Federal fund definition
Examples of Federal fund in a sentence
In addition to all the other terms and conditions of this AGREEMENT, Contractor agrees to comply with the following Federal Fund provisions in performing the AGREEMENT.
If any of these Federal Fund provisions conflict with any other provisions of this AGREEMENT, the Federal Fund provisions will take precedence unless the other provision is more restrictive, in which case the other provision will control as required under Section 12 above.
For purposes hereof, "Floor Reinvestment" shall mean an investment for the time period from the date of such prepayment to the end of the current Interest Period applicable to the Loan at an interest rate per annum equal to the Federal Fund Rate "offered" as published in the Wall Street Journal on the date of such prepayment.
In giving the opinions set forth above, this counsel may state that it is relying on certificates of the officers of Federal Fund with regard to matters of fact, and certain certifications and written statements of governmental officials with respect to the good standing of Federal Fund.
Fractional Federal Fund Shares shall be carried to the third decimal place.
Each wire transfer of redemption proceeds shall indicate, on the Federal Fund wire system the amount thereof attributable to each Fund; provided, however, that if the number of entries would be too great to be transmitted through the Federal Funds wire system, Distributors shall, on the day the wire is sent, fax such entries to Service Organization or if possible, send via direct or indirect systems access until otherwise directed by Service Organization in writing.
Certificates for Federal Fund Shares shall not be issued, unless specifically requested by the shareholders.
The Secured Party shall pay interest on cash collateral during the time such cash is held at the Overnight Federal Fund rate as published in the Wall Street Journal.
Such liquidation and distribution shall be accomplished by the establishment of accounts on the share records of Federal Fund of the type and in the amounts due such shareholders based on their respective holdings as of the close of business on the Closing Date.
Federal Fund shall issue and deliver a certificate or certificates evidencing the shares of common stock of Federal Fund to be delivered to said transfer agent registered in such manner as the Trust may request, or provide evidence satisfactory to the Trust that such Federal Fund Shares have been registered in an account on the books of Federal Fund in such manner as the Trust may request.