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.

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).

Prime Index shall have the meaning set forth in Section 2.4(b).

Examples of Prime Index in a sentence

• The Prime Index Rate shall be determined (i) on the first Business Day immediately prior to the Closing Date, and (ii) thereafter, on the last Business Day of each calendar month for calculation of interest for the following month.

• All computations of Interest and Fees hereunder shall be made by the Calculation Agent on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed; provided, that all computations of Interest calculated based on the Prime Index Rate shall be made by the Calculation Agent on the basis of a year of 365 days for the actual number of days (including the first but excluding the last day) elapsed.

• If the Prime Index Rate, should increase from June 30, 2016 any additional interest on the Loans shall be charged on a quarterly basis.

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

• 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.

• 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.

• In such an event, (i) the commitment of Lender to make or continue Index Rate Loans shall be immediately suspended and (ii) all amounts outstanding hereunder and any additional Advances shall bear interest at a rate equal to the Prime Index plus the Applicable Margin; provided, however, that if the Prime Index would be less than the Index Floor, the Prime Index will be deemed to be the Index Floor for the purposes of this Agreement and the other Loan Documents.

• 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.

• In particular, the Prime Index is the basic information on clip- ping/article that otherwise will be lost during the clipping process (name of newspaper, page, rubric, date, ...

More Definitions of Prime Index

Prime Index. With respect to any Interest Accrual Period for the Prime Floating Rate Class, the Prime Rate or any replacement index determined as specified in the Prospectus.

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.

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.

Prime Index means the rate of interest published in The Wall Street Journal from time to time as the “Prime Rate” for the U.S. 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,” Lender 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 Lender will select a comparable interest rate index that is then commonly used by lenders of floating rate commercial real estate loans similar to the subject Loan.

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;

Prime Index shall have the meaning provided in Article V, Section 5.8.