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.
Reuters Screen US PRIME 1 means the display designated as page “US PRIME 1” on the Reuters Monitor Money Rates Service (or any other page as may replace the US PRIME 1 page on that service for the purpose of displaying prime rates or base lending rates of major U.S. banks).
Reuters Screen US PRIME 1 means the display designated as page "U.S. Prime 1" on the Reuters Monitor Money Rates Service (or such other page as may replace the U.S. Prime 1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks).
Examples of Reuters Screen US PRIME 1 in a sentence
If fewer than four rates appear on the Reuters screen US PRIME 1 for that Interest Determination Date, by 3:00 P.M., New York City time, then the prime rate will be the average of the prime rates or base lending rates furnished in New York City by three substitute banks or trust companies (all organized under the laws of the United States or any of its states and having total equity capital of at least $500,000,000) selected by the Calculation Agent on the Interest Determination Date.
If fewer than four of the rates referred to in clause above appear on the Reuters screen US PRIME 1 page, the Prime Rate will be the arithmetic mean of the Prime Rates or base lending rates, as of the close of business on such Prime Interest Determination Date, of three major banks in New York City selected by the Calculation Agent.
More Definitions of Reuters Screen US PRIME 1
Reuters Screen US PRIME 1 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.
Reuters Screen US PRIME 1 means the display on the Reuters 3000 Xtra Service (or any successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) or such other recognized electronic source for the purpose of displaying prime rates or base lending rates of major United States banks.
Reuters Screen US PRIME 1 means the display designated as page "US PRIME 1" on the Reuters Monitor Money Rates Service (or such other page as may replace the US PRIME 1 page on that
Reuters Screen US PRIME 1 means the display designated as page
Reuters Screen US PRIME 1 means the display designated as page "US Prime" on the Reuters Monitor Money Rates Service (or such other page as may replace page US Prime on that service for the purpose of displaying prime rates or base lending rates of major United States banks).
Reuters Screen US PRIME 1 means the display designated as page "US Prime" on the Reuters Monitor Money Rates Service (or such other page as may replace page US Prime on that service for the purpose of displaying prime rates or base lending rates of major United States banks). Record Dates: Interest payments on Floating Rate Notes will be made on each Interest Payment Date to the registered owners at the close of business on the date 15 calendar days (whether or not a Business Day) prior to such Interest Payment Date (the "Regular Record Date"). Unless otherwise specified in the applicable Pricing Supplement, if a Note is issued between a Regular Record Date and an Interest Payment Date, the first payment of Interest will be made on the Interest Payment Date following the next succeeding Regular Record Date to the registered holder on such next succeeding Regular Record Date. Interest payable at Maturity or upon redemption or repayment (whether or not such maturity, redemption or repayment date is an Interest Payment Date) will be paid to the same person to whom principal is payable. Interest will begin to accrue on the original issue date of a Note for the first interest period and from and including the most recent Interest Payment Date to which interest has been paid for all subsequent interest periods. Each payment of interest shall include interest accrued from and including the most recent date in respect of which interest has been paid or duly provided for, or from and including the date of original issue, through the day before, but excluding, the Interest Payment Date (the maturity date, the redemption date or the repayment date, as applicable) (an "Interest Period"). In the case of Floating Rate Notes on which the interest rate is reset daily or weekly, the interest payments shall include interest accrued from but excluding the most recent Regular Record Date in respect of which interest has been paid or duly provided for, or from and including the date of issue, to and including the Regular Record Date next preceding the applicable Interest Payment Date, except that the interest payment at the maturity date, redemption date or repayment date will include interest accrued to, but excluding, such date.
Reuters Screen US PRIME 1 means the display designated as page "USPRIME1" on the Reuters Monitor Money Rates Service (or such other page as may replace the USPRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks). Determination of Treasury Rate ------------------------------ If the Interest Rate Basis with respect to this Security is the Treasury Rate, such rate shall be determined by the Calculation Agent in accordance with the following provisions: