Chase Rate definition

Chase Rate means the per annum rate of interest publicly announced by JPMorganChase Bank (or any successor thereof) in New York, New York, from time to time as its prime rate. (The prime rate is not intended to be the lowest rate of interest charged by JPMorganChase Bank to its borrowers.)
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Chase Rate the rate of interest publicly announced by Chase from time to time in New York, New York as its prime rate."
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Chase Rate means the per annum rate of interest publicly announced by The Chase Manhattan Bank in New York, New York, from time to time as its prime rate. The Chase Rate shall be determined by us at the close of business on the last Business Day of each calendar month. (The prime rate is not intended to be the lowest rate of interest charged by The Chase Manhattan Bank to its borrowers.)
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Examples of Chase Rate in a sentence

  • Any change in the rate of interest hereunder due to a change in the Chase Rate shall take effect as of the first of the month following such change in the Chase Rate.

  • The Chase Rate is the per annum rate of interest publicly announced by The Chase Manhattan Bank in New York, New York from time to time as its prime rate.

  • The Chase Rate is the per annum rate of interest publicly announced by The Chase Manhattan Bank (or its successor) in New York, New York from time to time as its prime rate.

  • The rate in (i) above is based on the eight and one-half percent (8 1/2%) per annum Chase Rate as of April 1, 1997.

  • Should the Companies elect to convert Chase Rate Loans to Eurodollar Loans, it shall give the Agent at least four Working Days' prior irrevocable notice of such election.

  • The contents of this sub-clause (c) [sic] will not apply with respect to the first year of the trust.

  • All or any part of outstanding Chase Rate Loans then outstanding with respect to Revolving Loans and Term Loans may be converted to Eurodollar Loans as provided herein, provided that partial conversions shall be in an aggregate principal amount of $1,000,000 or more.

  • In the event the Companies fall to timely select a variable interest rate, the Revolving Loans shall be deemed Chase Rate Loans until the Companies elect otherwise as herein provided.

  • The Revolving Loans made on and after the Closing Date shall bear a variable rate of interest, as further described below, to be selected by the Companies in the Revolving Loan Notice of Borrowing effective upon receipt by CITBC, and given no later than 1:00 p.m. (New York time) on a) in the case of Chase Rate Loans, the date such borrowings are to be made and b) in the case of Libor Loans, the third (3rd) Business Day prior to the date such borrowings are to be made.

  • Any payment by CITBC pursuant to any Letter of Credit Guaranty or any fees, charges or amounts charged to the Companies' Collective Account pursuant to or in connection with this Section 4 shall be deemed a Revolving Loan hereunder and shall incur interest at the then prevailing Chase Rate.