Prime definition

Prime. As of any date of determination, the annual interest rate, adjusted daily, published from time to time in The Wall Street Journal (Western Edition) as the “PRIME RATE” in the “MONEY RATES” section.
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Prime contractor means that the Contractor has privity-of-contract with the Government for all contractual obligations under a mutually binding legal relationship with the Government. In other words, when the Government awards a contract to a contractor, the Contractor is considered the “Prime” contractor.
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Prime the rate quoted from time to time as its "Prime Rate" for commercial loans in the City in Canada where the Licensor's head office is situated, by the bank indicated on the Information Page, as the "Prime Rate Reference Bank".
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Examples of Prime in a sentence

  • Such policy(ies) shall be endorsed to name SAIC, its directors, officers and employees, and ▇▇▇▇▇’s customer where required by Buyer’s Prime Contract with its customer, as Additional Insureds and Waiver of Subrogation.

  • Payment by the Contractor to the Subcontractor net of any applicable holdback shall become due and payable after certification of the proper estimate by the Architect/Engineer and the Contractor receives payment pursuant to the terms and conditions of the Contract Documents from the Prime Contractor or the Owner, respecting such work.

  • The proportionate share of the purchase price so determined of each Remaining Shareholder who accepts the offer together with interest at the Prime Rate, calculated monthly in arrear, shall be payable in cash in equal instalments over a period of 6 months (provided the Remaining Shareholders shall be entitled to anticipate (prepay) their respective purchase prices).

  • Contractor may demand assurance, by bond or otherwise, from Subcontractor that it will abide by its guarantee and warranty as specified herein and as might otherwise be specified to a greater extent in the Prime Contract.

  • TalentCorp was established on 1 January 2011 under the Prime Minister’s Department to formulate and facilitate initiatives to address the availability of talent in line with the needs of the country’s economic transformation.


More Definitions of Prime

Prime means the rate of interest from time to time declared by the Canadian Imperial Bank of Commerce (or its successor, in the event of a merger or amalgamation) as its prime rate for Canadian dollar commercial loans in Canada;
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Prime means the greatest of such rates.
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Prime means the Bank of Canada’s target for the overnight (interest) rate, as posted from time to time.
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Prime means the published per annum prime lending rate on loans denominated in Canadian Dollars made in Canada charged by the principal banker of BC Hydro as at the date the interest is calculated in accordance with section 2.6;
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Prime for a Month means the average (rounded to the nearest one-thousandth (1/1000) of one percent (1%)) of the Prime Rate in effect on each day of such Month;
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Prime. Prime/BDR Acquisition, L.L.C. By: /s/ Cheryl Williams Cheryl Williams, Vice Preside▇▇ STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (this "Agreement") is entered into to be effective as of September 1, 1999 (the "Effective Time"), among PrimeSight, L.L.C., a Delaware limited liability company ("Prime"), Horizon Vision Center, Inc., a Nevada corporation (the "Company") and Wayne L. Marsh and Barbara K. ▇▇▇▇▇▇▇, ▇▇▇ividu▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇acramento, California, shareholders of the Company (collectively and individually referred to as "Seller"). The parties hereto agree as follows:
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Prime means, at any time, the rate of interest per annum equal to the rate which the principal office of the Bank of Nova Scotia in the city of ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, quotes, publishes and refers to as its “prime rate” and which is its reference rate of interest for loans in Canadian dollars made in Canada to Canadian borrowers, adjusted automatically with each quote or published change in such rate, all without the necessity of any notice to a party hereto;
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