Common use of Determination of Prime Rate Clause in Contracts

Determination of Prime Rate. If the Base Rate set forth on the face hereof is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Prime Rate and the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth on the face hereof, the "Prime Rate" means, with respect to any Interest Determination Date pertaining thereto, the prime rate or base lending rate on such date as published in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is not yet published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, the Prime Rate will be the rate on such Interest Determination Date as published in H.15 Daily Update, or such other recognized source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." If the rate is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the Calculation Date, then the Calculation Agent will determine the Prime Rate to be the average of the rates of interest publicly announced by each bank named on the Reuters Monitor Money Rates Service screen designated as "USPRIME1" ("Reuters screen USPRIME1", such term to include such other page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks) as that bank's prime rate or base lending rate as in effect for such Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for such Interest Determination Date, the Prime Rate shall be the average of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) as of the close of business on such Interest Determination Date by three major money center banks in New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent are not quoting as mentioned above, the Prime Rate will remain the Prime Rate then in effect on the Interest Determination Date.

Determination of Prime Rate. If the Base Rate set forth on the face hereof is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Prime Rate and the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth on the face hereof, the "Prime Rate" means, with respect to any Interest Determination Date pertaining thereto, the prime rate or base lending rate on such date as published in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is not yet published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, the Prime Rate will be the rate on such Interest Determination Date as published in H.15 Daily Update, or such other recognized source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." ". If the rate is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the Calculation Date, then the Calculation Agent will determine the Prime Rate to be the average of the rates of interest publicly announced by each bank named on the Reuters Monitor Money Rates Service screen designated as "USPRIME1" ("Reuters screen USPRIME1", such term to include such other page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks) as that bank's prime rate or base lending rate as in effect for such Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for such Interest Determination Date, the Prime Rate shall be the average of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) as of the close of business on such Interest Determination Date by three major money center banks in New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent are not quoting as mentioned above, the Prime Rate will remain the Prime Rate then in effect on the Interest Determination Date.

Determination of Prime Rate. If the Base an Interest Rate set forth on the face hereof Basis for this Senior Note is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Prime Rate and the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth as indicated on the face hereof, the "Prime Rate" means, with respect to any Rate shall be determined as of the applicable Interest Determination Date pertaining thereto, (a "Prime Rate Interest Determination Date") as the prime rate or base lending rate on such date as such rate is published in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is or, if not yet published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Interest Determination Date, the Prime Rate will be the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." If the such rate is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the related Calculation Date, then the Calculation Agent will determine the Prime Rate to shall be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the Reuters Screen US PRIME 1 Page (as hereinafter defined) as such bank's prime rate or base lending rate as of 11:00 A.M., New York City time, on such Prime Rate Interest Determination Date. If fewer than four such rates so appear on the Reuters Screen US PRIME 1 Page for such Prime Rate Interest Determination Date, then the Prime Rate shall be the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date by three major banks in The City of New York selected by the Calculation Agent; provided, however, that if the banks or trust companies so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Prime Rate determined as of such Prime Rate Interest Determination Date will be the Prime Rate in effect on such Prime Rate Interest Determination Date. "Reuters Screen US PRIME 1 Page" means the display on the Reuter Monitor Money Rates Service screen designated as (or any successor service) on the "USPRIME1US PRIME 1" page ("Reuters screen USPRIME1", such term to include or such other page as may replace the USPRIME1 US PRIME 1 page on that service such service) for the purpose of displaying prime rates or base lending rates of major United States banks) as that bank's prime rate or base lending rate as in effect for such Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for such Interest Determination Date, the Prime Rate shall be the average of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) as of the close of business on such Interest Determination Date by three major money center banks in New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent are not quoting as mentioned above, the Prime Rate will remain the Prime Rate then in effect on the Interest Determination Date.

Determination of Prime Rate. If the Base Interest Rate set forth on the face hereof Basis is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated payable with reference respect to this Note shall equal the Prime Rate and determined as specified herein, plus or minus the Spread and/or Spread, if any, or multiplied by the Spread Multiplier, if any, and subject . The Prime Rate shall equal the rate as of the Business Day prior to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth on the face hereof, the Reset Date (a "Prime Rate" means, with respect to any Rate Interest Determination Date pertaining thereto, the prime rate or base lending rate on such date as published Date") that appears in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption heading "Bank Prime Loan" (or any other replacement heading on that is the then applicable heading established to describe such Index Maturity)service. If such rate is not yet published by 3:00 P.M.p.m., New York City time, on the Calculation Date pertaining to such Prime Rate Interest Determination Date, then the Prime Rate will be the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized source used for the purpose of displaying such rate, Update under the caption heading "Bank Prime Loan." or any replacement heading on that service. If the rate is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M.p.m., New York City time, on the such Calculation DateDate such rate is not published in either H.15(519) or H.15 Daily Update or such other recognized electronic source, then the Calculation Agent will determine the Prime Rate to will be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the display designated as page "US PRIME 1" on the Reuters Monitor Money Rates Service screen designated as "USPRIME1" ("Reuters screen USPRIME1"Service, such term to include or such other page as may replace the USPRIME1 US PRIME 1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks) banks ("Reuters Screen US PRIME 1 Page"), as that such bank's prime rate or base lending rate as in effect for of 11:00 a.m., New York City time, on such Prime Rate Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for Screen US PRIME 1 Page on such Prime Rate Interest Determination Date, the Calculation Agent shall calculate the Prime Rate for such Prime Rate Interest Determination Date. Such rate shall be the average arithmetic mean of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) , as of the close of business on such Prime Rate Interest Determination Date by three major money center banks in The City of New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent after consultation with Financement-Québec (and which may be affiliates of the Agents). However, if the selected banks are not quoting as mentioned abovequoting, the Prime Rate will remain for such Prime Rate Interest Determination Date shall be the Prime Rate then in effect on the such Prime Rate Interest Determination Date.

Determination of Prime Rate. If the Base Interest Rate set forth on the face hereof Basis is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated payable with reference respect to this Global Note shall equal the Prime Rate and determined as specified herein, plus or minus the Spread and/or Spread, if any, or multiplied by the Spread Multiplier, if any, and subject . The Prime Rate shall equal the rate as of the Business Day prior to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth on the face hereof, the Reset Date (a "Prime Rate" means, with respect to any Rate Interest Determination Date pertaining thereto, the prime rate or base lending rate on such date as published Date") that appears in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption heading "Bank Prime Loan" (or any other replacement heading on that is the then applicable heading established to describe such Index Maturity)service. If such rate is not yet published by 3:00 P.M.p.m., New York City time, on the Calculation Date pertaining to such Prime Rate Interest Determination Date, then the Prime Rate will be the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized source used for the purpose of displaying such rate, Update under the caption heading "Bank Prime Loan." or any replacement heading on that service. If the rate is not published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M.p.m., New York City time, on the such Calculation DateDate such rate is not published in either H.15(519) or H.15 Daily Update or such other recognized electronic source, then the Calculation Agent will determine the Prime Rate to will be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the display designated as page "US PRIME 1" on the Reuters Monitor Money Rates Service screen designated as "USPRIME1" ("Reuters screen USPRIME1"Service, such term to include or such other page as may replace the USPRIME1 US PRIME 1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks) banks ("Reuters Screen US PRIME 1 Page"), as that such bank's prime rate or base lending rate as in effect for of 11:00 a.m., New York City time, on such Prime Rate Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for Screen US PRIME 1 Page on such Prime Rate Interest Determination Date, the Calculation Agent shall calculate the Prime Rate for such Prime Rate Interest Determination Date. Such rate shall be the average arithmetic mean of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) , as of the close of business on such Prime Rate Interest Determination Date by three major money center banks in The City of New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent after consultation with Financement-Québec (and which may be affiliates of the Agents). However, if the selected banks are not quoting as mentioned abovequoting, the Prime Rate will remain for such Prime Rate Interest Determination Date shall be the Prime Rate then in effect on the such Prime Rate Interest Determination Date.

Determination of Prime Rate. If the Base an Interest Rate set forth on the face hereof Basis for this Subordinated Note is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Prime Rate and the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth as indicated on the face hereof, the "Prime Rate" means, with respect to any Rate shall be determined as of the applicable Interest Determination Date pertaining thereto, (a "Prime Rate Interest Determination Date") as the prime rate or base lending rate on such date as such rate is published in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is or, if not yet published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Interest Determination Date, the Prime Rate will be the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." If the such rate is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the related Calculation Date, then the Calculation Agent will determine the Prime Rate to shall be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the Reuters Screen US PRIME 1 Page (as hereinafter defined) as such bank's prime rate or base lending rate as of 11:00 A.M., New York City time, on such Prime Rate Interest Determination Date. If fewer than four such rates so appear on the Reuters Screen US PRIME 1 Page for such Prime Rate Interest Determination Date, then the Prime Rate shall be the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date by three major banks in The City of New York selected by the Calculation Agent; provided, however, that if the banks or trust companies so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Prime Rate determined as of such Prime Rate Interest Determination Date will be the Prime Rate in effect on such Prime Rate Interest Determination Date. "Reuters Screen US PRIME 1 Page" means the display on the Reuter Monitor Money Rates Service screen designated as (or any successor service) on the "USPRIME1US PRIME 1" page ("Reuters screen USPRIME1", such term to include or such other page as may replace the USPRIME1 US PRIME 1 page on that service such service) for the purpose of displaying prime rates or base lending rates of major United States banks) as that bank's prime rate or base lending rate as in effect for such Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 for such Interest Determination Date, the Prime Rate shall be the average of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by 360) as of the close of business on such Interest Determination Date by three major money center banks in New York City selected by the Calculation Agent. If the banks selected by the Calculation Agent are not quoting as mentioned above, the Prime Rate will remain the Prime Rate then in effect on the Interest Determination Date.

Determination of Prime Rate. If the Base an Interest Rate set forth on the face hereof Basis for this Note is the Prime Rate, this Security will bear interest for each Interest Reset Period at as indicated on the interest rate calculated with reference to face hereof or in the Pricing Supplement, the Prime Rate and shall be determined as of the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth on the face hereof, the "Prime Rate" means, with respect to any applicable Interest Determination Date pertaining thereto, (a “Prime Rate Interest Determination Date”) as the prime rate or base lending rate on such date as such rate is published in H.15(519) by under the heading “Bank Prime Loan”. If such rate is not published prior to 3:00 P.M.p.m., New York City time, on the related Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is not yet published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, the Prime Rate will shall be the rate on such Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption "heading “Bank Prime Loan." ”. If the such rate is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M.p.m., New York City time, on the related Calculation Date, then the Calculation Agent will determine the Prime Rate to shall be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the Reuters Monitor Money Rates Service screen designated Screen USPRIME 1 Page (as "USPRIME1" ("Reuters screen USPRIME1", such term to include such other page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banksdefined below) as that such bank's ’s prime rate or base lending rate as in effect for of 11:00 A.M., New York City time, on such Prime Rate Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen USPRIME1 Screen USPRIME 1 Page for such Prime Rate Interest Determination Date, the Prime Rate shall be the average arithmetic mean of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by a 360) -day year as of the close of business on such Prime Rate Interest Determination Date by three major money center banks (which may include affiliates of the Dealers) in The City of New York City selected by the Calculation Agent. If ; provided, however, that if the banks selected by the Calculation Agent as aforesaid are not quoting as mentioned abovein this sentence, the Prime Rate will remain determined as of such Prime Rate Interest Determination Date shall be the Prime Rate then in effect on the such Prime Rate Interest Determination Date.

Determination of Prime Rate. If the Base an Interest Rate set forth on the face hereof Basis for this Note is the Prime Rate, this Security will bear interest for each Interest Reset Period at the interest rate calculated with reference to the Prime Rate and the Spread and/or Spread Multiplier, if any, and subject to the Minimum Interest Rate and the Maximum Interest Rate, if any, set forth on the face hereof. Unless otherwise set forth as indicated on the face hereof, the "Prime Rate" means, with respect to any Rate shall be determined as of the applicable Interest Determination Date pertaining thereto(a "Prime Rate Interest Determination Date"), as the prime rate or base lending rate on such date as such rate is published in H.15(519) by 3:00 P.M., New York City time, on the Calculation Date for that Interest Determination Date, under the caption "Bank Prime Loan" (or any other heading that is the then applicable heading established to describe such Index Maturity). If such rate is or, if not yet published by 3:00 P.M., New York City time, on the related Calculation Date pertaining to such Interest Determination Date, the Prime Rate will be the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." If the such rate is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the related Calculation Date, then the Calculation Agent will determine the Prime Rate to shall be the average arithmetic mean of the rates of interest publicly announced by each bank named that appears on the Reuters Monitor Money Rates Service screen designated Screen USPRIME1 Page (as "USPRIME1" ("Reuters screen USPRIME1", such term to include such other page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States bankshereinafter defined) as that such bank's prime rate or base lending rate as in effect for such Prime Rate Interest Determination Date. If at least one rate but fewer than four such rates appear on the Reuters screen Screen USPRIME1 Page for such Prime Rate Interest Determination Date, then the Prime Rate shall be the average arithmetic mean of the prime rates or base lending rates quoted (on the basis of the actual number of days in the year divided by a 360) -day year as of the close of business on such Prime Rate Interest Determination Date by three four major money center banks (which may include affiliates of the Agents) in The City of New York City selected by the Calculation Agent. If fewer than four such quotations are so provided, then the Prime Rate shall be the arithmetic mean of four prime rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date as furnished in The City of New York by the major money center banks, if any, that have provided such quotations and by a reasonable number of substitute banks or trust companies (which may include affiliates of the Agents) to obtain four such prime rate quotations, provided such substitute banks or trust companies are organized and doing business under the laws of the United States, or any State thereof, each having total equity capital of at least $500 million and being subject to supervision or examination by Federal or State authority, selected by the Calculation Agent to provide such rate or rates; provided, however, that if the banks or trust companies so selected by the Calculation Agent are not quoting as mentioned abovein this sentence, the Prime Rate determined as of such Prime Rate Interest Determination Date will remain be the Prime Rate then in effect on the such Prime Rate Interest Determination Date.