Federal Funds Effective Rate. For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent.
Appears in 14 contracts
Samples: Term Loan Agreement (Ramco Gershenson Properties Trust), Term Loan Agreement (Ramco Gershenson Properties Trust), Revolving Credit Agreement (Wellsford Real Properties Inc)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three (3) Federal funds brokers of recognized standing selected by the Agent.
Appears in 3 contracts
Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent.
Appears in 3 contracts
Samples: Credit Agreement (Microfinancial Inc), Revolving Credit Agreement (Microfinancial Inc), Revolving Credit Agreement (Microfinancial Inc)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal federal funds brokers of recognized standing selected by the Agent.
Appears in 2 contracts
Samples: Credit Agreement (Brookstone Inc), Credit Agreement (Brookstone Inc)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent Bank from three Federal funds brokers of recognized standing selected by the AgentBank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Object Design Inc), Credit and Security Agreement (Dewolfe Companies Inc)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal 3 federal funds brokers of recognized standing selected by the Agent.
Appears in 2 contracts
Samples: Pledge Agreement (United States Leather Inc /Wi/), Revolving Credit Agreement (United States Leather Inc /Wi/)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent Lender from three Federal funds brokers of recognized standing selected by the AgentLender.
Appears in 2 contracts
Samples: Credit Agreement (Mexican Restaurants Inc), Credit Agreement (Aspen Technology Inc /De/)
Federal Funds Effective Rate. For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three (3) Federal funds brokers of recognized standing selected by the Agent.
Appears in 1 contract
Samples: Master Credit Agreement (Wellsford Real Properties Inc)
Federal Funds Effective Rate. For for any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that which is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agentit.
Appears in 1 contract
Federal Funds Effective Rate. For for any day, the rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, if such day is not a Business Day, for on the next preceding succeeding Business Day) Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that which is a Business Day, the average of the quotations for such the day on of such transactions received by the Agent from three Federal federal funds brokers of recognized standing selected by the Agent.
Appears in 1 contract
Federal Funds Effective Rate. For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three (3) Federal funds brokers of recognized standing selected by the Agent. Fitch. Fitch, Inc. doing business as Fitch Ratings.
Appears in 1 contract
Federal Funds Effective Rate. For any day, the rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, or if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (Alliance Capital Management Lp)
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank Lender of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent Lender from three Federal funds brokers of recognized standing selected by the AgentLender.
Appears in 1 contract
Federal Funds Effective Rate. For any day, the a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal federal funds transactions with members of the Federal Reserve System arranged by Federal federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal federal funds brokers of recognized standing selected by the Administrative Agent.
Appears in 1 contract
