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

  • 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.

  • In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would otherwise have been applied to repay the converted Revolving Loans of such Lender shall instead be applied to repay the ABR Loans, Fed Funds Loans or Eurocurrency Loans denominated in Dollars, as the case may be, made by such Lender resulting from such conversion.

  • 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.

  • Not later than 1:00 p.m., Chicago time, on the date specified for each such borrowing hereunder, each Bank shall make available the amount of the Alternate Base Rate Loan, the Eurodollar Loan or the Fed Funds Loans to be made by it on such date to the Agent, at such account as it shall specify, in immediately available funds, for the account of the Company.

  • Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to (a) 12:00 Noon, New York City time, in the case of Eurodollar Loans, or (b) 2:00 P.M., New York City time, in the case of Fed Funds Loans, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent.

  • Subject to the limitation set forth in the last sentence of Paragraph 2(b)(2) hereof, the Company may elect from time to time to convert Fed Funds Loans to Eurodollar Loans by giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election.

  • Fed Funds Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated 18 Nasdaq: BMRC Total Loans1 (1) Amounts represent amortized cost.

  • Interest on Eurodollar Loans, Alternate Base Rate Loans, Fed Funds Loans and facility fees shall be computed on the basis of a year of 360 days for the actual number of days elapsed (including the first day but excluding the last day) occurring in the period for which such interest or facility fees are payable.

  • 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 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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Fed Funds Loans means a Loan made in accordance with Section 2.1 hereof.
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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 has the meaning specified in Section 2.19(a).

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

  • Revolving Loans as defined in Section 2.4(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 means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • 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 2.16(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.

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, 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, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • 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.