New York Prime Rate means that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by the American bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers. For the purpose of determining unpaid Rent under clause (b), the Rent reserved in the Lease will be deemed to be the sum of the following: (i) the Base Rent computed pursuant to Section 2.01; (ii) the Additional Rent computed pursuant to Section 2.02; and (iii) the Other Additional Rent computed pursuant to Section 2.02.01. Such computation of Other Additional Rent shall be based on the Other Additional Rent paid for the Lease Year preceding the date of termination, increased by 4% per year thereafter. Following payments by Tenant of the foregoing amounts, Landlord shall deliver and pay over to Tenant all rent, income, and other proceeds of any nature realized from the sale, lease or other disposition or utilization of the Leased Premises, if any, actually received by Landlord, up to the amounts so paid by Tenant less Landlord's reasonably incurred costs and expenses of maintaining and re-leasing or selling the Leased Premises.
New York Prime Rate means that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by the American bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers. For the purpose of determining unpaid Rent under clause (b), the Rent reserved in the Lease will be deemed to be the sum of the following: (i) the Base Rent computed pursuant to Section 2.01;
New York Prime Rate means the annual lending rate of interest announced from time to time by the Chase Manhattan Bank, N.A., New York, New York, as its prime rate; if a prime rate is not announced by Chase Manhattan Bank, N.A., then the Loans shall bear interest at the annual lending rate of interest announced from time to time by Lender less one percent (1%) as its prime rate. Borrower acknowledges that Lender makes no warranty or representation that either of the prime rates charged by Chase Manhattan Bank, N.A. or Lender is more favorable than another rate or index, or that rates on other loans or credit facilities may not be based on other indices, or that rates on loans to other may not be made below such prime rate. Installments of principal and interest under each Loan shall be payable quarterly and amortized under a ten (10) year period, and have a term specified by Lender which shall not exceed seven (7) years from the date of such Loan.
Examples of New York Prime Rate in a sentence
Tenant shall reimburse Landlord on demand, as Additional Rent, for any expenditures thus incurred by Landlord and shall pay interest thereon at the New York Prime Rate.
Tenant shall reimburse Landlord on demand, as Other Additional Rent, for any expenditures thus incurred by Landlord and shall pay interest thereon at the New York Prime Rate (as herein defined).
The financial assistance which the University provides will be in the form of a loan repayable in four years after the leave has been completed; the interest rate shall be one percent above the prevailing New York Prime Rate per annum, as published in the Wall Street Journal, provided however that the interest rate shall never exceed the legal rate of interest for the State of Arkansas; a legally binding note shall be properly executed.
For purposes of this Agreement, "New York Prime Rate" shall mean that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by the American bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers.
Should said publication publish two (2) or more rates, then the New York Prime Rate shall be the higher of the rates published.
More Definitions of New York Prime Rate
New York Prime Rate means the annual lending rate of interest announced from time to time by JP Morgan Chase & Co., New York, New York, as its prime rate.
New York Prime Rate means that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by the American bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers. The worth at the time of award of the amount referred to in clause (C) is computed by discounting such amount at the discount rate of the Federal Reserve Bank of New York at the time of award. For the purpose of determining unpaid Rent under clause (C), the Rent reserved in the Lease will be deemed to be the sum of the following: [i] the Base Rent computed pursuant to Section 2.01; [ii] the Additional Rent pursuant to Section 2.02 based upon the amount of such Additional Rent for the month preceding the date of termination; and [iii] the Percentage Rent pursuant to Section 2.06 based upon the amount of the annualized Gross Revenues for the then Lease Year increased by three percent (3%) per annum, to the date on which the Lease would have
New York Prime Rate means the floating annual lending rate of interest announced from time to time by the Chase Manhattan Bank, N.A., New York, New York, as its prime rate; if a prime rate is not announced by Chase Manahattan Bank, N.A., then the term "New York Prime Rate" shall mean the floating annual lending rate of interest announced from time to time by Lender as its prime rate less one percent (1%). The term "LIBOR Rate" shall mean, as of a particular date, the per annum rate of interest identified as the three months London Interbank Offered Rate in the "Money Rates" Section of the edition of the Southwest Edition of the Wall Street Journal most recently published as of Interest Adjustment Date immediately previous to such date; provided, however, that if the Wall Street Journal shall discontinue or shall fail to regularly publish such rate in its "Money Rates" section or should the LIBOR Rate become for any other reason unascertainable or be construed by a court of competent jurisdiction as not constituting an index or formula by which the foregoing described rate of interest can be determined, then the LIBOR Rate option will no longer be available hereunder. Borrower acknowledges that Lender makes no warranty or representation that the New York Prime Rate, LIBOR Rate or Lender's prime rate are more favorable than another rate or index, or that rates on other loans or credit facilities may not be based on other indices, or that rates on loans to others may not be made below such rates. Installments of principal and interst under each Loan shall be payable quarterly and amortized over a ten (10) year period, and have a term specified by Lender which will not exceed seven (7) years from the date of such Loan.
New York Prime Rate means that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by the American bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers. The worth at the time of award of the amount referred to in clause (C) is computed by discounting such amount at the discount rate of the Federal Reserve Bank of New York at the time of award. For the purpose of determining unpaid Rent under clause (C), the Rent reserved in the Lease will be deemed to be the sum of the following: (i) the Base Rent computed pursuant to Section 2.1; (ii) the Additional Rent pursuant to Section 2.2(b) based upon the amount of such Additional Rent for the month preceding the date of termination; and (iii) the Percentage Rent pursuant to Section 2.6 based upon the amount of the annualized Gross Revenues for the then Lease Year increased by three percent (3%) per annum, to the date on which the Lease would have expired if Landlord had not terminated the Lease, but not to exceed the product of one (1%) percent of the initial Base Rent multiplied by the number of years since 2014.
New York Prime Rate means that rate of interest identified as prime or national prime by the Wall Street Journal, or if not published or found, then the rate of interest charged by a United States nationally chartered bank with the greatest number of assets on ninety (90) day unsecured notes to its preferred customers. For the purpose of determining unpaid Rent under clause (ii), the Rent reserved in the Lease will be deemed to be the sum of the following: (A) the Base Rent computed pursuant to Section 2.01 and 2.02; and (B) the Additional Rent computed pursuant to Section 2.03. Such computation of Additional Rent shall be based on the Additional Rent paid for the Lease Year preceding the date of termination, increased by four (4%) percent per year thereafter. Following payments by Tenant of the foregoing amounts, Landlord shall deliver and pay over to Tenant all rent, income, and other proceeds of any nature realized from the sale, lease or other disposition or utilization of the Leased Property, if any, actually received by Landlord, up to the amounts so paid by Tenant less Landlord's reasonably incurred costs and expenses of maintaining and re-leasing or selling the Leased Property.
New York Prime Rate means the rate that CIBC announces from time to time as its prime lending rate for Loans in Dollars to United States borrowers, as in effect from time to time. The New York Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. CIBC or any other Lender may make commercial loans or other loans at rates of interest at, above or below the New York Prime Rate.
New York Prime Rate means the floating annual lending rate of interest announced from time to time by the Chase Manhattan Bank, N.A., New York, New York as its prime rate, if a prime rate is not announced by Chase Manhattan Bank, N.A., then the term "New York Prime Rate" shall mean the floating annual lending rate of interest announced from time to time by Lender as its prime rate less one percent (1%). The term "LIBOR Rate" shall mean, as of a particular date, the per annum rate of interest identified as the three (3) months London Interbank offered Rate in the "Money Rates" Section of the Southwest Edition of the Wall Street Journal most recently published as of Interest Adjustment Date immediately previous to such date; provided, however, that if the Wall Street Journal shall discontinue or shall fail to regularly publish such rate in its " Money Rates" section or should the LIBOR Rate become for any other reason unascertainable or be construed by a court of competent jurisdiction as not constituting an index or formula by which the foregoing described rate of interest can be determined, then the LIBOR Rate option will no longer be available hereunder. Borrower acknowledges that Lender makes no warranty or representation that the New York Prime Rate, LIBOR Rate or Lender's prime rate are more favorable than another rate or index, or that rates on other loans or credit facilities may not be based on other indices, or that rates on loans to others may not be made below such rates. Payments of interest under the Loans shall be payable quarterly.