WFB Prime Rate

Example Definitions of "WFB Prime Rate"
WFB Prime Rate. The rate of interest most recently announced within Payee at its principal office in San Francisco as its prime rate and is a base rate for calculating interest on certain loans. The rate announced by Payee as its prime rate may or may not be the most favorable rate charged by Payee to its customers. Each change in the WFB Prime Rate shall become effective without prior notice to Maker automatically as of the opening of business on the date such change is announced within Payee.
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