Common use of PRIME RATE OF INTEREST Clause in Contracts

PRIME RATE OF INTEREST. Prime Rate of Interest" means that rate of interest designated as such by Citibank, N.A., or any successor thereto, as the same may from time to time fluctuate.

Appears in 5 contracts

Samples: Loan and Security Agreement (Ensign Group, Inc), Loan and Security Agreement (Drkoop Com Inc), Loan and Security Agreement (Celeris Corp)

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PRIME RATE OF INTEREST. β€œPrime Rate of Interest" ” means that rate of interest designated as such by Citibank, N.A., or any successor thereto, as the same may from time to time fluctuate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Southland Health Services, Inc.), Revolving Loan and Security Agreement (Sunlink Health Systems Inc)

PRIME RATE OF INTEREST. Prime Rate of Interest" means that rate of interest designated as such publicly announced by CitibankShawmut Bank, N.A., or any successor thereto, as the same may from time to time fluctuate.

Appears in 1 contract

Samples: Loan and Security Agreement, Stock Purchase Plan, Promissory Note, Credit Note, Guaranty, Asset Purchase Agreement (PHC Inc /Ma/)

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PRIME RATE OF INTEREST. Prime Rate of Interest" means that rate of interest designated as such by Citibank, N.A., or any successor thereto, as the same may from time to time fluctuate.

Appears in 1 contract

Samples: Loan and Security Agreement (Odyssey Healthcare Inc)

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