Overnight Federal Funds Rate means, for any month, the average of daily "Federal Funds Rates" for such month. In turn, the daily Federal Funds Rates shall mean, for any day, the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day next succeeding such day.
Overnight Federal Funds Rate means, for any month, the average of daily "Federal Funds Rates" for such month. In turn, the daily Federal Funds Rates shall mean, for any day, the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day next succeeding such day. Other Fees BNY Mellon will pass through to the Fund or Funds any out-of-pocket expenses, including (but not limited to) vendor costs, postage, external legal and tax fees, courier expense, registration fees, and stamp duties. BNY Mellon may earn indirect compensation for items including but not limited to overdrafts, float, bank deposits and net Interest revenue. Any additional services will incur additional fees (e.g. accounting, benefit payments, performance and risk analytics, etc). For details on certain direct and indirect compensation that may be earned by BNY Mellon, please refer to the website: xxx.xxxxxxxxx.xxx/xx-xxxxxxxxxxx. Once on the site, the following password will be required to review the content: ASCOMP00 (note: the last 2 digits in the password are zeros).
Overnight Federal Funds Rate means for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of one percent (1%)) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, that (a) if such day is not a Business Day, the Overnight Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Overnight Federal Funds Rate for such day shall be the average rate charged to Xxxxx Fargo Bank, National Association on such day on such transactions as determined by Xxxxx Fargo Bank, National Association.
Examples of Overnight Federal Funds Rate in a sentence
In April 2022, the Company entered into a $10 million on demand revolving line of credit agreement with BMO HarrisInterest for this line of credit is determined at the time a loan is initiated and the applicable interest rate is calculated the rate per annum determined by adding 2.5% per annum to the Overnight Federal Funds Rate.
Interest for this line of credit is determined at the time a loan is initiated and the applicable interest rate is calculated the rate per annum determined by adding 2.5% per annum to the Overnight Federal Funds Rate.
As requested, rates are quoted in relation to the most recent Overnight Federal Funds Rate, as published in the Wall Street Journal, adjusted weekly.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES2005-AR4Plaintiff, vs.RITA V.
If any Bank fails to pay the Purchase Price for any Participation Interest when due, such Bank hereby agrees that the IssuingAgent shall be entitled to receive, and such Bank shall pay tothe Issuing Agent, interest on such Purchase Price from the date when due until paid at a rate equal to (x) the Overnight Federal Funds Rate for the first two Business Days and (y) the Prime Rate in effect on each date thereafter plus 1% perannum.
More Definitions of Overnight Federal Funds Rate
Overnight Federal Funds Rate. The rate on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day by the Federal Reserve Bank of New York.
Overnight Federal Funds Rate means, for any month, the average of daily “Federal Funds Rates” for such month. In turn, the daily Federal Funds Rates shall mean, for any day, the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day next succeeding such day. Initial Custody Conversion Fee Waiver Custodian will not charge custody transaction charges (per this fee schedule) related to the initial conversion of assets to Custodian. Custodian will not pass thru global custody market charges (including but not limited to, postage, courier expenses, registration fees, stamp duties, and fed wire fees, etc.) related to the initial conversion of assets to Custodian provided that the securities are properly registered at current custodian. FEES WILL BE PAYABLE AS FOLLOWS Fees will be calculated and billed on a monthly basis. Fees not paid within 60 days of the due date will be subject to a late charge of 1.5% of the amount billed. Additional charges of 1.5% per month will be incurred for each additional month fees remain unpaid. MELLON BANK, N.A. By: Title: First Vice President DELAWARE GROUP ADVISER FUNDS, on behalf of its Series identified on Appendix D DELAWARE GROUP CASH RESERVE, on behalf of its Series identified on Appendix D DELAWARE GROUP EQUITY FUNDS I, on behalf of its Series identified on Appendix D DELAWARE GROUP EQUITY FUNDS II, on behalf of its Series identified on Appendix D DELAWARE GROUP EQUITY FUNDS III, on behalf of its Series identified on Appendix D DELAWARE GROUP EQUITY FUNDS IV, on behalf of its Series identified on Appendix D DELAWARE GROUP EQUITY FUNDS V, on behalf of its Series identified on Appendix D DELAWARE GROUP FOUNDATION FUNDS, on behalf of its Series identified on Appendix D DELAWARE GROUP INCOME FUNDS, on behalf of its Series identified on Appendix D DELAWARE GROUP STATE TAX-FREE INCOME TRUST, on behalf of its Series identified on Appendix D DELAWARE GROUP TAX-FREE FUND, on behalf of its Series identified on Appendix D DELAWARE GROUP TAX-FREE MONEY FUND, on behalf of its Series identified on Appendix D DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, on behalf of its Series identified on Appendix D VOYAGEUR INSURED FUNDS, on behalf of its Series identified on Appendix D DELAWARE INVESTMENTS MUNICIPAL TRUST, on behalf of its Series identified on Appendix D VOYAGEUR INTERMEDIATE TAX-FREE FUN...
Overnight Federal Funds Rate means, for any month, the average of daily "Federal Funds Rates" for such month. In turn, the daily Federal Funds Rates shall mean, for any day, the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day next succeeding such day. Other Fees ● BNY Mellon will pass through to the Fund or Funds any out-of-pocket expenses, including (but not limited to) vendor costs, postage, external legal and tax fees, courier expense, registration fees, and stamp duties. ● BNY Mellon may earn indirect compensation for items including but not limited to overdrafts, float, bank deposits and net Interest revenue. Any additional services will incur additional fees (e.g. accounting, benefit payments, performance and risk analytics, etc). ● For details on certain direct and indirect compensation that may be earned by BNY Mellon, please refer to the website: xxx.xxxxxxxxx.xxx/xx-xxxxxxxxxxx. Once on the site, the following password will be required to review the content: ASCOMP00 (note: the last 2 digits in the password are zeros). Terms ● BNY Mellon will xxxx on a monthly basis; payments will be directly charged to accounts designated by the Fund or Funds, either automatically ("direct debit") or following a charging instruction ("direct charge"). ● All amounts due will be payable within 30 days of invoice date. Fees not paid within 60 days of the date of the invoice will be subject to a late charge of 1.5% per month. Any objections, corrections, or adjustments to a xxxx must be raised within 12 months of the billing date. In addition, BNY Mellon reserves the right to adjust a client xxxx for any under-billed activities up to 12 months after the billing date. After the 12-month period, all bills will be considered final.
Overnight Federal Funds Rate means, for any period, a fluctuating interest rate per annum 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 rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it in its sole discretion acting in good faith.
Overnight Federal Funds Rate means, for any period, a fluctuating interest rate per annum 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 rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Agent Bank from three Federal funds brokers of recognized standing selected by it in its sole discretion acting in good faith. Owner has the meaning specified in the Owner Trust Agreement.
Overnight Federal Funds Rate means, with respect to any determination date, the rate for Overnight Federal Funds as published on Telerate page 118 under the heading "Federal Funds (Effective)" expressed as an annualized rate of interest. In the event that such rate is not so published by 9:00 A.M., New York City time, on the determination date, the Overnight Federal Funds Rate shall be the most recently available rate prior to the determination date.
Overnight Federal Funds Rate means, at any time, the rate per annum at which Issuer, in its sole discretion, can acquire Federal funds in the interbank overnight federal funds market including through brokers of recognized standing.