Fed Funds Loans definition

Fed Funds Loans means Loans the rate of interest applicable to which is based on the Fed Funds Rate.
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Fed Funds Loans. Swingline Loans bearing interest at a rate per annum determined by reference to the Federal Funds Effective Rate.
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Fed Funds Loans means Loans hereunder at such time as they are bearing interest at the Applicable Fed Funds-Based Rate or at the Buy-Down Rate.
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Examples of Fed Funds Loans in a sentence

  • Whenever the Borrower desires that the Swingline Lender make a Swingline Loan, it shall give the Swingline Lender irrevocable telephonic notice, which telephonic notice must be received by the Swingline Lender not later than 1:00 P.M., New York City time, on the proposed Borrowing Date, specifying (i) the amount to be borrowed, (ii) whether the borrowing is to be comprised of Fed Funds Loans or ABR Loans and (iii) the requested Borrowing Date (which shall be a Business Day during the Commitment Period).

  • The Agent shall have no obligation to verify the amount of any Available Deposits supporting the pricing of such Fed Funds Loans and/or Swingline Loans, as applicable, held by any Buy-Down Lender, including without limitation, any deficiency fees or other amounts payable to such Lender by the Borrower under the applicable Buy-Down Agreement.

  • The Agent shall (until otherwise notified by the Borrower and Buy-Down Lender to the contrary) accrue interest on such Fed Funds Loans at the Buy-Down Rate and such Swingline Loans at the Swingline Buy-Down Rate and the Borrower shall pay such interest in accordance with Section 2.17.

  • Interest on Fed Funds Loans shall be payable monthly, in arrears, as provided in Paragraph 2(d) below, and interest on Eurodollar Loans shall be payable at the end of the applicable Interest Period and, in the event the applicable Interest Period exceeds one month, monthly in arrears, as provided in Paragraph 2(d) below.

  • Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Borrowers have the right to convert Prime Rate Loans or Fed Funds Loans to Eurodollar Loans.

  • Upon the funding of a participation under this paragraph (f) in any Euro Loan or Sterling Loan, the portion of such Loans so funded shall be converted to Dollar Swingline Loans accruing interest as Fed Funds Loans but JPMorgan’s Applicable Percentage of such Loans shall remain as a Euro Loan or a Sterling Loan.

  • When the agent leaves the firm and no longer receives compensation, he still consumes from his private account and has access to the capital market.

  • In addition to Fed Funds Loans pursuant to Section 2.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 4.1(b) as to the aggregate principal amount of Revolving Loans at any time outstanding hereunder), from time to time the Company may request the Bank to make offers to make to the Company Revolving Loans which are designated as Money Market Loans.

  • If such notice is given, all Fed Funds Loans made after the date of such notice shall bear interest at the applicable Prime Rate less 1/2%.

  • The Agent shall (until otherwise notified by the Borrower and Buy- Down Lender to the contrary) accrue interest on such Fed Funds Loans at the Buy-Down Rate and the Borrower shall pay such interest in accordance with Section 2.18.


More Definitions of Fed Funds Loans

Fed Funds Loans means a Loan made in accordance with Section 2.1 hereof.
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Fed Funds Loans means each Loan designated or deemed designated as such by the respective Borrower at the time of incurrence thereof or conversion thereto.
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Related to Fed Funds Loans

  • 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.

  • 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.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • New Revolving Loans as defined in Section 2.25.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a syndicated loan or credit facility.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).