial interest rate. Determination of LIBORInitial Interest Rate).

Determination of Federal Funds Rate. If the Base Rate specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof or in the pricing supplement attached hereto or delivered herewith. The "Federal Funds Rate" for each Interest Reset Period shall be the effective rate on the second Business Day business day prior to the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)." and displayed on Moneyline Telerate (or any successor service) on Page 120 (or any other page The following procedures will be followed if the Federal Funds Rate cannot be determined as may replace the specified Page on that service)described above. In the event that such rate does not appear on Moneyline Telerate on Page 120 or is not published prior to 3:00 p.m.P.M., New York City time, on the Calculation Date (as defined above) pertaining to such the Federal Funds Rate Determination Date, the "Federal Funds Rate" for such Interest Reset Period shall be the rate on such the Federal Funds Rate Determination Date as published in the H.15 Daily Update under the heading "Federal Funds/Effective Rate,." or other recognized electronic source used for the purpose of displaying the applicable rate. If by 3:00 p.m.P.M., New York City time, on such Calculation Date, such rate is not yet publishedpublished in either H.15(519) or in the H.15 Daily Update, then the "Federal Funds Rate" for such Interest Reset Period shall be the arithmetic mean of rate on the rates for the last transaction in overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar Federal Funds transactions in Rate Determination Date made publicly available by the Federal Reserve Bank of New York Citywhich is equivalent to the rate which appears in H.15(519) under the heading "Federal Funds (Effective)," provided, selected however, that if such rate is not made publicly available by the Calculation Agent prior to 9:00 a.m.Federal Reserve Bank of New York by 3:00 P.M., New York City time, on that Federal Funds Rate Determination such Calculation Date; provided, however, that if brokers so selected by the Calculation Agent are not quoting as mentioned above, the "Federal Funds Rate" for the such Interest Reset Period will be the "Federal Funds Rate" in effect for same as the particular Federal Funds Rate Determination Date. If there was no Federal Funds Rate in effect for the immediately preceding Interest Reset Period (or, if there is no such Interest Reset Period, the "Federal Funds Rate" Rate will be the initial Initial Interest Rate). If this Note resets daily, the interest raterate on this Note for the period from and including a Monday to but excluding the succeeding Monday will be reset by the Calculation Agent on such second Monday (or, if not a Business Day, on the next succeeding Business Day) to a rate equal to the average of the Federal Funds Rates in effect with respect to each such day in such week. Determination of LIBOR

Determination of Federal Funds Rate. If the Base Rate specified on the face hereof or in the pricing supplement attached hereto or delivered herewith is the Federal Funds Rate, this Note will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Federal Funds Rate and Spread or Spread Multiplier, if any, specified on the face hereof or in the pricing supplement attached hereto or delivered herewith. The "Federal Funds Rate" for each Interest Reset Period shall be the effective rate on the second Business Day prior to the Interest Reset Date for such Interest Reset Period (a "Federal Funds Rate Determination Date") for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)" and displayed on Moneyline Telerate (or any successor service) on Page 120 (or any other page as may replace the specified Page on that service). In the event that such rate does not appear on Moneyline Telerate on Page 120 or is not published prior to 3:00 p.m., New York City time, on the Calculation Date (as defined above) pertaining to such Federal Funds Rate Determination Date, the "Federal Funds Rate" for such Interest Reset Period shall be the rate on such Federal Funds Rate Determination Date as published in the H.15 Daily Update under the heading "Federal Funds/Effective Rate," or other recognized electronic source used for the purpose of displaying the applicable rate. If by 3:00 p.m., New York City time, on such Calculation Date, such rate is not yet published, then the "Federal Funds Rate" for such Interest Reset Period shall be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds arranged by three leading brokers of U.S. dollar Federal Funds transactions in New York City, selected by the Calculation Agent prior to 9:00 a.m., New York City time, on that Federal Funds Rate Determination Date; provided, however, that if the brokers so selected by the Calculation Agent are not quoting as mentioned above, the "Federal Funds Rate" for the Interest Reset Period will be the "Federal Funds Rate" in effect for the particular Federal Funds Rate Determination Date. If there was no Federal Funds Rate in effect for the Interest Reset Period, the "Federal Funds Rate" will be the initial interest rate. Determination of LIBOR