Rate Before and After Maturity. Prior to maturity, Advances shall bear interest at the Fed Funds Rate plus 45/100 of 1% per annum. Any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Fed Funds Rate plus 2.4% per annum. In the event that a change in the Fed Funds Rate is announced or published at the time a Loan is outstanding, such change shall become effective at the time it is announced or published.
Appears in 2 contracts
Samples: Credit Agreement (Chicago Mercantile Exchange Holdings Inc), Credit Agreement (Chicago Mercantile Exchange Holdings Inc)
Rate Before and After Maturity. Prior to maturity, Advances shall bear interest at the Fed Funds Target Rate plus 45/100 of 1% per annum. Any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Fed Funds Target Rate plus 2.4% per annum. In the event that a change in the Fed Funds Target Rate is announced or published at the time a Loan is outstanding, such change shall become effective at the time it is announced or published.
Appears in 2 contracts
Samples: Credit Agreement (Cme Group Inc.), Credit Agreement (Chicago Mercantile Exchange Holdings Inc)
Rate Before and After Maturity. Prior to maturity, Advances shall bear interest at the Fed Funds Effective Rate plus 45/100 of 1% per annum. Any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Fed Funds Effective Rate plus 2.4% per annum. In the event that a change in the Fed Funds Effective Rate is announced or published at the time a Loan is outstanding, such change shall become effective at the time it is announced or published.
Appears in 2 contracts
Samples: Credit Agreement (Chicago Mercantile Exchange Holdings Inc), Credit Agreement (Chicago Mercantile Exchange Holdings Inc)
Rate Before and After Maturity. Prior to maturity, Advances shall bear interest at the Fed Funds Target Rate plus 45/100 75/100 of 1% per annum. Any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Fed Funds Target Rate plus 2.4% per annum. In the event that a change in the Fed Funds Target Rate is announced or published at the time a Loan is outstanding, such change shall become effective at the time it is announced or published.
Appears in 1 contract
Samples: Credit Agreement (Cme Group Inc.)
