Examples of Adjusted Prime Rate in a sentence
Adjusted Prime Rate – A rate equal to 3.0% above the per annum Prime Rate, or its successor, as reported daily in the Wall Street Journal.
Within 30 Calendar Days after the resolution of the dispute, the Party that owes money to the other Party shall pay the amount due with interest calculated using the Adjusted Prime Rate as an annual percentage rate in existence at the time the dispute was initiated.
Upon written election by the Investor Member Managing Member shall forthwith pay to the Investor Member an amount equal to its Adjusted Capital Contribution and any actual costs that the Investor Member has incurred with respect to the transaction, in cash (with interest thereon at the Adjusted Prime Rate commencing on the fifteenth (15th) day following the date of such delivery of notification from the Investor Member).