Fed Funds Loan definition

Fed Funds Loan means any Loan made as a part of a Fed Funds Advance.
Sample 1Sample 2Sample 3
Fed Funds Loan means any Loan bearing interest at the Fed Funds Rate.
Sample 1
Fed Funds Loan means a Loan, the Interest Rate on which is calculated based on the Federal Funds Rate.
Sample 1

Examples of Fed Funds Loan in a sentence

  • If such notice is given: (1) no Loan may be funded as a Eurodollar Loan, (2) any Loan that was to have been converted to a Eurodollar Loan shall, subject to the provisions hereof, be continued as a Fed Funds Loan and (3) any outstanding Eurodollar Loan shall be converted on the last day of the then current Interest Period with respect thereto to a Fed Funds Loan.

  • A Swingline Loan denominated in Dollars shall be an ABR Loan or Fed Funds Loan, as designated in the request therefor.

  • The minimum allocation unit is a radio block, i.e. four timeslots in four consecutive TDMA frames.

  • Upon any such determination, any request by the Borrowers for a Eurodollar Loan pursuant to Section 2.2 shall, until the Agent has advised the Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, be deemed to be a request for a Fed Funds Loan.

  • The Borrower agrees to pay interest in respect of the unpaid principal amount of each Fed Funds Loan at a rate per annum equal to the Federal Funds Rate in effect from time to time plus (i) one and three-quarters of one percent (1.75%) if such Fed Funds Loan is a Tranche C Loan, (ii) two percent (2.0%) if such Fed Funds Loan is a Tranche D Loan and (iii) two and one-quarter of one percent (2.25%) if such Fed Funds Loan is a Tranche A Loan or a Tranche B Loan.

  • Any overdue principal of and, to the extent permitted by law, overdue interest on, any Fed Funds Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 3% plus the rate applicable to Prime Loans for such day.

  • Subject to Section 2.12, each Facility 1 Tranche A Loan shall be a Eurodollar Loan or a Fed Funds Loan.

  • As a result of my participation in EXPLORERS COURSE, I may be included in any such video, movie, photographic or audio reproduction.

  • If the Companies shall fail to give notice as provided above, the Companies shall be deemed to have elected to convert the affected Eurodollar Loan to a Fed Funds Loan on the last day of the relevant Interest Period.

  • If any such change makes it unlawful or improper for any Lender to maintain any Eurodollar Loan, such Lender shall, upon the happening of such event, notify the Agent and the Borrowers thereof, and the Borrowers shall immediately, or if permitted by applicable law, rule, regulation, order, decree, interpretation, request or directive, no later than the date permitted thereby, convert each such Eurodollar Loan into a Fed Funds Loan.


More Definitions of Fed Funds Loan

Fed Funds Loan means any Facility 1 Tranche B Loan or Facility 2 Loan bearing interest at the rate set forth in Section 2.6(c).
Sample 1
Fed Funds Loan means any loans bearing interest at the Fed Funds Rate as set forth in Section 2.5(b).
Sample 1
Fed Funds Loan means a Swingline Loan when it bears interest at the Fed Funds Rate.
Sample 1
Fed Funds Loan means a Loan that bears interest at the per annum rate set forth in Section 2.7(a).
Sample 1

Related to Fed Funds Loan

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • U.S. Loan means an extension of credit by a Lender to a Borrower under Article II in the form of a U.S. Committed Loan or U.S. Swing Line Loan.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • PLUS Loan means a Loan that was made pursuant to the PLUS Program established under Section 428B of the Higher Education Act (or predecessor provisions).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Dollar Loan means a Loan denominated in Dollars.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Existing Loan means the loan identified on Exhibit H.

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Refinancing Loan has the meaning specified in Section 2.15(b).