Fed Funds Rate Loans definition

Fed Funds Rate Loans means Loans the interest rates on which are determined on the basis of rates referred to in the definition of “Fed Funds Rate.”
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Fed Funds Rate Loans means Loans made by Bank of America pursuant to Section 2.1(b) that bear interest at rates based upon the Adjusted Federal Funds Rate.
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Fed Funds Rate Loans. Loans the interest on which is determined on the basis of rates referred to in clause (c) of the definition of "Fixed Base Rate" in this Article 1.
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Examples of Fed Funds Rate Loans in a sentence

  • Each Intermediate Term Advance shall be comprised of Fixed Rate Loans, Base Rate Loans or Fed Funds Rate Loans as the Borrower may request pursuant to Section 2A.05 hereof The Borrower may refinance all or any part of any Intermediate Term Advance with an Intermediate Term Advance of the same or a different Type, subject, in each case, to the conditions and limitations set forth in this Agreement.

  • The Company may elect from time to time to convert Tranche A Committed Loans and Tranche B Loans outstanding as Effective Fed Funds Rate Loans to Eurodollar Loans by giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election.

  • Subject to the terms of this Agreement, during such period the Borrower may borrow, repay, and reborrow the amount of the Commitments from time to time in effect by means of Prime Rate Loans, Eurodollar Loans and Fed Funds Rate Loans and may Convert Loans of one type into Loans of another type or Continue Eurodollar Loans; provided that no more than five (5) Eurodollar Loans may be outstanding from each Bank at any one time.

  • All Swingline Loans will be Fed Funds Rate Loans or Offered Rate Loans and will be in an amount not less than $250,000 or an integral multiple of $100,000 in excess thereof.

  • Subject to the terms of this Agreement, during such period the Borrower may borrow, repay, and reborrow the amount of the Commitments from time to time in effect by means of Base Rate Loans, Eurodollar Loans, and Fed Funds Rate Loans and may Convert Loans of one type into Loans of another type or Continue Eurodollar Loans; provided that no more than ten (10) Eurodollar Loans may be outstanding from each Bank at any one time.

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  • Subject to the terms of this Agreement, during such period the Borrower may borrow, repay, and reborrow the amount of the Commitments from time to time in effect by means of Base Rate Loans and Fed Funds Rate Loans and may Convert Loans of one type into Loans of another type.

  • The interest rate on Advances comprised of said Fed Funds Rate Loans shall change as and when the Fed Funds Rate changes, effective as of the opening of business on the day in which such change in the Fed Funds Rate becomes effective.

  • All Loans shall initially be funded as Effective Fed Funds Rate Loans and, thereafter, shall be maintained, at the election of the Company made from time to time as permitted herein, as Effective Fed Funds Rate Loans, Reference Rate Loans and/or Eurodollar Loans.

Related to Fed Funds Rate Loans

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

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

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

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

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

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

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

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • 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.

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

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Fed Funds Rate means, for any period, a fluctuating interest rate (expressed as a per annum rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by BNPLC's Parent from three Federal funds brokers of recognized standing selected by BNPLC's Parent. All determinations of the Fed Funds Rate by BNPLC's Parent shall, in the absence of clear and demonstrable error, be binding and conclusive upon NAI.

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