WSJ Rate definition
WSJ Rate means the rate of interest published in The Wall Street Journal as the prime rate in the United States, such rate to change as and when such designated rate changes.
WSJ Rate means, on any day, the U.S. prime rate as published in The Wall Street Journal’s Money Rates table for such day. If multiple prime rates are quoted in such table, then the highest U.S. prime rate quoted therein shall be the prime rate. In the event that a U.S. prime rate is not published in The Wall Street Journal’s Money Rates table for any reason or The Wall Street Journal is not published that day in the United States of America for general distribution, the Lender will choose a substitute U.S. prime rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a U.S. prime rate is published in The Wall Street Journal’s Money Rates table. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
WSJ Rate means, on any day, the U.S. prime rate as published in The Wall Street Journal’s “Money Rates” table for such day. If multiple prime rates are quoted in such table, then the highest U.S. prime rate quoted therein shall be the prime rate. In the event that a U.S. prime rate is not published in The Wall Street Journal’s “Money Rates” table for any reason or The Wall Street Journal is not published that day in the United States of America for general distribution, the Administrative Agent will choose a substitute U.S. prime rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a prime rate is published in The Wall Street Journal’s “Money Rates” table. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
Examples of WSJ Rate in a sentence
Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum, rate equal to the WSJ Rate, plus one and one quarter of one percent (1.25%), which interest shall be payable monthly in accordance with Section 2.3(g) below.
More Definitions of WSJ Rate
WSJ Rate is the “prime rate” of interest, as published from time to time by The Wall Street Journal in the “Money Rates” section of its Western Edition newspaper. In the event The Wall Street Journal or such rate is no longer published or available, Bank shall select a comparable rate.
WSJ Rate means, on any day, the greater of (i) the U.S. prime rate as published in The Wall Street Journal’s “Money Rates” table for such day or (ii) four and one-half percent (4.50%). If multiple prime rates are quoted in such table, then the highest U.S. prime rate quoted therein shall be the prime rate under clause (i) above. In the event that a U.S. prime rate is not published in The Wall Street Journal’s “Money Rates” table for any reason or The Wall Street Journal is not published that day in the United States of America for general distribution, the Lender will choose a substitute U.S. prime rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a prime rate is published in The Wall Street Journal’s “Money Rates” table. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
WSJ Rate means, on any day, the greater of (i) the U.S. prime rate as published in The Wall Street Journal’s “Money Rates” table for such day or (ii) three percent (3.00%). If multiple prime rates are quoted in such table, then the highest U.S. prime rate quoted therein shall be the prime rate under clause (i) above. In the event that a U.S. prime rate is not published in The Wall Street Journal’s “Money Rates” table for any reason or The Wall Street Journal is not published that day in the United States of America for general distribution, the Lender will choose a substitute U.S. prime rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a prime rate is published in The Wall Street Journal’s “Money Rates” table. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
WSJ Rate means, on any day, the greater of (i) the prime rate as published in The Wall Street Journal's "Money Rates" table for such day or (ii) five percent (5.00%). If multiple prime rates are quoted in such table, then the highest prime rate quoted therein shall be the prime rate under clause (i) above. In the event that a prime rate is not published in The Wall Street Journal's "Money Rates" table for any reason or The Wall Street Journal is not published that day, the Administrative Agent will choose a substitute WSJ Rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a prime rate is published in ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Journal's "Money Rates" table. In this connection, such prime rate for each Saturday, Sunday or day for which banks are authorized to be closed in the state of Texas shall be the most recent prime rate so published if published no more than three days prior to such date. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
WSJ Rate means, on any day, the greater of (i) the U.S. prime rate as published in The Wall Street Journal’s Money Rates table for such day or (ii) four percent (4.00%). If multiple prime rates are quoted in such table, then the highest U.S. prime rate quoted therein shall be the prime rate under clause (i) above. In the event that a U.S. prime rate is not published in The Wall Street Journal’s Money Rates table for any reason or The Wall Street Journal is not published that day in the United States of America for general distribution, the Lender will choose a substitute U.S. prime rate, for purposes of calculating the interest rate applicable hereunder, which is based on comparable information, until such time as a U.S. prime rate is published in The Wall Street Journal’s Money Rates table. Each change in the WSJ Rate shall become effective without notice to the Borrower on the effective date of each such change.
WSJ Rate means the lowest per annum rate of interest then most recently published as a “U.S. prime rate” in the “Money Rates” column in the “Money & Investing” section of the Southwest Edition of the Wall Street Journal; provided, however, that if the Wall Street Journal shall discontinue or shall fail to regularly publish such rate in its “Money & Investing” section or an alternative section, then the term “WSJ Rate” shall mean or refer to the prevailing prime interest rate as set forth from time to time by Citibank, N.A., at its principal office in Las Vegas, Nevada, as its prime lending rate for domestic commercial loans.
WSJ Rate means or refer to the prevailing prime interest rate as set forth from time to time by Citibank, N.A., at its principal office in Las Vegas, Nevada, as its prime lending rate for domestic commercial loans.