Bank Funding definition

Bank Funding means the funding of a Receivable Interest hereunder by any Purchaser (other than Reliant Trust) other than through the issuance of Commercial Paper and that is not a Liquidity Funding.
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Bank Funding. Any Loan made by a Liquidity Bank in lieu of Conduit Loan pursuant to Section 1.1.
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Bank Funding. The portion of the Aggregate Principal that is funded by the Committed Banks pursuant to Section 1.1(a).
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Examples of Bank Funding in a sentence

  • If no such rate has been recommended within one U.S. Government Securities Business Day of the SOFR Index Cessation Event, then the Funding Corporation shall use the Overnight Bank Funding Rate appearing at 3:00 p.m. (New York City time) on the FRBNY’s website (“OBFR”) for any Reset Date after the SOFR Index Cessation Date (it being understood that the OBFR for any such Reset Date will be for transactions made on the related Determination Date).

  • If no such rate has been recommended within one U.S. Government Securities Business Day of the SOFR Index Cessation Event, then the Calculation Agent shall use the Overnight Bank Funding Rate published on the Federal Reserve’s Website for any Reset Date after the SOFR Index Cessation Date (it being understood that the Overnight Bank Funding Rate for any such Reset Date will be for trades made on the related Determination Date).

  • Interest is calculated at a daily fluctuating rate per annum equal to the sum of 0.10% plus the higher of the Federal Funds Effective Rate and the Overnight Bank Funding Rate, plus 1.25%.

  • Daily Rate: For any day, the Overnight Bank Funding Rate minus the Spread.

  • Interest is charged to each fund, based on its borrowings, generally at a rate equal to the highest of one month LIBOR, the Federal Funds Effective Rate and the Overnight Bank Funding Rate, plus an agreed upon spread.

  • If no such rate has been recommended within one Business Day of the SOFR Index Cessation Event, then the Redemption and Paying Agent shall use the OBFR published on the Federal Reserve Bank of New ‎York’s website for any Business Day after the SOFR Index Cessation Date (it being understood that the OBFR for any such Business Day will be the Overnight Bank Funding Rate on the Federal Reserve Bank of New ‎York’s website as of 4:00 p.m., New York City time).

  • Bank Funding of ABCP Exposed Banks in 2007 3.1. Data We use Moody’s data to identify 53 banks that sponsored conduits funded by US dollar- denominated ABCP and thus were exposed to a liquidity shock in August 2007 (see Acharya, Schnabl and Suarez (2009) for a detailed discussion of these data).

  • The Federal agency that administers compliance with this law concerning this creditor is: Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549.The minimum base rate for the purposes of determining interest to be applied for any credit extended or maintained based on the Federal Funds Target or Overnight Bank Funding rate shall not fallbelow 0.00%, 1.75% for the Call Money rate and 3.00% for the Prime rate.

  • World Bank Funding In the process of securing funding for the Medupi coal-fired Power Station, Eskom approached the World Bank (WB).

  • Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) the Overnight Bank Funding Rate, plus 0.5%, (ii) the Prime Rate, and (iii) the Daily LIBOR Rate, plus 100 basis points (1.0%).

Related to Bank Funding

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • JPMorgan Chase means JPMorgan Chase Bank, N.A. and its successors.