Federal Reserve System definition

Federal Reserve System means the central banking system of the United States.
Federal Reserve System means the Board of Governors of the United States Federal Reserve System and the United States Federal Reserve Banks.
Federal Reserve System means the central banking system of the United States;

Examples of Federal Reserve System in a sentence

  • Neither the Company nor any of its Subsidiaries or affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).

  • Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).


More Definitions of Federal Reserve System

Federal Reserve System means, collectively, the Federal Reserve Banks and the Board of Governors of the Federal Reserve System.
Federal Reserve System is the central banking system of the United States. “Fee Schedule” has the meaning set forth in Section 19.
Federal Reserve System has the meaning given to that term in the Recitals.
Federal Reserve System means the Board of Governors of the Federal Reserve System of the United States of America or any successor thereof.
Federal Reserve System means the system established by the Federal Reserve Act of 1913 to regulate the U.S. monetary and banking system.
Federal Reserve System. (the "FEDERAL RESERVE BOARD"), and none of the proceeds of the sale of the Securities will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security, for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin security or for any other purpose which might cause any of the Securities to be considered a "purpose credit" within the meanings of Regulation T, U or X of the Federal Reserve Board. (gg) Neither the Company nor any of its subsidiaries is a party to any contract, agreement or understanding with any person that would give rise to a valid claim against the Company or the Initial Purchaser for a brokerage commission, finder's fee or like payment in connection with the offering and sale of the Securities. (hh) The Securities satisfy the eligibility requirements of Rule 144A(d)(3) under the Securities Act. (ii) None of the Company, any of its affiliates or any person acting on its or their behalf has engaged or will engage in any directed selling efforts (as such term is defined in Regulation S under the Securities Act ("REGULATION S")), and all such persons have complied and will comply with the offering restrictions requirement of Regulation S to the extent applicable. (jj) Neither the Company nor any of its affiliates has, directly or through any agent, sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any security (as such term is defined in the Securities Act), which is or will be integrated with the sale of the Securities in a manner that would require registration of the Securities under the Securities Act. (kk) None of the Company or any of its affiliates or any other person acting on its or their behalf has engaged, in connection with the offering of the Securities, in any form of general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act. (ll) There are no securities of the Company or Holdings registered under the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT"), or listed on a national securities exchange or quoted in a U.S. automated inter-dealer quotation system other than the Company's 115/8% Senior Subordinated Notes due 2004 and Holdings' Class A common stock. (mm) None of the Company or any of the Guarantors has taken or will take, directly or indirectly, any action prohibited by Regulation M under the Exchange Act in connection with the offering o...
Federal Reserve System. Regulation X" means regulation X of the Board of Governors of the United States Federal Reserve System. <PAGE> 12 "Repeating Representations" means the representations which are deemed to be repeated under this Agreement. "Request" means a request for a Loan, substantially in the form of Schedule 3 (Form of Request). "Revolving Credit Facility" means the revolving credit facility made available under this Agreement. "Revolving Credit Loan" means a Loan under the Revolving Credit Facility. "Rollover Loan" means one or more Revolving Credit Loans: (a) to be made on the same day that a maturing Revolving Credit Loan is due to be repaid; (b) the aggregate amount of which is equal to or less than the maturing Revolving Credit Loan; (c) in the same currency as the maturing Revolving Credit Loan; and (d) to be made to the same Borrower for the purpose of refinancing a maturing Revolving Credit Loan. "Screen Rate" means: (a) for LIBOR, the British Bankers Association Interest Settlement Rate (if any); and (b) for EURIBOR, the percentage rate per annum determined by the Banking Federation of the European Union, for the relevant currency and Term displayed on the appropriate page of the Telerate screen selected by the Facility Agent. If the relevant page is replaced or the service ceases to be available, the Facility Agent (after consultation with the Company and the Lenders) may specify another page or service displaying the appropriate rate. "Security Interest" means any mortgage, pledge, lien, charge, assignment, hypothecation or security interest or any other agreement or arrangement having a similar effect. "Shareholders' Funds" means, for a Borrower, the aggregate of: <PAGE> 13