CD Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board as in effect from time to time) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.
CD Reserve Percentage means the rate (as determined by the Bank) of the maximum reserve requirement (including, without limitation, any supplemental, marginal and emergency reserves) imposed on the Agent by the Board of Governors of the Federal Reserve System (or any successor) from time to time on non-personal time deposits having a maturity equal to the applicable Interest Period and in an amount equal to the unpaid principal amount of the relevant CD Rate Loan, subject to any amendments of such reserve requirement by such Board or its successor, taking into account any transitional adjustments thereto. The Adjusted CD Rate shall automatically be adjusted as of the date of any change in the CD Reserve Percentage.
CD Reserve Percentage has the meaning set forth in --------------------- Section 2.10(b).
Examples of CD Reserve Percentage in a sentence
Any change in the interest rate on a Loan resulting from a change in the ABR, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the C/D Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate on a Loan resulting from a change in the ABR, the Eurodollar Reserve Requirements, the C/D Assessment Rate or the C/D Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate on a Loan resulting from a change in the CD Assessment Rate or the CD Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate on a Loan resulting from a change in the ABR, any LIBOR reserve requirements, the MLA Costs, the C/D Assessment Rate or the C/D Reserve Percentage shall become effective as of the opening of business on the day on which such change becomes effective.
Any change in the interest rate on a Bank Loan resulting from a change in the Base Rate, the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the C/D Reserve Percentage shall become effective as of the opening of business on the day on which such change in the Base Rate is announced or such change in the Eurocurrency Reserve Requirements, the C/D Assessment Rate or the C/D Reserve Percentage becomes effective, as the case may be.
More Definitions of CD Reserve Percentage
CD Reserve Percentage means, for any day, the percentage (expressed as a decimal and rounded upward, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Federal Reserve Board (or any successor), for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) with respect to new non-personal time deposits in Dollars in the United States of America having a maturity comparable to the duration of the applicable Interest Period and in an amount of $100,000 or more for a member bank of the Federal Reserve System in New York City.
CD Reserve Percentage for any Fixed Period is that percentage which is specified on the Business Day immediately preceding the first day of such Fixed Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, but not limited to, any emergency, supplemental or other marginal reserve requirement) for Citibank with respect to liabilities consisting of or including (among other liabilities) U.S. dollar non-personal time deposits in the United States each in an amount of $100,000 or more and with a maturity equal to such Fixed Period.
CD Reserve Percentage means, for any day, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor), for determining the maximum reserve requirement for a member bank of the Federal Reserve System in Charlotte, North Carolina with deposits exceeding one billion Dollars in respect of non-personal time deposits in Dollars in Charlotte, North Carolina having a maturity of three months in an amount of $100,000 or more.
CD Reserve Percentage means for any day that percentage --------------------- (expressed as a decimal) which is in effect on such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System in New York City with deposits exceeding five billion U.S. Dollars in respect of new non-personal time deposits in U.S. Dollars in New York City having a maturity comparable to the related Interest Period and in an amount of $100,000 or more. The Adjusted CD Rate shall be adjusted automatically on and as of the effective date of each change in the CD Reserve Percentage.
CD Reserve Percentage means for the purposes of computing the Cost-Adjusted CD Base Rate, the reserve requirement percentage (expressed as a decimal) applicable to Lender, including any supplemental, marginal or emergency reserves as in effect from time to time, imposed by the Board of Governors of the Federal Reserve System (or any successor).
CD Reserve Percentage means, for any day, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more; and “CD Assessment Rate” shall mean, for any day, the annual assessment rate in effect on such day which is payable by a member of the Bank Insurance Fund classified as “well-capitalized” and within supervisory subgroup “A” (or a comparable successor assessment risk classification) within the meaning of 12 C.F.R. § 327.3(e) (or any successor provision) to the Federal Deposit Insurance Corporation (or any successor) for such Corporation’s (or such successor’s) insuring time deposits at offices of such institution in the United States. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Base CD Rate or the Federal Funds Effective Rate, or both, for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms thereof, the ABR shall be determined without regard to clause (b) or (c), or both, of the first sentence of this definition, as appropriate, until the circumstances giving rise to such inability no longer exist. Any change in the ABR due to a change in the Prime Rate, the Three-Month Secondary CD Rate, the CD Reserve Percentage, the CD Assessment Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate, the Three-Month Secondary CD Rate, the CD Reserve Percentage, the CD Assessment Rate or the Federal Funds Effective Rate, respectively.
CD Reserve Percentage means the percentage, expressed as a decimal, which the Bank determines will be applicable on the first day of the relevant Interest Period for a requested CD Loan, for determining the applicable reserve requirement (including, without limitation, any basic, supplemental or emergency reserves) for the Bank, in respect of new non-personal time deposits in Dollars having a maturity comparable to the requested CD Loan and in an amount equal to or exceeding $100,000.