FDIC Percentage definition

FDIC Percentage means, on any day, the net assessment rate (expressed as a percentage rounded to the next highest 1/100 of 1%), if any, which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Lender to the Federal Deposit Insurance Corporation (or any successor) for insuring Eurocurrency deposits made in dollars at Lender's principal offices. Each determination of said percentage made by Lender shall, in the absence of manifest error, be binding and conclusive.
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FDIC Percentage means, on any day, the net assessment rate (expressed as a percentage rounded to the next highest 1/100 of 1%), if any, which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Lenders to the Federal Deposit Insurance Corporation (or any successor) for insuring Eurocurrency deposits made in Dollars at Lenders’ principal offices. Each determination of said percentage made by Lender shall, in the absence of manifest error, be binding and conclusive.
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FDIC Percentage means for any Interest Period the net annual --------------- assessment rate (rounded upwards, if necessary, to the next higher 1/100 of 1%) actually incurred by Xxxxxx Guaranty Trust Company of New York to the Federal Deposit Insurance Corporation (or any successor) for such Corporation's (or such successor's) insuring time deposits at offices of Xxxxxx Guaranty Trust Company of New York in the United States during the most recent period for which such rate has been determined prior to the commencement of such Interest Period.
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Examples of FDIC Percentage in a sentence

  • The unpaid principal balance of each CD Advance ---------- (inclusive of any rollover of or conversion to a CD Borrowing) shall bear interest from the date of advance until paid at a rate per annum which shall from day to day be equal to the lesser of (a) the Maximum Rate or (b) the sum of (i) the FDIC Percentage in effect on such date plus (ii) the Adjusted CD Rate for Interest Period in effect plus (iii) the Applicable Margin.

  • The unpaid principal balance of each CD Advance (inclusive of any rollover of or conversion to a CD Borrowing) shall bear interest from the date of advance until paid at a rate per annum which shall from day to day be equal to the lesser of (a) the Maximum Rate or (b) the sum of (i) the FDIC Percentage in effect on such date plus (ii) the Adjusted CD Rate for Interest Period in effect plus (iii) the Applicable Margin.

  • Each determination of the FDIC Percentage by Agent shall be conclusive and binding, absent manifest error, and may be computed by using any reasonable averaging and attribution method.

  • Each determination of the FDIC Percentage by Lender shall be conclusive and binding, absent manifest error, and may be computed by using any reasonable averaging and attribution method.


More Definitions of FDIC Percentage

FDIC Percentage means, on any day, the net assessment rate (expressed as a percentage rounded to the next highest .01 of 1%) which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Lender to the Federal Deposit Insurance Corporation (or any successor) for insuring time deposits made in dollars at Lender's principal offices in Dallas, Texas. Each determination of said percentage made by Lender shall, in the absence of manifest error, be binding and conclusive.
Sample 1
FDIC Percentage means, on any date, the net assessment rate (expressed as a percentage rounded to the next highest point .01 of 1%) which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Bank to the Federal Deposit Insurance Corporation (or any successor) for insuring time deposits made in dollars at Bank's principal offices in Dallas, Texas.
Sample 1
FDIC Percentage means, on any day, the annual assessment rate in effect on such day which is payable by a member of the Bank Insurance Fund classified as well capitalized and within supervisory subgroup "B" (or a comparable risk classification) within the means of 12 C.F.R. ss.
Sample 1
FDIC Percentage and of "UCC" in Section 1.1 of the Credit Agreement, and all other references to "Texas", or to "Dallas, Texas" in the Credit Agreement or the Guaranty Agreements are amended to instead refer to "New Mexico" or "Albuquerque, New Mexico", as applicable.
Sample 1
FDIC Percentage means, on any day, the net assessment rate (expressed as a percentage rounded to the next highest 1/100 of 1%) which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Lender to the Federal Deposit Insurance Corporation (or any successor) for insuring Eurocurrency deposits made in dollars at Lender's principal office in Dallas, Texas. Each good faith determination of said percentage made by Lender shall, in the absence of manifest error, be binding; however, in the event any error in such determination is discovered, appropriate adjustment shall be made to such percentage.
Sample 1
FDIC Percentage means, on any day, the net assessment rate (expressed as a percentage rounded to the next highest 1/100 of 1%), if any, which is in effect on such day (under the regulations of the Federal Deposit Insurance Corporation or any successor) for determining the assessments paid by Agent to the Federal Deposit Insurance Corporation (or any successor) for insuring Eurocurrency deposits made in dollars at Agent's principal office (which for NationsBank shall be its principal office in Dallas, Texas). Each determination of said percentage made by Agent shall, in the absence of manifest error, be binding and conclusive.
Sample 1

Related to FDIC Percentage

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • controlling percentage means the ownership of, and the right to vote, stocks possessing at least 50% of the total combined voting power of all classes of Tenant's stock issues, outstanding and permitted to vote for the election of directors;

  • Class B Percentage Any one of the Class B-1 Percentage, Class B-2 Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or Class B-6 Percentage.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • CAM Percentage means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

  • Funding Percentage means, for each Lender at the time of any Revolving Borrowing or Revolving Facility LC Issuance, (i) if there is no Aggregate Canadian Sub-Facility Exposure, such Lender’s Fixed Commitment Percentage, or (ii) if there is any Aggregate Canadian Sub-Facility Exposure, such Lender’s Adjusted Commitment Percentage.

  • Commitment Percentage means, as to any Lender at any time, the ratio of (a) the amount of the Commitment of such Lender to (b) the Aggregate Commitment of all of the Lenders.