Examples of Term Federal Funds Rate in a sentence
The Company shall pay interest on ------------------- the unpaid principal amount of each Loan from the date of such Loan to the date on which such Loan is paid in full at a rate equal to the sum of Term Federal Funds Rate for such Loan plus 0.35% per annum.
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......................................
The relevant Bank shall give the Company telephonic notice, confirmed by facsimile or other written notice, of the Term Federal Funds Rate applicable to the relevant Loan before 12:00 noon (New York City time) on the relevant borrowing date, which determination shall be conclusive, absent manifest error.
The Borrower shall pay interest on the unpaid- principal amount of each Advance during each Interest Period for such Advance, payable quarterly on the last day of each calendar quarter and on the last day of such Interest Period at an interest rate equal to 1.5% per annum above the Term Federal Funds Rate with respect to Advances made by Rabobank and at an interest rate equal to 1.5% per annum.