Money Market Rate
Money Market Rate. Means if offered, a rate of interest per year as offered by Chase from time to time on any single commercial borrowing for a period of up to ninety (90) days. The Money Market Rate of interest available for any subsequent borrowings may differ since Money Market Rates may fluctuate on a daily basis.
Found in
Guideline, Inc. contract
Money Market Rate. Means the rate of interest paid on the Merrill Lynch Ready Assets Trust as reported in the Wall Street Journal, or if the Wall Street Journal ceases to report such rate, a comparable rate of interest.
Money Market Rate. With respect to any Money Market Loan, such rate per annum as the Bank may offer, and the Borrower shall accept, with respect to such Money Market Loan.
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Found in
Visteon contract