Applicable Prime Rate definition

Applicable Prime Rate means, for any Applicable Interest Period, the rate per annum, determined by Agent (rounded upwards, if necessary, to the next 1/100th%), equal to the greater of (a) the Applicable Floor and (b) the Base Rate Index.

Applicable Prime Rate. With respect to any Loan, the prime or base rate applicable to such Loan pursuant to the Underlying Instruments for such Loan.

Applicable Prime Rate means with respect to any Loan Asset, the prime or base rate (or any comparable definition) applicable to such Loan Asset pursuant to the Loan Agreement for such Loan Asset.

Examples of Applicable Prime Rate in a sentence

• Interest shall accrue on each Prime Rate Loan at an annual rate equal to the Prime Rate plus the Applicable Prime Rate Margin, said rate to change contemporaneously with any change in the Prime Rate.

• During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on each Quarterly Payment Date and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

• The rate hereunder shall change each day the Prime Lending Rate or the Applicable Prime Rate Margin changes.

• Subject to the provisions and limitations hereof, each Revolver Loan advance hereunder shall accrue interest at: (i) the Applicable Prime Rate plus the Applicable Margin or (ii) the Libor Rate plus the Applicable Margin.

• To this purpose, the DSAs help the ISPs to obligate C3ISP Framework to treat some data in a privacy-preserving fashion.

More Definitions of Applicable Prime Rate

Applicable Prime Rate means, with respect to any Loan, the definition of “Prime Rate” or any comparable definition in the Underlying Instrument for each such Loan.

Applicable Prime Rate means a floating rate per annum equal to the daily average Prime Rate on each day of the applicable calculation period plus the Applicable Prime Rate Spread.

Applicable Prime Rate means the Prime Rate published by The Wall Street Journal (Southwest Edition) in its Money Rates column or a similar rate if such rate ceases to be published. Any change in the Applicable Prime Rate shall be effective as of the date of the change.

Applicable Prime Rate means the Prime Rate (as defined below) as in effect time to time.

Applicable Prime Rate means, (i) with respect to any Loan, the prime or base rate applicable to such Loan pursuant to the related Loan Agreement; and (ii) with respect to any Advance, the rate publicly announced by the Facility Agent from time to time as its prime rate in the United States, such rate to change hereunder as and when the Facility Agent changes such designated rate. The Applicable Prime Rate is not intended to be the lowest rate of interest charged by the Facility Agent or any other specified financial institution in connection with extensions of credit to debtors.

Applicable Prime Rate means the annual rate of interest announced by Chase Manhattan Bank (National Association) New York, New York ("Chase") from time to time as its prime or base rate, which shall be the rate used by Chase as a base or standard for pricing purposes and which shall not necessarily be its "best" or lowest rate. Should Chase cease to announce a prime or base rate, or should it be merged, consolidated, liquidated or dissolved in such a manner that it loses its separate corporate or banking identity, then the Applicable Prime Rate shall be the Prime Rate published by the Wall Street Journal in its "Money Rates" column, or a similar rate if such rate ceases to be published. Any change in the Applicable Prime Rate shall be effective as of the date of the change.

Applicable Prime Rate means the Prime Rate plus the Prime Rate Spread.