CFC Fixed Rate definition

CFC Fixed Rate means such fixed rate as is then available for loans similarly classified pursuant to CFC's policies and procedures then in effect.

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CFC Fixed Rate means the fixed rate as available for loans similarly classified pursuant to CFC's policies and procedures in effect at the time a conversion request is approved.

CFC Fixed Rate means (i) the sum of (y) the percentage rate that expresses the yield to maturity on U.S. Treasury securities with a maturity of ten (10) years, as quoted by Bloomberg data services at 10:00 a.m., New York Time, on April 22, 2016 plus (z) one hundred eighty five (185) basis points per annum, as agreed in writing by the parties on or prior to the Closing Date or (ii) such other fixed rate as may be agreed to in writing by the parties.

Examples of CFC Fixed Rate in a sentence

Interest on non-amortizing Advances bearing interest at a CFC Fixed Rate shall be computed for the actual number of days elapsed on the basis of a year of 365 days.
For any Advance, the Borrower may not select a CFC Fixed Rate with a CFC Fixed Rate Term that extends beyond the Maturity Date.
If the Borrower elects the CFC Variable Rate for an Advance, then such CFC Variable Rate shall apply until the Maturity Date, unless the Borrower elects to convert to a CFC Fixed Rate pursuant to the terms hereof.
Interest on amortizing Advances bearing interest at a CFC Fixed Rate shall be computed for the actual number of days elapsed on the basis of a year of 365 days, until the first day of the complete calendar quarter following the Amortization Basis Date.
If the Borrower elects a CFC Fixed Rate for an Advance, then such rate shall be in effect for the CFC Fixed Rate Term selected by Borrower.
Prior to the time when the CFC Fixed Rate is no longer applicable, the Borrower may select the CFC Variable Rate or a CFC Fixed Rate.
CFC shall provide the Borrower with at least sixty (60) days prior written notice of the date on which the CFC Fixed Rate is due to reprice.
If Borrower does not select an interest rate in writing when a CFC Fixed Rate is subject to repricing, then outstanding Advances shall reprice for the same CFC Fixed Rate Term as in effect immediately prior to the repricing, and shall bear interest at the then prevailing CFC Fixed Rate in effect for such term.
The Borrower may at any time convert from the CFC Variable Rate to a CFC Fixed Rate by submitting to CFC a Conversion Request requesting that a CFC Fixed Rate apply to any outstanding Advance.
Pursuant to CFC's policies of general application for such repricing, the Borrower may choose any of the interest rate options then available for similarly classified borrowers repricing from a CFC Fixed Rate.

More Definitions of CFC Fixed Rate

CFC Fixed Rate means (i) such fixed rate as is available on the Closing Date for loans having a term equal to the CFC Fixed Rate Term and otherwise similarly classified pursuant to CFC's policies and procedures then in effect, or (ii) such other fixed rate as may be agreed to by the parties and reflected on the written requisition for funds in the form attached as Exhibit A hereto.

CFC Fixed Rate means (i) such fixed rate as is then available for loans having a term equal to the selected CFC Fixed Rate Term and otherwise similarly classified pursuant to CFC's policies and procedures then in effect, or (ii) such other fixed rate as may be agreed to by the parties and reflected on an Advance Request.