FHLB Rate definition

FHLB Rate means the rate per annum quoted by Lender as Lender’s FHLB rate based upon the FHLB Seattle rate as quoted in Bloomberg, or on the FHLB Seattle internet web site at www.FHLBsea.com, or other comparable service selected by Lender for the applicable Interest Period. This definition of FHLB Rate is to be strictly interpreted and is not intended to serve any purpose other than providing an index to determine the rate used herein. It is not necessarily the lowest rate charged by Lender on its loans. If the FHLB Rate becomes unavailable during the term of this Promissory Note, Lender may designate a substitute index after notifying Borrower.
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FHLB Rate means the five (5) year rate as published by the Federal Home Loan Bank of Pittsburgh on (A) the Initial Maturity Date, or if Borrower has elected and qualified for the Extension Option, the Initial Extended Maturity Date, and on (B) the Conversion Date. If the FHLB Rate becomes unavailable, Lender may designate a substitute comparable index after notifying Borrower.
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FHLB Rate means the Classic Advance Rate for Fixed Rate Advances for a period of five (5) years for an amount greater than or equal to the Loan Commitment, as such rate is defined and published by the Federal Home Loan Bank of Boston.
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Examples of FHLB Rate in a sentence

  • Principal payments are due monthly with interest based on 200 basis points per annum above the FHLB Rate not to fall below 5.99%.

  • Previously, he was Vice President, Business Venture Relations from October 1997; and Vice President and General Manager, Nuclear Equipment Division, of Parent's Government Group from 1990.

  • Long-term debt consists of the following: 2023 2022 Bonds payable, secured by significant assets of the College, due in month installments of $106,770 including interest at an annual rate equal to 2.95% through June 2036, then increased to the 15-year FHLB Rate plus 1.50% through June 2041.

  • As used this Section 2.4E, the term “Applicable FHLB Rate Period” shall mean five (5) years.

  • The rate of interest payable by the Borrower on the Equipment Loans from and after the Conversion Date shall be the FHLB Rate, plus 1.75% per annum.

  • As used in this Section 2.4F, the term “Applicable FHLB Rate Period” shall mean five (5) years and the “Applicable FHLB Amortization Period” shall mean twenty (20) years.

  • With respect to the Converted CAPX Loan, Borrower shall have the option, on written notice delivered to Lender at least two (2) Business Days prior to CAPX Loan Termination Date (or any subsequent date on which Borrower desires and Lender agrees to have the Converted CAPX Loan bear interest at the FHLB Rate), to have the Converted CAPX Loan bear interest on the outstanding principal amount thereof at a fixed rate per annum equal to the FHLB Rate.

  • FHLB Rate - a fixed rate per annum equal to the sum of (a) the yield on Federal Home Loan Bank consolidated obligations having a maturity and amortization schedule of up to five (5) years, as quoted by the Federal Home Loan Bank on and for the date of the Converted CAPX Loan Note or any subsequent date with respect to which Borrower elects to have the Converted CAPX Loan bears interest at the FHLB Rate, as the case may be, plus (ii) two hundred twenty (220) basis points.

  • FHLB Rate Loan - the Converted CAPX Loan in the event Borrower elects such Loan to bear interest at the FHLB Rate.


More Definitions of FHLB Rate

FHLB Rate has the meaning assigned to such term in Section 2.08(c) hereto.
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FHLB Rate means a fixed rate of interest determined by Lender based upon the Amortizing Advance Rate offered by the Federal Home Loan Bank of New York for instruments having a term of five-year/five-year amortization (or for remaining amortization) most recently available on the day which is two (2) Business Days immediately preceding the date for such determination.
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FHLB Rate means, as of any date of determination, the rate per annum quoted by Lender as its Thirty Day FHLB rate based upon the FHLB Seattle rate as quoted in Bloomberg, or on the FHLB Seattle internet web site at wxx.XXXXxxx.xxx, or other comparable service selected by Lender. This definition of “FHLB Rate” is to be strictly interpreted and is not intended to serve any purpose other than providing an index to determine the interest rate used herein. It is not the lowest rate at which Lender may make loans to any of its customers, now or in the future. If the FHLB Rate becomes unavailable during the term of this Agreement, Lender may designate a substitute index after notifying Borrowers.
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Related to FHLB Rate

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.