Common use of Federal Funds Effective Rate Clause in Contracts

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 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 8 contracts

Samples: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)

AutoNDA by SimpleDocs

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 published, 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 2 contracts

Samples: Term Loan Agreement (Ps Business Parks Inc/Ca), Revolving Credit Agreement (Price Legacy Corp)

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 (3) Federal 3 federal funds brokers of recognized standing selected by the Administrative Agent.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mac-Gray Corp), Credit and Term Loan Agreement (Mac-Gray Corp)

Federal Funds Effective Rate. For any dayperiod, the a fluctuating interest rate per annum equal for each day during such period 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, 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 or for any day on which such rate is not so published for such day by the Federal Reserve Bank of New York, the average of the quotations for such day on for such transactions received by the Agent from three (3) Federal federal funds brokers of recognized standing selected by the Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (TRC Companies Inc /De/)

AutoNDA by SimpleDocs

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 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. FIXED CHARGES. Debt Service plus the amount of any preferred dividends.

Appears in 1 contract

Samples: Master Credit Agreement (Entertainment Properties Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.