OBFR definition
OBFR. , means, with respect to any Interest Determination Date, the daily Overnight Bank Funding Rate in respect of the New York Banking Day immediately preceding such Interest Determination Date as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or a successor administrator) on the New York Fed’s Website on or about 5:00 p.m. (New York time) on such Interest Determination Date.
OBFR. , means, with respect to any U.S. Government Securities Business Day, the daily Overnight Bank Funding Rate in respect of the New York Business Day immediately preceding such U.S. Government Securities Business Day as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or a successor administrator) on the Federal Reserve Bank of New York’s website at approximately 5:00 p.m. (New York time) on such U.S. Government Securities Business Day.
OBFR means, with respect to any Business Day, the Overnight Bank Funding Rate on the Federal Reserve Bank of New York’s website as of 4:00 p.m., New York City time.
Examples of OBFR in a sentence
If neither the Administrator nor authorized distributors provide or publish OBFR, then, subject to clause (e) below, in respect of any day for which OBFR is required, references to OBFR will be deemed to be references to the last provided or published OBFR.
The Administrative Agent and its Affiliates or other related entities may engage in transactions that affect the calculation of the Index, Alternate Base Rate, SOFR, any Fed Recommended Rate, OBFR, FOMC Target Rate, any alternative, successor or replacement rate or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
More Definitions of OBFR
OBFR. , means, with respect to any [Interest Determination Date] [Reference Rate Determination Date] [Observation Day] [determine other day], the daily Overnight Bank Funding Rate in respect of the New York Business Day immediately preceding such [Interest Determination Date] [Reference Rate Determination Date] [Observation Day] [determine other day] as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or a successor administrator) on the New York Fed’s Website on or about 5:00 p.m. (New York time) on such [Interest Determination Date] [Reference Rate Determination Date] [Observation Day] [determine other day].
OBFR means the Overnight Bank Funding Rate that appears on the Federal Reserve’s website at 5:00 p.m. (New York time) on an interest payment date for trades made on the related Interest Determination Date;
OBFR means the daily Overnight Bank Funding Rate, as provided by the Federal Reserve Bank of New York as the administrator of such rate (or any successor administrator of such rate) on the Web- site (OBFR) on or about 5:00 p.m. (New York City time) on each New York Business Day in respect of the New York Business Day immediately preceding such day.
OBFR or “Overnight Bank Funding Rate” means, in relation to any New York City Banking Day (the “OBFR Determination Date”), the daily Overnight Bank Funding Rate as published by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator) at or around 5:00 pm (New York City time) on the New York Federal Reserve's Website on the next succeeding New York City Banking Day for such OBFR Determination Date;
OBFR means the Overnight Bank Funding Rate, as provided by the Federal Reserve Bank of New York (or a successor administrator);
OBFR. , means, with respect to any Reset Date, the daily Overnight Bank Funding Rate in respect of the New York City Banking Day immediately preceding such Reset Date as provided by the Federal Reserve Bank of New York, as the administrator of such Rate (or a successor administrator) on the New York Fed’s Website on or about 5:00 p.m. (New York time) on such Reset Date.
OBFR means, with respect to any Interest Determination Date, the daily Overnight Bank Funding Rate in respect of the New York Business Day immediately preceding such Interest Determination Date as provided by