NYFRB definition

NYFRB means the Federal Reserve Bank of New York.

NYFRB the Federal Reserve Bank of New York.

NYFRB s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

Examples of NYFRB in a sentence

• Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively.

• If and to the extent that the Borrower shall not have so made such payment, each Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from and including the date such amount is distributed to such Lender until but excluding the date such Lender repays such amount to the Administrative Agent, at the NYFRB Rate.

• If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon, at a rate equal to the greater of (i) the NYFRB Rate and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender makes such amount immediately available to the Administrative Agent.

• When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day (other than as described in the definition of Prime Rate or NYFRB Rate), the date of such payment or performance shall extend to the immediately succeeding Business Day and such extension of time shall be reflected in computing interest or fees, as the case may be.

• Any change in the ABR due to a change in the Prime Rate, the NYFRB Rate or such Eurodollar Rate shall be effective as of the opening of business on the day of such change in the Prime Rate, the NYFRB Rate or such Eurodollar Rate, respectively.

More Definitions of NYFRB

NYFRB means the Federal Reserve Bank of New York

NYFRB means the Federal Reserve Bank of New York. #96840107v3

NYFRB means the Federal Reserve Bank of New York.“NYFRB Rate ” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on xxxxxxx and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for theimmediately preceding Business Day);provided that if none of such rates are published for any day that is aBusiness Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on xxxxxxx received by the Administrative Agent from a federal funds broker of recognized standing selected by it;provided, further , that if any of the aforesaid rates as so determined would be less than zero, such rate shall be deemed to be zero for purposes of calculating such rate.“Obligations ” means (a) the unpaid principal of and interest on (including interest accruing after thematurity of the Loans made to the Borrower and interest accruing after the filing of any petition in bankruptcy, or thecommencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not aclaim for post-filing or post-petition interest is allowed in such proceeding) the Loans made to or LC Disbursementsmade pursuant to Letters of Credit issued for the account of the Borrower and all other obligations and liabilities ofthe Borrower and the other Loan Parties to the Administrative Agent, the Issuing Bank or to any Lender, whetherdirect or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which mayarise under, out of, or in connection with, this Agreement or any other document made, delivered or given inconnection herewith, whether on account of principal, interest, fees, indemnities, costs or expenses (including,without limitation, all reasonable fees, charges and disbursements of counsel), or otherwise, (b) all HedgingObligations (other than an Excluded Swap Obligation) and (c) all Cash Management Obligations.“OFAC ” means the U.S. Department of the Treasury’s Office of Foreign Assets Control.“Organic Document ” means (a) relative to each Person that is a corporation, its charter, its by-laws and allshareholder agreements, voting trusts and similar arrangements applicable to any of its authorized shares of capitalstock, (b) relative to each Person that is a partnership, its partnership agreement and any other similar arrangementsapplicable to any partnership or other Equity Interests in the Person, (c) relative to each Person t...

NYFRB means the Federal Reserve Bank of New York. “NYFRB Rate” shall mean, for any day, the greater of (a) the Federal Funds Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” shall mean 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. “Obligations” shall mean (x) all now existing or hereafter arising debts, obligations, covenants, and duties of payment or performance by any Credit Party of every kind, matured or unmatured, direct or contingent, owing, arising, due, or payable to any Lender, Agent or Indemnified Person by any Credit Party arising out of this Agreement or any other Credit Document, including, without limitation, all obligations to repay principal or interest (including interest, fees and other amounts accruing during any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding) on the Term Loans, and to pay interest, fees, costs, charges, expenses, professional fees, and all sums chargeable to any Credit Party or for which any Credit Party is liable as indemnitor under the Credit Documents, whether or not evidenced by any note or other instrument and (y) liabilities and indebtedness of the Borrower or any of its Restricted Subsidiaries owing under any Designated Interest Rate Protection Agreement or Designated Treasury Services Agreement (with respect to any Subsidiary Guarantor, other than any Excluded Swap Obligation of such Subsidiary Guarantor) entered into by the Borrower or any of its Restricted Subsidiaries, whether now in existence or hereafter arising. Notwithstanding anything to the contrary contained above, (x) obligations of any Credit Party under any Designated Interest Rate Protection Agreement or Designated Treasury Services Agreement shall be secured and guaranteed pursuant to the Credit Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (y) any release of Collateral or Guarantors effected in the manner permitted by this Agr...

NYFRB means the Federal Reserve Bank of New York (and any successor thereto).

NYFRB s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

NYFRB s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source. “Obligated Party” has the meaning assigned to such term in Section 10.02.