Broker Call Rate definition

Broker Call Rate means the daily rate of interest quoted by Legent’s primary bank from time to time as its “broker call rate.”
View Source
Broker Call Rate means the rate established from time to time by the Bank in its sole discretion as its broker loan rate.
View Source

Examples of Broker Call Rate in a sentence

  • The annual rate of interest applicable to your Account will be computed using a selected rate above, at, or below the Call Money Rate, also referred to as the Broker Call Rate, as published in the Wall Street Journal.

  • The Pershing Base Lending Rate will be set with reference to the published Broker Call Rate, commercially recognized interest rates, industry conditions relating to the extension of credit, and general market conditions.

  • The annual rate of interest applicable to your account will be computed using a selected rate above, at, or below the Call Money Rate, also referred to as the Broker Call Rate, as published in the Wall Street Journal.

  • Notwithstanding the foregoing, all principal payments due on Loans which are in default shall bear interest, payable on demand, from the date of default until paid (whether before or after judgment) at a rate per annum equal to the Broker Call Rate plus two percent (2%).

  • The interest rate shall change on the effective date of any change in the Broker Call Rate; provided, however, that the Bank shall have no obligation to notify the Borrower of such change in the Broker Call Rate.

  • Each Loan shall bear interest at a rate per annum equal to the Broker Call Rate, but in no event in excess of the maximum rate permitted by law.