Closing Date Cost of Funds definition

Closing Date Cost of Funds means the difference between (a) the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and (b) the one-month LIBOR Rate, as of the date hereof.
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Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) the all-in one (1) month LIBOR Floating Note Rate cost of funds applicable to the Farm Credit Lenders as indicated by the Farm Credit Funding Corporation exceeds (B) the one (1) month LIBO Rate, in each case as of the Restatement Effective Date.
Sample 1
Closing Date Cost of Funds means, as of the Closing Date, 8 basis points, which is the amount by which (x) the Floating Note Rate differs from (y) the LIBOR Rate for an Interest Period of one month, in each case determined as of the date that is two Business Days prior to the Closing Date. ​
Sample 1

Examples of Closing Date Cost of Funds in a sentence

  • In recognition of the foregoing the Agent (as that term is defined in the MLA) shall, on the third anniversary of the date hereof (“Reset Date”), increase or decrease the Available Rates applicable to this Commitment by the basis points difference between the Current Cost of Funds and the Closing Date Cost of Funds, which increase or decrease shall remain in effect until the Term Expiration Date.

  • CoBank shall determine (which determination shall be conclusive absent manifest error) the difference (in basis points), if any, between the Current Cost of Funds as of the Reset Date and the Closing Date Cost of Funds and shall notify the Company thereof in writing (which writing shall be acknowledged in writing by a Responsible Officer of the Company) and CoBank shall deliver such written notice acknowledged by a Responsible Officer of the Company to the Administrative Agent.


More Definitions of Closing Date Cost of Funds

Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) the all-in one
Sample 1
Closing Date Cost of Funds means 0.010%, which is the difference between (A) the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and (B) the one-month LIBOR Rate as of the date hereof. (B) “Current Cost of Funds” means, as of any Reset Date, the difference, if any, between the all-in one-month LIBOR Floating Note Rate cost of funds paid by Lender as indicated by the Farm Credit Funding Corporation and the one-month LIBOR Rate as of such date. (C) “LIBOR Floating Note Rate” means, as of any date, the estimated funding cost, including standard underwriting fees, for new farm credit debt securities issued into the primary market based on market observations on such date indicated at approximately 9:30 a.m. Eastern time; provided that such indications represent the Farm Credit Funding Corporation’s best estimate of the cost of new debt issues based on a combination of daily surveys of selected farm credit selling group members (participating bond dealers) and ongoing monitoring of the fixed income markets for actual, recent, primary market issuance by other government-sponsored enterprises of similar bonds and notes and pricing within related derivative markets, particularly the interest rate swap market. Historical information on such funding costs is available, for the prior week, on the Farm Credit Funding Corporation’s website (xxxx://xxx.xxxxxxxxxxxxxxxxx.xxx/ffcb live/fundingCostlndex.html) under the “Output” tab of the most recent spreadsheet. 3 LINCOLNWAY ENERGY, LLC Nevada, Iowa Promissory Note No. 00031748T02 SECTION 7.
Sample 1
Closing Date Cost of Funds means, (a) in the case of the Term Loan Advances: as of the Second Amendment Effective Date, 55 basis points, which is the amount by which (x) the all-in Floating Note Rate cost of funds paid by the Lenders as indicated by The Federal Farm Credit Banks Funding Corporation exceeds (y) the Eurodollar Rate (as defined in this Agreement as in effect on the Second Amendment Effective Date) for an Interest Period of one month, in each case determined as of the date that is two (2) Business Days prior to the Second Amendment Effective Date, and (b) in the case of the 2021 Incremental Term Loan Advances: as of the 2021 Increased Amount Date, 2.5 basis points, which is the amount by which (x) the all-in Floating Note Rate cost of funds paid by the Lenders as indicated by The Federal Farm Credit Banks Funding Corporation exceeds (y) the Eurodollar Rate (as defined in this Agreement as in effect on the 2021 Increased Amount Date) for an Interest Period of one month, in each case determined as of the date that is two (2) Business Days prior to the 2021 Increased Amount Date.
Sample 1
Closing Date Cost of Funds means two (2) basis points, which is the amount specified by CoBank as representing the amount by which (A) theall-in one (1) month LIBOR Floating Note Rate cost of funds applicable to the Farm Credit Lenders as indicated by the Farm Credit Funding Corporation exceeds (B) the one (1) month Eurodollar rate, in each case as of the Sixth Restatement Effective Date.
Sample 1

Related to Closing Date Cost of Funds

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Closing Date Term Loans as defined in Section 2.1.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Specified Acquisition Agreement Representations means the representations and warranties made by, or with respect to, the Target and its subsidiaries in the Acquisition Agreement that are material to the interests of the Lenders, but only to the extent that the Borrower (or its applicable affiliate) has the right (taking into account applicable cure provisions) to terminate its obligations under the Acquisition Agreement or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of a breach of any such representations and warranties.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Closing Date Statement has the meaning set forth in Section 2.06(b).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Assignment Amount with respect to a Bank Investor shall mean at any time an amount equal to the lesser of (i) such Bank Investor's Pro Rata Share of the Net Investment at such time and (ii) such Bank Investor's unused Commitment.

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.