Prime Index definition
Prime Index means the rate of interest per annum published in The Wall Street Journal from time to time as the “Prime Rate”. If more than one “Prime Rate” is published in The Wall Street Journal for a day, the average of such “Prime Rates” will be used, and such average will be rounded up to the nearest 1/1000th of one percent (0.001%). If The Wall Street Journal ceases to publish the “Prime Rate,” the Administrative Agent will select an equivalent publication that publishes such “Prime Rate,” and if such “Prime Rates” are no longer generally published or are limited, regulated or administered by a governmental or quasi-governmental body, then the Administrative Agent will select a comparable interest rate index.
Prime Index means the prime rate of U.S. commercial banks as published in The Wall Street Journal (or, if more than one such rate is published, the average of such rates).
Prime Index shall have the meaning set forth in Section 2.4(b).
Examples of Prime Index in a sentence
In such an event, (i) the commitment of Lender to make or continue Index Rate Loans shall be immediately suspended and (ii) all amounts outstanding hereunder and any additional Advances shall bear interest at a rate equal to the Prime Index plus the Applicable Margin; provided, however, that if the Prime Index would be less than the Index Floor, the Prime Index will be deemed to be the Index Floor for the purposes of this Agreement and the other Loan Documents.
More Definitions of Prime Index
Prime Index means the rate of interest published in The Wall Street Journal from time to time as the “Prime Rate” for the U.S. If more than one “Prime Rate” is published in The Wall Street Journal for a day, the average of such “Prime Rates” will be used, and such average will be rounded up to the nearest 1/1000th of one percent (0.001%). If The Wall Street Journal ceases to publish the “Prime Rate,” Lender will select an equivalent publication that publishes such “Prime Rate,” and if such “Prime Rates” are no longer generally published or are limited, regulated or administered by a governmental or quasi-governmental body, then Lender will select a comparable interest rate index that is then commonly used by lenders of floating rate commercial real estate loans similar to the subject Loan.
Prime Index. With respect to any Interest Accrual Period, the Prime Rate (as such term is defined in the Prospectus) or any replacement index determined as specified in the related Prospectus Supplement.
Prime Index. With respect to any Interest Accrual Period for the Prime Rate Floating Rate Certificates, the Prime Rate as determined by the Paying Agent pursuant to Section 3.06 or the value for such Interest Accrual Period of any replacement index selected by ▇▇▇▇▇▇ ▇▇▇ pursuant to Section 3.06.
Prime Index shall have the meaning provided in Article V, Section 5.8.
Prime Index means, the base index, calculated by the Index Administrator in accordance with Section 4.1 “Prime Index Calculation” and published under the ticker specified in Table 1 (“Index Information”) in Appendix A;
Prime Index. With respect to any Interest Accrual Period for the Prime Floating Rate Class, the Prime Rate or any replacement index determined as specified in the Prospectus.