Bank Prime Rate definition

Bank Prime Rate means the prime lending rate as it appears in the Wall Street Journal during the period of delinquency.

Bank Prime Rate means the annual rate of interest the Bank announces from time to time as a reference rate for determining interest rates on any Belize dollar loans;

Bank Prime Rate means the fluctuating per annum rate of interest equal to the “Prime Rate” announced daily by the New York Branch of HSH Nordbank AG, each change in such prime or base lending rate to become effective on the date such change is announced. The Administrative Agent’s determination and designation from time to time of the prime rate shall not in any way preclude any of the Lenders from making loans to other borrowers at rates that are higher or lower than or different from the referenced rate.

Examples of Bank Prime Rate in a sentence

• The loan bears interest at the Royal Bank Prime Rate plus 400 basis points.

• The rate shall be at the average Chartered Bank Prime Rate as published on the Bank of Canada Web site, less 2%.

• The rate of interest payable on any overdraft in an Account will be Royal Bank Prime Rate plus 5% for Canadian dollar Accounts, and US Base Rate plus 5% per annum for US dollar Accounts, or the rate otherwise agreed to in writing by Royal Bank and the Customer.

• The loan was to bear interest at the Royal Bank Prime Rate plus 400 basis points.

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More Definitions of Bank Prime Rate

Bank Prime Rate means that variable rate of interest per annum designated by JPMorgan Chase Bank, N.A. from time to time, as being its prime rate of interest, with a change in the Bank Prime Rate to take effect simultaneously and automatically, without further notice, upon the Bank’s determination and designation from time to time of such prime rate. It is understood that such designated prime rate is merely a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. The Bank’s determination and designation from time to time of its prime rate shall not in any way preclude the Bank from making loans to other borrowers at rates that are higher or lower than or different from the referenced rate.

Bank Prime Rate means, for any period, a fluctuating interest rate per annum equal to the rate of interest publicly announced by the Agent as its prime rate in effect from time to time (which rate may not be the lowest rate of interest charged by the Agent to commercial borrowers).

Bank Prime Rate means the prime business rate published by the Bank of Canada;

Bank Prime Rate means the minimum rate at which the Bank of Canada extends short-term advances to members of the Canadian Payments Association.

Bank Prime Rate means the prime lending rate as it appears in the Wall

Bank Prime Rate means the prime lending rate from U.S. Banks as it appears in the Wall Street Journal during the Period of Delinquency. LFA’s acceptance of payment shall not be construed as an agreement that the amount paid was correct, nor shall acceptance be construed as a release of any claim, which LFA may have for additional sums payable under provisions of this Article 7.

Bank Prime Rate means that rate of interest announced by Bank from time to time as its “Prime Rate”. Bank lends at rates above and below Bank Prime Rate, which is but one of several rate basis used by Bank.