Applicable Federal Funds Rate definition

Applicable Federal Funds Rate means, for any day, a per annum rate equal to the sum of (i) the rate at which Federal funds are offered to the Swingline Lender on an overnight basis as determined by such Swingline Lender, plus (ii) one-eighth of one percent (1/8%).

Applicable Federal Funds Rate means, as of any date of determination, a rate per annum equal to the Federal Funds Rate in effect on such date and if such Federal Funds Rate is not available to the Swing Line Bank, such rate per annum as is reasonably determined by the Swing Line Bank as representing its actual cost of funding Swing Line Loans, without the addition of fees or markup of any kind.

Applicable Federal Funds Rate means, for any day, a per annum rate equal ----------------------------- to the sum of (i) the Federal Funds Rate plus (ii) one-eighth of one percent ---- (0.125%). Any change in the Applicable Federal Funds Rate due to a change in the Federal Funds Rate shall be effective on the effective date of such change in the Federal Funds Rate.

Examples of Applicable Federal Funds Rate in a sentence

• The unpaid principal amount of each Federal Funds Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Federal Funds Rate plus the Applicable Federal Funds Rate Margin.

• Any reduction in the Applicable Federal Funds Rate Margin shall become effective three (3) Business Days after the Borrower has so notified the Agent in writing of the rating or change in rating of the Borrower's senior debt which entitles the Borrower to a reduction in the Applicable Federal Funds Rate Margin.

• During such period as Swingline Loans shall consist of Fed Funds Swingline Loans, the sum of the Applicable Federal Funds Rate plus the Applicable Percentage.

• Trustees were comfortable with the loan using the Applicable Federal Funds Rate, but were in agreement that the affordability term should be in perpetuity (not 40 years).

• In such a case, your policy will remain in effectAUTOMATIC EXTENSIONWe will extend your coverage automatically beyond the date you were scheduled to return home as per the return date indicated on your confirmation if:• your common carrier is delayed or you are delayed due to circumstances beyond your control.

More Definitions of Applicable Federal Funds Rate

Applicable Federal Funds Rate means the Federal Funds Funding ----------------------------- Rate plus the Federal Funds Pricing Spread.

Applicable Federal Funds Rate means, for any day, a per annum rate

Applicable Federal Funds Rate means the Federal Funds Rate plus one and four-tenths of one percent (1.40%) except that with respect to Gestation Advances it shall mean (i) the Federal Funds Rate plus three-quarters of one percent (0.75%) on outstanding Gestation Advance balances up to and including the Gestation Advance Sublimit and (ii) the Federal Funds Rate plus one percent (1%) on Gestation Advances in excess of the Gestation Advance Sublimit. Eurodollar Spread shall mean, with respect to Loans which are made and/or maintained as Eurodollar Loans, one and four-tenths of one percent (1.40%).

Applicable Federal Funds Rate means the Federal Funds Rate plus three quarters of one percent (0.75%)."

Applicable Federal Funds Rate means on any date a rate per annum equal to the Federal Funds Effective Rate plus the Pricing Spread.

Applicable Federal Funds Rate means, with respect to the Canadian Company, the Canadian Federal Funds Rate, and with respect to the U.S. Company, the U.S. Federal Funds Rate.

Applicable Federal Funds Rate means the Federal Funds Rate calculated as of the first Business Day following each March 31, June 30, September 30, and December 31 (each, a "Determination Date"), which shall be used in calculating any interest due under this Agreement until the next Determination Date.