Adjusted Prime Rate definition

Adjusted Prime Rate. A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

Adjusted Prime Rate means an interest rate per annum equal to the Prime Rate in effect from time to time plus the Prime Rate Spread.

Adjusted Prime Rate means, for any day, the fluctuating rate per annum of interest equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day plus 1/2%.

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).

More Definitions of Adjusted Prime Rate

Adjusted Prime Rate means the interest rate as calculated by the higher of either the prime interest rate set by the City’s bank on December 31st of the previous year plus 300 basis points (3%), or twelve percent (12%) per annum.

Adjusted Prime Rate means a floating interest rate equal to the Prime Rate plus Prime Applicable Margin changing when and as the Prime Rate and Prime Applicable Margin changes.

Adjusted Prime Rate means the Prime Rate minus the Applicable Margin.

Adjusted Prime Rate means, for any day, a rate per annum equal to (i) the Prime Rate for such day plus (ii) Prime Applicable Margin for such day, in each case changing when and as the Prime Rate changes.

Adjusted Prime Rate means, at any time, the sum of the Prime Rate plus the Prime Rate Margin in effect at such time.

Adjusted Prime Rate means, for any day, the fluctuating rate per annum of interest equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Rate in effect on such day plus 0.50%.

Adjusted Prime Rate means, for any day, the rate equal to (i) the floating rate of interest established from time to time by Fifth Third Bank at its principal office as its “Prime Rate”, whether or not Fifth Third Bank shall at times lend to borrowers at lower rates of interest or, if there is no such Prime Rate, then such other rate as may be substituted by Fifth Third Bank for such Prime Rate plus (ii) 100 basis points.