Examples of SIFMA Index Rate in a sentence
Pursuant to Section 3.3 hereof, the Lender shall determine the initial SIFMA Index Rate for each Advance two New York Banking Days prior to the related Advance Date.
Any change in the Taxable Floating Rate, Tax-Exempt Floating Rate, SIFMA Index Rate or the Default Rate resulting from a change in the LIBOR Rate, the Federal Funds Rate, the Prime Rate or the SIFMA Index Rate shall become effective as of the opening of business on the day on which such change in the LIBOR Rate, the Federal Funds Rate, the Prime Rate or the SIFMA Index Rate shall become effective.
If any of the Taxable Floating Rate, Tax-Exempt Floating Rate or SIFMA Index Rate becomes equal to the Default Rate pursuant to their definitions hereunder, the Agency shall also pay all amounts due hereunder due to such change in the interest rate.
The Bank shall promptly notify the Agency of the Taxable Floating Rate, Tax-Exempt Floating Rate and SIFMA Index Rate promptly following each Loan Date; provided, however, that the failure by the Bank to provide notice of the Taxable Floating Rate, Tax-Exempt Floating Rate and SIFMA Index Rate shall not relieve the Agency of its obligations arising under or related to this Agreement, the Notes or the other Loan Documents.
Interest on the Bonds shall be computed on the basis of a 365- or 366-day, as applicable, for the actual number of days elapsed so long as interest is payable at the SIFMA Index Rate, Daily Interest Rate or Weekly Interest Rate.