FRB definition

FRB means the Board of Governors of the Federal Reserve System of the United States.

FRB means the Federal Reserve Board.

FRB means the Board of Governors of the Federal Reserve System or any successor thereto. GAAP means generally accepted accounting principles in effect in the United States of America set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), which are applicable to the circumstances as of the date of determination.

Examples of FRB in a sentence

• Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

• Neither Borrower nor any Affiliate thereof has any contemplated plans to use the proceeds of any Advance to pay any debt owed to, or purchase any assets of, any Person known by it to be a non-bank Affiliate of a Lender in a manner that would cause such Lender to violate Regulation W of the FRB.

• No Loan Party is engaged nor will it engage, principally or as one of its important activities, in the business of (i) purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB) or (ii) extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Borrowings will be used for any purpose that violates Regulation U.

• No Loan Party is engaged nor will it engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Borrowings will be used for any purpose that violates Regulation U.

• No Obligor is engaged nor will it engage, principally or as one of its important activities, in the business of (i) purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB) or (ii) extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Borrowings will be used for any purpose that violates Regulation U.

More Definitions of FRB

FRB has the meaning specified in the definition of Deliver.

FRB means the Board of Governors of the Federal Reserve System of the United

FRB. The Board of Governors of the Federal Reserve System, and any Governmental Authority succeeding to any of its principal functions.

FRB means the Board of Governors of the Federal Reserve System and, where appropriate, the Federal Reserve Bank of Philadelphia.

FRB or “Federal Reserve Board” shall mean Board of Governors of the Federal Reserve System.

FRB shall have the meaning set forth in Section 3.2.

FRB means the Board of Governors of the Federal Reserve System, or any designee thereof or successor thereto.