Examples of HSBC Bank Prime Rate in a sentence
After an unsatisfied demand for payment by the Borrower of a Swingline Loan, the unpaid principal amount of the Swingline Loan shall bear interest at a rate equal to two percent (2%) above the HSBC Bank Prime Rate until such Swingline Loan is paid in full.
After an unsatisfied demand for payment, this Note shall bear interest at a per annum rate of interest equal to 2% in excess of the HSBC Bank Prime Rate from time to time in effect.
If any Lender so notified fails to make available to the Agent for the account of the Agent such amount by no later than 3:30 P.M. (Local Time) on the related Letter of Credit Drawing Date, then interest shall accrue on such Lender's obligation to make such amount available from such Letter of Credit Drawing Date to the date on which such Lender makes such amount available, at a rate per annum equal to the HSBC Bank Prime Rate in effect from time to time during such period.
The occurrence of any of the Libor Events specified in Section 2.6d hereof which arise before the Libor Period Commencement Date, will cause the Libor Rate to be unavailable with respect to any Libor Rate Portion of a Term Loan and interest on any such Libor Rate Portion of a Term Loan shall be charged at the HSBC Bank Prime Rate plus the Applicable Margin for Prime Rate Balances as set forth in Section 1.4 hereof, from time to time in effect rather than the Libor Rate.
The rate of interest on all Revolving Loans which are Prime Rate Loans shall change simultaneously with each change in the HSBC Bank Prime Rate.
After maturity of the Revolving Loans, whether by acceleration or otherwise, Borrower shall pay interest at a per annum rate equal to the HSBC Bank Prime Rate plus two percent (2%) on the unpaid principal balance of such Revolving Loans.
After maturity of the Term Loans, whether by acceleration or otherwise, Borrower shall pay interest at a per annum rate equal to the HSBC Bank Prime Rate plus two percent (2%) on the unpaid principal balance of such Term Loans.
Unless a Libor Rate Election is validly selected by Borrower and in effect with respect to a Term Loan pursuant to this Agreement, a Term Loan shall bear interest at the HSBC Bank Prime Rate plus the Applicable Interest Margin for HSBC Bank Prime Rate Balances as set forth in Section 1.4 hereof, from time to time in effect.
The Court made it clear, however, that such an investigative action might be permissible only so long as (1) “there is reasonable suspicion that the [stopped] suspect has committed a criminal act” (in other words, so long as there is reasonable articulable suspicion justifying the stop of the suspect), (2) “there is a reasonable basis for believing that fingerprinting will establish or negate the suspect’s connection with that crime,” and (3) “the procedure is carried out with dispatch.” Id. at 817.
However, if any of the Libor Events arise during a Libor Rate Period, only a Determination of Illegality, as defined in Section 2.6d hereof, will cause the Libor Rate to be unavailable with respect to any Libor Rate Portion of a Term Loan and, in that event, interest will thereafter be charged at the HSBC Bank Prime Rate plus the Applicable Margin for Prime Rate Balances as set forth in Section 1.4 hereof, from time to time in effect, during any such Libor Period.