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 is the Federal Funds Rate, the Federal Funds Rate with respect to this Note shall be determined on each Interest Determination Date and shall be the rate on the relevant Interest Determination Date for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective)." If such rate is not published before 3:00 p.m., New York City time, on the relevant Calculation Date, then the Federal Funds Rate for such Interest Reset Date will be the rate on such Interest Determination Date as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If by 3:00 p.m., New York City time, on such Calculation Date such rate is not published in either H.15(519) or Composite Quotations, the Federal Funds Rate for such Interest Reset Date shall be calculated by the Calculation Agent and shall be the arithmetic mean of the rates, as of 9:00 a.m., New York City time, on such Interest Determination Date, for the last transaction in overnight Federal Funds arranged by three leading brokers of Federal Funds transactions in The City of New York selected by the Calculation Agent; provided, however, that if fewer than three brokers selected by the Calculation Agent are quoting as mentioned in this sentence, the Federal Funds Rate for such Interest Reset Date will be the Federal Funds Rate in effect on such Interest Determination Date.

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

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

Determination of Federal Funds Rate. If the Base Rate specified on the face hereof is the Federal Funds Rate, the Federal Funds Rate with respect to this Note shall be determined on each Interest Determination Date and shall be the rate on the relevant Interest Determination Date such date for Federal Funds as published in H.15(519) under the heading "Federal Funds (Effective).," If such rate is or, if not so published before 3:00 p.m.by 9:00 A.M., New York City time, on the relevant Calculation Date pertaining to such Interest Determination Date, then the Federal Funds Rate for such Interest Reset Date will be the rate on such Interest Determination Date as published in Composite Quotations under the heading "Federal Funds/Effective Rate." If neither of such rates is published by 3:00 p.m.P.M., New York City time, on such Calculation Date such rate is not published in either H.15(519) or Composite QuotationsDate, the Federal Funds Rate for such Interest Reset Determination Date shall will be calculated by the Calculation Agent and shall will be the arithmetic mean of the rates, rates for the last transaction in overnight Federal funds as of 9:00 a.m.11:00 A.M., New York City time, on such Interest Determination Date, for the last transaction in overnight Federal Funds Date arranged by three leading brokers of in Federal Funds funds transactions in The City of New York selected by the Calculation Agent; provided, however, that if fewer than three the brokers selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, the rate of interest in effect for the applicable period will be the same as the Federal Funds Rate for the immediately preceding Interest Reset Period (or, if there was no such Interest Reset Date will Period, the rate of interest payable hereon shall be the Federal Funds Rate in effect on such Initial Interest Determination DateRate).