Funding Rate definition

Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

Funding Rate means for any Payment Period the rate per cent per annum which is the aggregate of the Base Rate for that Payment Period and the Margin;

Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to Section 2.06(f).

Examples of Funding Rate in a sentence

• If no such rate has been recommended within one U.S. Government Securities Business Day of the SOFR Index Cessation Event, then the Funding Corporation shall use the Overnight Bank Funding Rate appearing at 3:00 p.m. (New York City time) on the FRBNY’s website (“OBFR”) for any Reset Date after the SOFR Index Cessation Date (it being understood that the OBFR for any such Reset Date will be for transactions made on the related Determination Date).

• If no such rate has been recommended within one U.S. Government Securities Business Day of the SOFR Index Cessation Event, then the Calculation Agent shall use the Overnight Bank Funding Rate published on the Federal Reserve’s Website for any Reset Date after the SOFR Index Cessation Date (it being understood that the Overnight Bank Funding Rate for any such Reset Date will be for trades made on the related Determination Date).

• Interest is calculated at a daily fluctuating rate per annum equal to the sum of 0.10% plus the higher of the Federal Funds Effective Rate and the Overnight Bank Funding Rate, plus 1.25%.

• Requested Cost = Project Cost x Funding Rate (as in call announcement).

• Interest is charged to each fund, based on its borrowings, generally at a rate equal to the highest of one month LIBOR, the Federal Funds Effective Rate and the Overnight Bank Funding Rate, plus an agreed upon spread.

More Definitions of Funding Rate

Funding Rate means any individual rate notified by a Lender to the Administrative Agent pursuant to the definition of Cost of Funds.

Funding Rate means any rate notified by a Lender to the Facility Agent pursuant to Clause 13 (Market Disruption).

Funding Rate means, with respect to any Fixed Period and any Funding Tranche, (a) to the extent the Conduit Investor is funding such Funding Tranche during such Fixed Period through the issuance of Commercial Paper, the CP Rate, and (b) to the extent any Investor is not funding such Funding Tranche through the issuance of Commercial Paper, a rate per annum (expressed as a percentage and an interest yield equivalent and calculated on the basis of a 360-day year and the actual days elapsed) equal to the Alternate Rate.

Funding Rate means any rate notified to the Agent by a Lender pursuant to Clause 5.9;

Funding Rate means any individual rate notified by a Lender to the Agent pursuant to paragraph (a)(ii) of Clause 12.4 (Cost of funds).

Funding Rate means any individual rate notified by a Lender to the Agent pursuant to paragraph (a)(ii) of Clause 12.2 (Market disruption).

Funding Rate means any rate notified by the Lender to the Borrower pursuant to paragraph (a)(ii)of Clause 10.2 (Cost of funds).