CD Reserve Requirement means, at any date as of which any determination thereof is being or to be made and with respect to any CD Loan and the applicable Interest Period in respect of which any determination thereof is being or to be made, the amount (expressed as a decimal, rounded upward, if necessary, to six decimal places) equal to the sum of (i) the aggregate of all reserve requirements (including, without duplication, all basic, supplemental, marginal and other reserves) in effect on such date (as established under Regulation D of the Board, or any other regulation of the Board which prescribes reserve requirements applicable to Dollar non-personal time deposits then in effect and applicable to the Lender making such Loan), on Dollar non-personal time deposits in the United States of the type used as a reference in determining the CD Rate and having a maturity equal or comparable to the applicable Interest Period, as and to the extent that such Lender is subject to such requirements, and (ii) the aggregate of all reserve or similar requirements of any other Governmental Body having jurisdiction over such Lender in respect of such Dollar non-personal time deposits in the United States having a maturity equal or comparable to the applicable Interest Period.
CD Reserve Requirement shall, on any day, mean that percentage (expressed ---------------------- as a decimal) which is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in New York City with deposits exceeding five billion dollars in respect of new non-personal time deposits in dollars in New York City having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of any changes in the CD Reserve Requirement.
CD Reserve Requirement means, for any CD Rate Election, for any CD Interest Period therefor, the daily average of the stated maximum rate (expressed as a decimal) at which reserves (including any marginal, supplemental, or emergency reserves) are required to be maintained during such CD Interest Period under Regulation D by member banks of the Federal Reserve System in Dallas with deposits exceeding $1,000,000,000 against new non-personal dollar time deposits in the amount of $100,000 or more and with a maturity comparable to the CD Interest Period for such CD Rate Election. Without limiting the effect of the foregoing, the CD Reserve Requirement shall reflect any other reserves required to be maintained by Bank against (a) any category of liabilities that includes deposits by reference to which the CD Rate for CD Rate Elections is to be determined, or (b) any category of extension of credit or other assets that include CD Rate Elections.
Examples of CD Reserve Requirement in a sentence
Each Lender represents that its current CD Reserve Requirement and Assessment Rate are as set forth on Schedule 2.01.
Each determination by Lender of the CD Reserve Requirement shall, in the absence of manifest error, be conclusive and binding.
The address of the chief executive office and chief place of business of Borrower is Xxxxxxx 00 & 0, Xxxxxx, Xxxx 00000.
More Definitions of CD Reserve Requirement
CD Reserve Requirement means, relative to any Interest Period for CD Rate ---------------------- Loans, a percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, supplemental, marginal and other reserves and taking into account any transitional adjustments or other scheduled changes in reserve requirements), specified under regulations issued from time to time by the F.R.S. Board and then applicable to the class of banks of which the Administrative Agent is a member, on deposits of the type used as a reference in determining the CD Rate and having a maturity approximately equal to such Interest Period.
CD Reserve Requirement shall, on any day, mean that percentage (expressed as a decimal fraction) which is in effect on such day, as provided by the Board of Governors of the Federal Reserve System (or any successor governmental body) for determining the maximum reserve requirements (including without limitation, basic, supplemental, marginal and emergency reserves) under Regulation D with respect to applicable time deposits. Each determination by Agent of the CD Reserve Requirement shall, in the absence of manifest error, be conclusive and binding.
CD Reserve Requirement means, on any day, that percentage (expressed as a decimal fraction and rounded, if necessary, to the next highest one ten thousandth .0001) which is in effect on such day for determining all reserve requirements (including, without limitation, basic, supplemental, marginal and emergency reserves) applicable to new, non-personal, negotiable certificates of deposit issued by Lender, in amounts of $100,000 or more with three-month maturi ties, all as specified by any governmental authority, including but not limited to those imposed under Regulation D. The CD Reserve Requirement shall be adjusted automatically on and as of the effective date of any change without notice to Borrower or any other person or entity. Each determination of the CD Reserve Requirement by Lender shall be conclusive and binding, absent manifest error, and may be computed by using any reasonable averaging and attribution method. CEILING RATE means, on any day, the maximum nonusurious rate of interest permitted for that day by whichever of applicable federal or Texas laws permits the higher interest rate, stated as a rate per annum. On each day, if any, that Chapter One establishes the Ceiling Rate, the Ceiling Rate shall be the "indicated rate ceiling" (as defined in Chapter One) for that day. Lender may from time to time, as to current and future balances, implement any other ceiling under Chapter One by notice to Borrower, if and to the extent permitted by Chapter One. Without notice to Borrower or any other person or entity, the Ceiling Rate shall automatically fluctuate upward and downward as and in the amount by which such maximum nonusurious rate of interest permitted by applicable law fluctuates.
CD Reserve Requirement is the then maximum effective rate per annum (expressed as a percentage) as determined by the Agent of the reserve requirement imposed by the Board of Governors of the Federal Reserve System against any Bank on non-personal certificates of deposit of the type used to determine the Certificate Rate with a maturity equal to such CD Interest Period.
CD Reserve Requirement. Du Pont" and "Fixed Rate ------------------ ---------------------- ------- ---------- Loan" within
CD Reserve Requirement means on any day, that percentage (expressed as a decimal) which is in effect on such day, as provided by the Board of Governors of the Federal Reserve System (or any successor governmental body) applied for determining the maximum reserve requirements for Bank (including without limitation, basic, supplemental, marginal and emergency reserves) under Regulation D applicable to three-month nonpersonal time deposits in units of $100,000 or more (issued by member banks of the Federal Reserve Bank of Dallas having time deposits exceeding one billion dollars) rounded to the next highest .01% of 1%. Each determination by Bank of the CD Reserve Requirement shall, in the absence of manifest error, be conclusive and binding.
CD Reserve Requirement means, for any day of any Interest Period for a CD Rate Loan, the percentage (rounded upward to the next higher whole multiple of 1/100% if such rate is not such a multiple), determined in good faith by Bank in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as representing for such day the maximum effective reserve requirement (whether basic, supplemental, marginal, emergency or otherwise) prescribed by the Board of Governors of the Federal Reserve System (or any successor) with respect to liabilities or assets consisting of non-personal time deposits in dollars of the United States in an amount and for a maturity equal to such CD Rate Loan and such Interest Period. The CD Rate shall be adjusted automatically as of the effective date of such change and the CD Reserve Requirement.