Definition of Term Federal Funds Rate

  1. Term Federal Funds Rate means, for any Interest Period for each Base Rate Advance that is part of the same Borrowing, the rate per annum at which UBOC is offered federal funds in the term federal funds market as of 10:00 a.m., Los Angeles time, on the first day of such Interest Period, in an amount comparable to the amount of UBOC's Base Rate Advance for such Interest Period and for a term coinciding with such Interest Period.

Examples of Term Federal Funds Rate in a sentence

  1. Inability to Determine Certificate of Deposit Rate, Term Federal Funds Rate or Eurodollar Rate.

Definition of Term Federal Funds Rate in Revolving Credit Agreement

Term Federal Funds Rate means, for any Interest Period for each Base Rate Advance that is part of the same Borrowing, the rate per annum at which UBOC is offered federal funds in the term federal funds market as of 10:00 a.m., Los Angeles time, on the first day of such Interest Period, in an amount comparable to the amount of UBOC's Base Rate Advance for such Interest Period and for a term coinciding with such Interest Period.