PRIME INTEREST RATE

PRIME INTEREST RATE. The prime rate of interest announced or published by The Wall Street Journal from time to time, it being understood that if The Wall Street Journal should at any time announce or publish more than one such prime rate of interest, the highest such announced or published prime rate of interest shall be used as the Prime Interest Rate during the period for which it is the highest such announced or published prime rate of interest. In the ... event of a change in the interest rate caused by a change in the Prime Interest Rate, the interest rate applicable to the principal balance of this Note shall be adjusted effective at the opening of business on the day on which such change becomes effective. View More