Common use of Prime Rate Clause in Contracts

Prime Rate. The greater of (a) the variable per annum rate of interest designated from time to time by KeyBank as its Prime Rate or (b) one percent (1%) in excess of the Federal Funds Effective Rate. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any kind.

Prime Rate. The greater higher of (ai) the variable per annum rate of interest so designated from time to time by KeyBank the Agent at the Agent’s Head Office as its Prime Rate “prime rate” or (bii) one percent (1%) in excess of the Federal Funds Effective RateRate plus one-half percent (0.5%). The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any kind.

Prime Rate. The greater of (a) the variable per annum annual rate of interest designated announced from time to time by KeyBank Agent at Agent's Head Office as its "Prime Rate Rate" or (b) one-half of one percent (10.5%) in excess of above the Federal Funds Effective Rate. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes Any change in the rate of interest payable hereunder resulting from changes a change in the Prime Rate shall take place immediately become effective as of the opening of business on the day on which such change in the Prime Rate becomes effective, without notice or demand of any kind.

Prime Rate. The greater of (ai) the variable per annum rate of interest so designated from time to time by KeyBank Fleet as its Prime Rate Rate, or (bii) one percent (1%) in excess of the Federal Funds Effective RateRate plus 1/2 of 1% per annum (rounded upwards, if necessary, to the next 1/8 of 1%). The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any kind.

Prime Rate. The greater of (a) the variable per annum rate of interest designated from time to time by KeyBank the Agent as its Prime Rate or (b) one percent (1%) in excess of the Federal Funds Effective Rate. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in In the rate of interest resulting from changes in event that the Agent does not announce a Prime Rate, the Prime Rate shall take place immediately without notice or demand be a per annum rate of any kindinterest equal to the Federal Funds Rate plus one-half of one percent (0.50%).

Prime Rate. The greater of (a) the A variable per annum rate of interest so designated from time to time by KeyBank Lead Agent at Lead Agent's Head Office as its Prime Rate or (b) one percent (1%) in excess of the Federal Funds Effective Rate. "prime rate." The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any kind.