Prime Rate

Prime Rate. The Prime Rate is the Wall Street Journal Prime Rate of Interest, which is defined as the rate published in the Money Rate Section of the Wall Street Journal as the Prime Rate, with the understanding that the Lender may lend to its customers at rates that are above or below the Prime Rate. If such rate is no longer published, then in such event, Lender may use a similar rate of interest which is publicly announced by a major commercial banking institution located in Minneapolis, Minnesota.

Prime Rate. The rate of interest publicly announced from time to time by the Lender as its "prime rate", which rate may not be the lowest or most favorable rate then being charged commercial borrowers or others by the Lender. Any change in the Prime Rate announced by the Lender shall take effect at the opening of business on the day specified in the public announcement of such change. Notwithstanding the foregoing, if the Prime Rate shall be less than zero, such rate shall be deemed to be zero for the... purposes of this Note and the other Loan Documents View More

Prime Rate. Means the rate of interest last quoted by The Wall Street Journal as the 'Prime Rate' in the United States. or, if The Wall Street Journal ceases to quote such rate, then the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the 'bank prime loan' rate or, if such rate is no longer quoted therein, then any similar rate quoted therein (as determined in good faith by the Holder) or any similar... release by the Federal Reserve Board (as determined in good faith by the Holder). Each and every change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. View More

Prime Rate. The rate per annum published from time to time by The Wall Street Journal as the base rate for corporate loans at large commercial banks (or if more than one such rate is published, the higher or highest of the rates so published).

Prime Rate. The rate publicly announced by the Bank from time to time as its prime rate. The Prime Rate is determined from time to time by the Bank as a means of pricing some loans to its borrowers. The Prime Rate is not tied to any external rate of interest or index and does not necessarily reflect the lowest rate of interest actually charged by the Bank to any particular class or category of customers.

Prime Rate. The U.S. prime rate as reported in the Money Rates section of The Wall Street Journal or, in the absence of such publication, the prime interest rate as published by the U.S. Federal Reserve or publicly posted by one of the 10 largest (by assets in domestic offices) U.S. commercial banks, as reasonably determined by PLC.

Prime Rate. The "prime rate" as quoted in the "Money Rates" section of The Wall Street Journal or the highest "prime rate" if more than one is published. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate of interest actually charged by Payee to any particular class or category of customers. In the event The Wall Street Journal no longer publishes such "prime rate", Payee shall have the right, exercising reasonable judgment, to substitute a new method for... determining a comparable interest rate, and such rate of interest determined by such method shall constitute the Prime Rate hereunder. View More

Prime Rate. Means the prime rate of interest as per the Bank of Canada on the date of this Agreement set forth in the recitals

Prime Rate. Means the rate of interest per annum equal to the prime rate as reported by the Wall Street Journal.

Prime Rate. The so-called 'Prime Rate' as published from time to time in the 'Money Rates' section of The Wall Street Journal (and/or as may be published from time to time online at www.wsj.com/market-data/bonds or on any other sub-page of the 'wsj.com' domain); or, if not so published, and in any event at Lender's option (exercised in its sole but reasonable discretion), by any other commercially available source, institution and/or publication that may from time to time provide quotations of (i) such... rate, (ii) any successor to such rate, and/or (iii) any comparable index or reference rate (in each case of the immediately preceding subclauses (i), (ii) and/or (iii), as determined and selected by Lender in its sole but reasonable discretion and in the exercise of commercial good faith. View More