Common use of Determination of Federal Funds Rate Clause in Contracts

Determination of Federal Funds Rate. The "Federal Funds Rate" for any Interest Determination Date is the rate on that date for Federal Funds, as published in H.15(519) prior to 3:00 P.M., New York City time, on the calculation date for that Interest Determination Date under the heading "Federal Funds (Effective)" and/or displayed on Bridge Telerate, Inc. (or any successor service) on page 120 (or any other page as may replace the specified page on that service) ("Telerate Page 120"). The following procedures will be followed if the Federal Funds Rate cannot be determined as described above: · If the above rate is not published in H.15(519) by 3:00 P.M., New York City time, on the calculation date or does not appear on Telerate Page 120, the Federal Funds Rate will be the rate on that Interest Determination Date, as published in H.15 Daily Update, or such other recognized electronic source for the purposes of displaying the applicable rate, under the caption "Federal Funds (Effective)". · If that rate is not published in H.15 Daily Update by 3:00 P.M., New York City time, on the calculation date, then the calculation agent will determine the Federal Funds Rate to be the average of the rates for the last transaction in overnight federal funds quoted by three leading brokers of Federal Funds transactions in New York City, selected by the calculation agent, as of 9:00 A.M., New York City time, on that Interest Determination Date. · If fewer than three brokers selected by the calculation agent are quoting as mentioned above, the Federal Funds Rate will be the Federal Funds Rate in effect on that Interest Determination Date.

Determination of Federal Funds Rate. The "Federal Funds Ratefederal funds rate" for any Interest Determination Date is the rate on that date for Federal Fundsfederal funds, as published in H.15(519) prior to 3:00 P.M., New York City time, on the calculation date for that Interest Determination Date under the heading "Federal Funds (Effective)" and/or displayed on Bridge Telerate, Inc. (or any successor service) on page 120 (or any other page as may replace the specified page on that service) ("Telerate Page 120"). The following procedures will be followed if the Federal Funds Rate federal funds rate cannot be determined as described above: · If the above rate is not published in H.15(519) by 3:00 P.M., New York City time, on the calculation date or does not appear on Telerate Page 120, the Federal Funds Rate federal funds rate will be the rate on that Interest Determination Date, as published in H.15 Daily Update, or such other recognized electronic source for the purposes of displaying the applicable rate, under the caption "Federal Funds (Effective)". ." · If that the alternate rate described above is not published in H.15 Daily Update by 3:00 P.M., New York City time, on the calculation date, then the calculation agent Calculation Agent will determine the Federal Funds Rate federal funds rate to be the average of the rates for the last transaction in overnight federal funds quoted by three leading brokers of Federal Funds federal funds transactions in New York City, selected by the calculation agentCalculation Agent, as of 9:00 A.M., New York City time, on that Interest Determination Date. · If fewer than three brokers selected by the calculation agent Calculation Agent are quoting as mentioned above, the Federal Funds Rate federal funds rate will be the Federal Funds Rate federal funds rate in effect on that Interest Determination Date.

Determination of Federal Funds Rate. The "Federal Funds Ratefederal funds rate" for any Interest Determination Date is the rate on that date for Federal Fundsfederal funds, as published in H.15(519) prior to 3:00 P.M., New York City time, on the calculation date for that Interest Determination Date under the heading "Federal Funds (Effective)" and/or displayed on Bridge Telerate, Inc. (or any successor service) on page 120 (or any other page as may replace the specified page on that service) ("Telerate Page 120"). The following procedures will be followed if the Federal Funds Rate federal funds rate cannot be determined as described above: · If the above rate is not published in H.15(519) by 3:00 P.M., New York City time, on the calculation date or does not appear on Telerate Page 120, the Federal Funds Rate federal funds rate will be the rate on that Interest Determination Date, as published in H.15 Daily Update, or such other recognized electronic source for the purposes of displaying the applicable rate, under the caption "Federal Funds (Effective)". ." · If that the alternate rate described above is not published in H.15 Daily Update by 3:00 P.M., New York City time, on the calculation date, then the calculation agent Calculation Agent will determine the Federal Funds Rate federal funds rate to be the average of the rates for the last transaction in overnight federal funds quoted by three leading brokers of Federal Funds federal funds transactions in New York City, selected by the calculation agentCalculation Agent, as of 9:00 A.M., New York City time, on that Interest Determination Date. · If fewer than three brokers selected by the calculation agent are quoting as mentioned above, the Federal Funds Rate will be the Federal Funds Rate in effect on that Interest Determination Date.

Determination of Federal Funds Rate. The "If the Base Rate is the Federal Funds Rate" for any , as indicated on the face hereof, the interest rate shall equal the rate on the Interest Determination Date is specified on the rate on that date face hereof for Federal Funds, as published in H.15(519) prior to 3:00 P.M., New York City time, on the calculation date Calculation Date for that Interest Determination Date under the heading "Federal Funds (Effective)" and/or ", as such rate is displayed on Bridge Telerate, Inc. (or any successor service) Telerate on page 120 (or any other page as may replace the specified such page on that such service) ("Telerate Page 120"). The following procedures will be followed if If the Federal Funds Rate cannot be determined as described above: · - If the above rate is not published in H.15(519) by 3:00 P.M., New York City time, on the calculation date or does not appear on Telerate Page 120Calculation Date, the Federal Funds Rate will be the rate on that Interest Determination Date, as published in H.15 Daily Update, or such other recognized electronic source used for the purposes purpose of displaying the applicable such rate, under the caption "Federal Funds (Effective)". · - If that rate does not appear on Telerate Page 120 or is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the calculation dateCalculation Date, then the calculation agent will determine the Federal Funds Rate to be the average of the rates for the last transaction in overnight federal funds Federal Funds quoted by three leading brokers of Federal Funds transactions in New York City, selected by the calculation agent, City as of 9:00 A.M., New York City time, on that Interest Determination Date. · The calculation agent will select the three brokers referred to above. - If fewer than three brokers selected by the calculation agent are quoting as mentioned above, the Federal Funds Rate will be the Federal Funds Rate then in effect on that Interest Determination Date.