Closing Date Cost of Funds definition

Closing Date Cost of Funds means the difference between (a) the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and (b) the one-month LIBOR Rate, as of the date hereof.

Closing Date Cost of Funds means, as of the Closing Date, 8 basis points, which is the amount by which (x) the Floating Note Rate differs from (y) the LIBOR Rate for an Interest Period of one month, in each case determined as of the date that is two Business Days prior to the Closing Date. ​

Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) the all-in one (1) month LIBOR Floating Note Rate cost of funds applicable to the Farm Credit Lenders as indicated by the Farm Credit Funding Corporation exceeds (B) the one (1) month Eurodollar Rate, in each case as of the Restatement Effective Date.

Examples of Closing Date Cost of Funds in a sentence

• In recognition of the foregoing the Agent (as that term is defined in the MLA) shall, on the third anniversary of the date hereof (“Reset Date”), increase or decrease the Available Rates applicable to this Commitment by the basis points difference between the Current Cost of Funds and the Closing Date Cost of Funds, which increase or decrease shall remain in effect until the Term Expiration Date.

• In recognition of the foregoing the Agent shall, on the third and sixth anniveraries of the date hereof (“Reset Date”), increase or decrease the Available Rates applicable to this Commitment by the basis points difference between the Current Cost of Funds and the Closing Date Cost of Funds, which increase or decrease shall remain in effect until the Reset Date or Term Expiration Date.

• In recognition of the foregoing the Agent shall, on the third and sixth anniveraries of the date hereof ("Reset Date"), increase or decrease the Available Rates applicable to this Commitment by the basis points difference between the Current Cost of Funds and the Closing Date Cost of Funds, which increase or decrease shall remain in effect until the Reset Date or Term Expiration Date.

• In recognition of the foregoing the Agent shall, on the third and sixth anniveraries of December 28, 2018 (“Reset Date”), increase or decrease the Available Rates applicable to this Commitment by the basis points difference between the Current Cost of Funds and the Closing Date Cost of Funds, which increase or decrease shall remain in effect until the Reset Date or Term Expiration Date.

More Definitions of Closing Date Cost of Funds

Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) the all-in one

Closing Date Cost of Funds means 0.010%, which is the difference between (A) the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and (B) the one-month LIBOR Rate as of the date hereof. (B) “Current Cost of Funds” means, as of any Reset Date, the difference, if any, between the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and the one-month LIBOR Rate as of such date. (C) “LIBOR Floating Note Rate” means, as of any date, the estimated funding cost, including standard underwriting fees, for new farm credit debt securities issued into the primary market based on market observations on such date indicated at approximately 9:30 a.m. Eastern time; provided that such indications represent the Farm Credit Funding Corporation’s best estimate of the cost of new debt issues based on a combination of daily surveys of selected farm credit selling group members (participating bond dealers) and ongoing monitoring of the fixed income markets for actual, recent, primary market issuance by other government-sponsored enterprises of similar bonds and notes and pricing within related derivative markets, particularly the interest rate swap market. Historical information on such funding costs is available, for the prior week, on the Farm Credit Funding Corporation’s website (xxxx://xxx.xxxxxxxxxxxxxxxxx.xxx/ffcb live/fundingCostlndex.html) under the “Output” tab of the most recent spreadsheet. 3 LINCOLNWAY ENERGY, LLC Nevada, Iowa Promissory Note No. 00031748T02 SECTION 7.

Closing Date Cost of Funds means, (a) in the case of the Term Loan Advances: as of the Second Amendment Effective Date, 55 basis points, which is the amount by which (x) the all-in Floating Note Rate cost of funds paid by the Lenders as indicated by The Federal Farm Credit Banks Funding Corporation exceeds (y) the Eurodollar Rate (as defined in this Agreement as in effect on the Second Amendment Effective Date) for an Interest Period of one month, in each case determined as of the date that is two (2) Business Days prior to the Second Amendment Effective Date, and (b) in the case of the 2021 Incremental Term Loan Advances: as of the 2021 Increased Amount Date, 2.5 basis points, which is the amount by which (x) the all-in Floating Note Rate cost of funds paid by the Lenders as indicated by The Federal Farm Credit Banks Funding Corporation exceeds (y) the Eurodollar Rate (as defined in this Agreement as in effect on the 2021 Increased Amount Date) for an Interest Period of one month, in each case determined as of the date that is two (2) Business Days prior to the 2021 Increased Amount Date.

Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) theall-in one (1) month LIBOR Floating Note Rate cost of funds applicable to the Farm Credit Lenders as indicated by the Farm Credit Funding Corporation exceeds (B) the one (1) month Eurodollar rate, in each case as of the Sixth Restatement Effective Date.