Effective Date Cost of Funds means 4 basis points with respect to clause (i) of the definition of Reset Date and 10 basis points with respect to clauses (ii) and (iii) of the definition of Reset Date, which is 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) One-Month LIBOR, in each case as of the Effective Date.

Effective Date Cost of Funds means, as of the Effective Date, one basis point, which is the amount by which (x) the LIBOR Floating Note Rate differs(determined on the basis of new three-year debt securities) differed from (y) LIBOR for an Interest Period of one month, in each case determined as of the date that is two Business Days prior to the Effective Date.

Effective Date Cost of Funds means (a) with respect to Term Loan H, Term Loan I, Term Loan J, Term Loan K and Term Loan L, 19 basis points, (b) with respect to the Term Loan M, 19 basis points, (c) as of the Second Amendment Effective Date with respect to the Term Loan N, 50 basis points, (d) as of the Fourth Amendment Effective Date with respect to the Term Loan O, 22 basis points, (e) as of the Seventh Amendment Effective Date, 27 basis points. which is the amount by which (x) the SOFR Floating Note Rate exceeded (y) Daily Simple SOFR, in each case, determined as of the date that was two Business Days prior to the Seventh Amendment Effective Date, (f) as of the Eighth Amendment Effective Date, 41 basis points. which is the amount by which (x) the SOFR Floating Note Rate differs from (y) Daily Simple SOFR, in each case, determined as of the date that is two Business Days prior to the Eighth Amendment Effective Date, and (g) as of the Ninth Amendment Effective Date, 17 basis points, which is the amount by which (x) the SOFR Floating Note Rate differs from (y) Daily Simple SOFR, in each case, determined as of the date that is two Business Days prior to the Ninth Amendment Effective Date; provided that, with respect to clauses (a), (b), (c) and (d) hereof, the Effective Date Cost of Funds was originally determined by reference to the LIBOR Floating Note Rate and increased by 15 basis points to reflect the transition from LIBOR to SOFR.

Examples of Effective Date Cost of Funds in a sentence

Effective as of the Reset Date, the Applicable Margins shall be increased (if the Reset Date Cost of Funds is higher than the Effective Date Cost of Funds) or decreased (if the Reset Date Cost of Funds is lower than the Effective Date Cost of Funds), as applicable, by the amount of such difference; provided that, in no event, shall any such decrease reduce the Applicable Margins below the Applicable Margins for Level I as of the Closing Date.

More Definitions of Effective Date Cost of Funds

Effective Date Cost of Funds means (a) with respect to Term Loan G, Term Loan H, Term Loan I, Term Loan J, Term Loan K and Term Loan L, 19 basis points, (b) with respect to the Term Loan M, 19 basis points, (c) as of the Second Amendment Effective Date with respect to the Term Loan N, 00 xxxxx xxxxxx, (x) as of the Fourth Amendment Effective Date with respect to the Term Loan O, 22 basis points, (e) as of the Seventh Amendment Effective Date, 27 basis points. which is the amount by which (x) the SOFR Floating Note Rate exceeded (y) Daily Simple SOFR, in each case, determined as of the date that was two Business Days prior to the Seventh Amendment Effective Date and (f) as of the Eighth Amendment Effective Date, [ ] basis points. which is the amount by which (x) the SOFR Floating Note Rate differs from (y) Daily Simple SOFR, in each case, determined as of the date that is two Business Days prior to the Eighth Amendment Effective Date; provided that, with respect to clauses (a), (b), (c) and (d) hereof, the Effective Date Cost of Funds was originally determined by reference to the LIBOR Floating Note Rate and increased by 15 basis points to reflect the transition from LIBOR to SOFR.

Effective Date Cost of Funds means 41 basis points, which is the amount by which (x) the Floating Note Rate all-in cost indication differs from (y) SOFR, in each case determined as of the date that is two (2) Business Days prior to the Closing Date.

Related to Effective Date Cost of Funds

Incremental Effective Date has the meaning specified in Section 2.15(c).
Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.
Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.
Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”
Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).
Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.
Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).
Incremental Revolving Increase has the meaning set forth in Section 2.16(a).
Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).
Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.
Financing Costs Adjustment Date means each of the following days:
Administrative Cost Rate As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.
Effective Date of Settlement means: the date on which all of the conditions to settlement set forth in § 2 of this Settlement Agreement have been fully satisfied or waived and the Settlement shall have become Final.
Increase Effective Date has the meaning specified in Section 2.14(d).
Incremental Amount has the meaning specified in Section 2.14(a).
Closing Date Term Loan has the meaning set forth in Section 2.4(a).
Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.
Incremental Agreement shall have the meaning provided in Section 2.14(e).
Supplemental Amount The amount deposited in the Supplemental Loan Account on the Closing Date, which shall equal $0.00.
Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.
Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.
Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.
Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.
Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.
Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.
Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

Effective Date Cost of Funds definition

Filter & Search

Related Definitions

Related to Effective Date Cost of Funds