Examples of Average Prime Rate in a sentence
Such rate shall be based upon the Lender’s cost of funds and in any event shall be no greater than the Average Prime Rate published from time to time in the Money Rate Section of The Wall Street Journal plus 5% per annum.
The Weighted Average Prime Rate shall be the sum of the product of the month-end principal-only accounts receivable multiplied by the Prime Rate quoted in The Wall Street Journal on the last Business Day of the month being measured for each month in the measured period divided by the sum of the month-end principal-only accounts receivable for the period being measured.
If chosen, interest will be credited in an amount equal to the Average Balance times the Average Prime Rate.
Each Primary Account and Company Contribution Account of each Participant shall be credited as of each September 30 with an interest allowance which shall be computed and compounded on semi-annual Valuation Dates based upon the Average Prime Rate as follows: This interest allowance shall be applied to the balances standing, as of said date, in each Participant’s accounts for all Class Years.
Any increase under Section 4.1 shall equal the Average Balance times the Average Prime Rate as defined in (a) and (b) below.