Distributions and Interest Amount. (i) The “Interest Rate”, with respect to Eligible Collateral in the form of Cash, for any day, will be the lesser of (x) the rate opposite the caption “Federal funds (effective)” for such day as published by the Federal Reserve Publication H.15 (519) or any successor publication as published by the Board of Governors of the Federal Reserve System and (y) the rate of interest actually received on such Cash.
Appears in 3 contracts
Samples: Isda Master Agreement (Nissan Auto Leasing LLC Ii), Master Agreement (Hyundai Abs Funding Corp), Isda Master Agreement (Volkswagen Auto Loan Enhanced Trust 2007-1)
Distributions and Interest Amount. (i) The “Interest Rate”, with respect to Eligible Posted Collateral in the form of Cash, for any day, will be the lesser of (x) the rate opposite the caption “Federal funds (effective)” for such day as published by the Federal Reserve Publication H.15 (519) or any successor publication as published by the Board of Governors of the Federal Reserve System and (y) the rate of interest actually received on such CashSystem.
Appears in 2 contracts
Samples: The Isda Master Agreement (Capital Auto Receivables Asset Trust 2007-3), The Isda Master Agreement (Capital Auto Receivables LLC)
Distributions and Interest Amount. (i) The “Interest Rate”, with respect to Eligible Collateral in the form of Cash, for any day, will be the lesser of (x) the rate opposite the caption “Federal funds (effective)” for such day as published by the Federal Reserve Publication H.15 (519) or any successor publication as published by the Board of Governors of the Federal Reserve System and (y) the rate of interest actually received on such CashSystem.
Appears in 1 contract
Samples: www.sandag.org
