Definition of Pre-Conversion Rate

  1. Pre-Conversion Rate means a floating rate of Prime plus Two Percent (2%) as in effect on the first business day of the month, with a minimum rate of 5.5% and a maximum rate of 9%.

Definition of Pre-Conversion Rate in Credit Line Agreement

Pre-Conversion Rate means a floating rate of Prime plus Two Percent (2%) as in effect on the first business day of the month, with a minimum rate of 5.5% and a maximum rate of 9%.