Adjusted Prime Rate definition

Adjusted Prime Rate. A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

Adjusted Prime Rate means an interest rate per annum equal to the Prime Rate in effect from time to time plus one percent (1%) per annum.

Adjusted Prime Rate means, for any day, the fluctuating rate per annum of interest equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day plus 1/2%.

Examples of Adjusted Prime Rate in a sentence

• If such notice is given, the Loan shall bear interest at the Adjusted Prime Rate beginning on the first day of the next succeeding Interest Period.

• Notwithstanding any provision of this Agreement to the contrary, in no event shall Borrower have the right to elect to have the Loan bear interest at either the Eurodollar Rate or the Adjusted Prime Rate.

• Upon written demand from Borrower, Lender shall demonstrate in reasonable detail the circumstances giving rise to Lender’s determination and the calculation substantiating the Adjusted Prime Rate and any additional costs incurred by Lender in making the conversion.

• The ratable Advances may be Adjusted Prime Rate Advances, LIBOR Advances or a combination thereof, selected by the Borrower in accordance with Sections 2.9 and 2.10.

• All Swingline Loans shall bear interest at the Adjusted Prime Rate and shall be deemed to be Adjusted Prime Rate Advances.

More Definitions of Adjusted Prime Rate

Adjusted Prime Rate means the interest rate as calculated by the higher of either the prime interest rate set by the City’s bank on December 31st of the previous year plus 300 basis points (3%), or twelve percent (12%) per annum.

Adjusted Prime Rate means a floating interest rate equal to the Prime Rate plus Prime Applicable Margin changing when and as the Prime Rate and Prime Applicable Margin changes.

Adjusted Prime Rate means the Prime Rate minus the Applicable Margin.

Adjusted Prime Rate means, for any day, a rate per annum equal to (i) the Prime Rate for such day plus (ii) Prime Applicable Margin for such day, in each case changing when and as the Prime Rate changes.

Adjusted Prime Rate means, at any time, the sum of the Prime Rate plus the Prime Rate Margin in effect at such time.

Adjusted Prime Rate means, for any day, the fluctuating rate per annum of interest equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day plus 0.50%.

Adjusted Prime Rate means, for any day, the rate equal to (i) the floating rate of interest established from time to time by Fifth Third Bank at its principal office as its “Prime Rate”, whether or not Fifth Third Bank shall at times lend to borrowers at lower rates of interest or, if there is no such Prime Rate, then such other rate as may be substituted by Fifth Third Bank for such Prime Rate plus (ii) 100 basis points.