Prime Rate

Example Definitions of "Prime Rate"
Prime Rate. Bank's most recently announced "Prime Rate," even if it is not Bank's lowest rate, except that at no time under this Agreement shall the Prime Rate be less than four and one-quarter percent (4.25%).
Found in NAVISITE LLC contract
Prime Rate. An annual rate of interest equal to the prime rate published in The Wall Street Journal on the first day of each calendar quarter. In the event the prime rate is no longer published in The Wall Street Journal (or in any substitute source as provided for herein), the Compensation Committee shall select another published standard by which to determine the prime rate then quoted by the principal banks in the United States and the Committee's determination in good faith of such rate shall be... conclusive and binding on the Company and all Participants View More
Found in WAUSAU PAPER CORP. contract
Prime Rate. For any day, the rate of interest announced from time to time by Lender as its base or prime rate of interest, which Borrower hereby acknowledges and agrees may not be the lowest interest rate charged by Lender and is set by Lender in its sole discretion, changing when and as said prime rate changes.
Found in CNL Growth Properties, Inc. contract
Prime Rate. Means the rate of interest in effect for such day as publicly announced from time to time by the Bank as its "prime rate." The "prime rate" is set by the Bank based upon various factors including the Bank's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. The Bank may price loans and loan to its customers at, above, or below the "prime rate." Any change in the "prime rate" shall take effect at the opening of... business on the day specified in the public announcement of a change in the Bank's "prime rate." View More
Found in SOLARCITY CORP contract
Prime Rate. The rate of interest announced from time to time by Bank of America, N.A. as its prime rate. In the event the prime rate of Bank of America, N.A. is hereafter discontinued or becomes unascertainable, the Administrative Venturer shall designate a comparable reference rate to be the Prime Rate.
Found in WELLS REAL ESTATE FUND XIII L P contract
Prime Rate. Means the rate per annum from time to time announced by Citizens Bank as its Prime Rate, it being understood that such rate is a reference rate, not necessarily the lowest, established from time to time which serves as the basis upon which effective interest rates are calculated for loans making reference thereto.
Found in COGENTIX MEDICAL INC contract
Prime Rate. Bank's most recently announced
Found in CALLIDUS SOFTWARE INC contract
Prime Rate. The fluctuating rate per annum which is publicly announced from time to time by Bank as being its so-called "prime rate" or "base rate" thereafter in effect, with each change in the Prime Rate automatically, immediately, and without notice changing the Prime Rate thereafter applicable hereunder, it being acknowledged that the Prime Rate is not necessarily the lowest rate of interest then available from Bank on fluctuating-rate loans
Found in SAFE AUTO INSURANCE GROUP, INC. contract
Prime Rate. The "prime rate" of the Bank as announced at its offices in Cleveland, Ohio.
Found in AROTECH CORP contract
Prime Rate. The "Prime Rate" means, for any day, the rate identified by the Holder as its prime rate for such day.
Found in AMERICAN BIO MEDICA CORP contract
All Definitions