Each Prime definition

Each Prime. Loan shall bear interest at an annual rate equal to the sum of 0.000% plus the Bank's Prime Rate. "Prime Rate" shall mean the rate of interest publicly announced by Bank from time to time in Inglewood, California, as its prime rate for lending. The Prime Rate is not intended to be the lowest rate of interest charged by Bank in connection with extensions of credit to borrowers.
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Examples of Each Prime in a sentence

  • Except as otherwise provided in Section 2.9(b), prior to the Maturity Date, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: Each Prime Rate Loan Prime Rate plus the Applicable Margin.

  • Each Prime Rate Loan shall be in an amount at least equal to One Hundred Thousand ($100,000) Dollars and each Eurodollar Loan shall be in an amount at least equal to One Million Five Hundred Thousand ($1,500,000) Dollars.

  • Each Prime Rate Advance or Base Rate Advance shall be in an aggregate minimum amount of $500,000 or US $500,000, respectively and in a whole multiple of $100,000 or US $100,000, respectively.

  • The respective representations and warranties of the Company and WSI contained herein shall expire on the Issuance Date.

  • Each Prime Rate Loan shall be made upon the irrevocable written request of Borrower received by Bank not later than 11:00 a.m. (Santa Clara, California time) on the Business Day one (1) Business day prior to the date such Loan is to be made.

  • Each Prime Contractor shall be responsible for reviewing other prime contractors’ approved submittals for consistency and interface with its work.

  • Each Prime Rate Tranche shall bear interest at a per annum interest rate equal to the Adjusted Prime Rate in effect from time to time plus the Applicable Margin for Prime Rate Tranches in effect from time to time.

  • Each Prime Subcontractor Contract shall also give Contractor the right to inspect and review that Prime Subcontractor’s audited financial statements, payroll records and other relevant information related to its invoices to Contractor.

  • Each Prime Rate Loan shall bear interest at a rate per annum equal to the Prime Rate plus the Applicable Margin.

  • Each Prime Rate Advance (other than an Overdraft Advance) shall be in an aggregate amount of not less than Cdn.$1,000,000.

Related to Each Prime

  • Community practice protocol means a written, executed agreement entered into voluntarily between an authorized pharmacist and a physician establishing drug therapy management for one or more of the pharmacist’s and physician’s patients residing in a community setting. A community practice protocol shall comply with the requirements of subrule 8.34(2).

  • Uniform Standards of Professional Appraisal Practice means the uniform standards promulgated by the appraisal standards board of the appraisal foundation.

  • Scottish basic rate means the rate of income tax of that name calculated in accordance with section 6A of the Income Tax Act 2007;

  • Evidence-based practice means programs or practices that are supported by research methodology and have produced consistently positive patterns of results when replicated within the intent of the published guidance.

  • Positive Behavioral Theory and Practice means a proactive approach to individual behavior and behavior interventions that: