WSJ Prime Rate Clause Samples

WSJ Prime Rate. The rate per annum determined on the basis of the Prime rate as reported in the “Money Rates” section of The Wall Street Journal or a substitute source reasonably determined by Bank in the event such source is no longer available. The WSJ Prime Rate for each Note will initially be the WSJ Prime Rate as of the date of the Term Note or date of advance of each Tranche of the Acquisition Note, and will be adjusted on an annual basis to the rate then in effect for each Note or Tranche as of each respective anniversary date, or the first Amended and Restated Loan Agreement business day following such date if the anniversary date occurs on a weekend or holiday that there is no such rate determined or published.