Definition of Term Federal Funds Rate


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.
Sample 1

Examples of Term Federal Funds Rate in a sentence

Inability to Determine Certificate of Deposit Rate, Term Federal Funds Rate or Eurodollar Rate.
If any Reference Bank does not furnish a timely quotation, the Administrative Agent shall determine the relevant Eurodollar Rate, Term Federal Funds Rate or Certificate of Deposit Rate, as the case may be, on the basis of the quotations, if any, furnished by the remaining Reference Banks and, in the event that all Reference Banks fail to so furnish a quotation, on the basis of such other information as the Administrative Agent in its sole discretion shall deem appropriate.
Inability to Determine Certificate of Deposit Rate, Term Federal Funds Rate or Eurodollar Rate 44 SECTION 3.04.
Each change in such daily fluctuating interest rate shall take effect simultaneously with the corresponding change in the Term Federal Funds Rate or the Cost of Funds Rate, as applicable, as determined by the applicable Bank in its sole discretion at 12:00 noon (New York City time).
Each change in such daily fluctuation interest rate shall take effect simultaneously with the corresponding change in the Term Federal Funds Rate, the Cost of Funds Rate or such prime commercial rate, as applicable, as determined by the applicable Bank in its sole discretion at 12:00 noon (New York City time).