Prime Index definition

Prime Index means the rate of interest per annum published in The Wall Street Journal from time to time as the “Prime Rate”. If more than one “Prime Rate” is published in The Wall Street Journal for a day, the average of such “Prime Rates” will be used, and such average will be rounded up to the nearest 1/1000th of one percent (0.001%). If The Wall Street Journal ceases to publish the “Prime Rate,” the Administrative Agent will select an equivalent publication that publishes such “Prime Rate,” and if such “Prime Rates” are no longer generally published or are limited, regulated or administered by a governmental or quasi-governmental body, then the Administrative Agent will select a comparable interest rate index.
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Prime Index means the prime rate of U.S. commercial banks as published in The Wall Street Journal (or, if more than one such rate is published, the average of such rates).
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Prime Index shall have the meaning set forth in Section 2.4(b).
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Examples of Prime Index in a sentence

  • Subordination requests involving HELOCs with interest rates exceeding the Prime Index Rate plus 3% shall be ineligible.

  • A rand prime interest rate curve was estimated utilising the historical Rand Prime Index and the three-month Johannesburg Interbank Agreed Rate.

  • The Prime Index is a pricing index and does not represent the lowest or best interest rate available to a borrower at any bank at any given time.

  • After the opening of the bankruptcy proceeding, the bankruptcy administrator shall take possession of all assets included in the bankruptcy estate and administer them.

  • If The Wall Street Journal is not published or the prime rate is not listed on the first Friday, then we will use the next published prime rate as the Prime Index.

  • The Subscriber may use the value information of Russell/Nomura Prime Index provided by OSE or a Subscriber that has entered into an Information Provision Agreement with OSE, and received via its own market information system for internal purposes only.

  • The Prime Index start date is end-December 1996.Source: Nomura Turnover ratioExhibit 12 shows the turnover ratios of indexes at the time of regular reconfigurations.

  • A stock will be removed from the Prime Index on the first business day of the month two months subsequent to the determination dates stipulated below, if the adjusted market capitalization of the stock falls below the minimum size criterion of 0.1% of the total adjusted market capitalization of the Total Market Index.

  • The Phlx proposes to list and trade European style, cash-settled options, including long term options, 3 on theOver-The-Counter Prime Index 4 (‘‘OTC Prime Index’’ or ‘‘Index’’), a priceweighted, A.M. settled index composed of fifteen 5 stocks which are considered the ‘‘most active’’ 6 stocks traded on the Nasdaq market.The Exchange is filing this proposalpursuant to Phlx 1009A(b) whichprovides for the commencement of trading of options on the Index thirty(30) days after the date of this filing.

  • However, the Prime Index takes into account the “negative list” and “banding,” with the “negative list” taking precedence over “banding.”16(1) Negative list—this rule is meant to restrict the inclusion of stocks with exceptionally low liquidity.


More Definitions of Prime Index

Prime Index. With respect to any Interest Accrual Period, the Prime Rate (as such term is defined in the Prospectus) or any replacement index determined as specified in the related Prospectus Supplement.
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Prime Index means, the base index, calculated by the Index Administrator in accordance with Section 4.1 “Prime Index Calculation” and published under the ticker specified in Table 1 (“Index Information”) in Appendix A;
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Prime Index shall have the meaning provided in Article V, Section 5.8.
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Prime Index. With respect to any Interest Accrual Period for the Prime Rate Floating Rate Certificates, the Prime Rate as determined by the Paying Agent pursuant to Section 3.06 or the value for such Interest Accrual Period of any replacement index selected by Xxxxxx Xxx pursuant to Section 3.06.
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Related to Prime Index

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • CPI Index means the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, U.S. City Average, “All Items” (1982-84 = 100), or any successor index thereof as such successor index may be appropriately adjusted to establish substantial equivalence with the Consumer Price Index; provided that if the Consumer Price Index ceases to be published and there is no successor thereto, such other index as the Company shall designate in writing to the Trustee shall be substituted for the Consumer Price Index.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • CMT Index Not applicable.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Retail Price Index means the general index of retail prices published by the Office for National Statistics each month in respect of all items or:

  • Price Index means the "Consumer Price Index" published by the Bureau of Labor Statistics of the U.S. Department of Labor, All Items. New York, N.Y.--Northeastern, N.J., all urban consumers (presently denominated "CPI-U"), or a successor or substitute index appropriately adjusted. (iii) the term "Price Index for the Base Year" shall mean the average of the monthly All Items Price Indexes for each of the 12 months of the Base Year.

  • Comparison Group means a sample group of organisations providing Comparable supply of Services which consists of organisations which are either of similar size to the Supplier or which are similarly structured in terms of their business and their service offering so as to be fair comparators with the Supplier or which, are best practice organisations;

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • SOFR IndexEnd means the SOFR Index value on the day which is five U.S. Government Securities Business Days preceding the Interest Payment Date relating to such Interest Period (or in the final Interest Period, the Maturity Date).

  • CPI means the headline consumer price index (for all urban areas) annual inflation rate, or such amended or replacement index, as published monthly by Statistics South Africa in Statistical Release P0141, available from <http://www.statssa.gov.za>.

  • Municipal Revitalization Index means the 2007 index by the

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks.

  • Peer Group means the group of companies, as more particularly set forth on attached Exhibit A, against which the Relative Total Shareholder Return of the Company is measured over the Incentive Period.