the Prime Rate means the prime bank overdraft rate of interest charged and calculated by First National Bank for the time being to its first class corporate customers in the private sector in respect of loan facilities, compounded monthly in arrears, as certified by any manager of such a bank, whose appointment and authority shall not be necessary to prove and which certificate shall be prima facie proof of such rate.
the Prime Rate means a rate of interest per annum which is equal to the published minimum lending rate of interest per annum, compounded monthly in arrear, charged by Nedbank Bank Limited on the unsecured overdrawn current accounts of its most favoured corporate clients in the private sector from time to time. (In the case of a dispute as to the rate so payable, the rate may be certified by any manager or assistant manager of any branch of the said bank, whose decision shall be final and binding on the parties);
the Prime Rate means the rate of interest per annum announced to be its Prime Rate from time to time by Agent at its principal office in Cincinnati, Ohio whether or not Agent will at times lend to borrowers at lower rates of interest, or, if there is no such Prime Rate, then its base rate or such other rate as may be substituted by Agent for the Prime Rate.
Examples of the Prime Rate in a sentence
CONCLUSION The aim in this text was in no way to glorify the Occidental model of society; it does not aim at judging whether or not the so-termed transition process, which is inclined to transform a country deeply rooted in communist references and to encourage a capitalistic mode of organisation, is overall positive13.
INTEREST COMPUTED AT THE RATE OF 3 PERCENTAGE POINTS ABOVE THE PRIME RATE FROM THE ORIGINAL DUE DATE OF THE RETURN.
AS PART OF ANY CANCELLATION, YOU (THE HOME OWNER) MUST REPAY ANY MONEY ACTUALLY SPENT ON YOURBEHALF BY _____________________ (NAME OFFORECLOSURE CONSULTANT) PRIOR TO RECEIPT OF THIS NOTICE AND AS A RESULT OF THIS AGREEMENT, WITHIN SIXTY DAYS, ALONG WITH INTEREST AT THE PRIME RATE PUBLISHED BY THE FEDERAL RESERVE PLUS TWO PERCENTAGE POINTS, WITH THE TOTAL INTEREST RATE NOT TO EXCEED EIGHT PERCENT PER YEAR.
MALEK AN ACT PROVIDING AN ALTERNATE SOURCE FOR AN OUTDATED REFERENCE TO INTEREST RATES BASED ON THE PRIME RATE; AMENDING SECTIONS 7-8-2304, 31-1-107, AND 33-3-431, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE AND APPLICABILITY DATE.
IN THE EVENT THAT BUYER FAILS TO MAKE ANY PAYMENT WHEN DUE, SELLER SHALL HAVE THE RIGHT TO CHARGE INTEREST ON THE OUTSTANDING AMOUNT AT THE PRIME RATE QUOTED BY CITBANK, N.A. NEW YORK, NEW YORK, ON THE DUE DATE, AND CALCULATED ON A THREE HUNDRED SIXTY (360) DAY PER YEAR BASIS FROM THE DUE DATE UNTIL THE DATE SUCH PAYMENT IS RECEIVED BY SELLER.
More Definitions of the Prime Rate
the Prime Rate means the nacm prime overdraft rate of interest from time to time publicly quoted as such by Nedbank, calculated on a 365 (three hundred and sixty five) day factor, irrespective of whether or not the year is a leap year, as certified by any manager of Nedbank, whose appointment as such it shall not be necessary to prove, which certificate shall serve as prima facie proof of its contents;
the Prime Rate means the prime bank overdraft rate of interest charged by Absa Bank Limited or its successor/s from time to time and more commonly known as its prime rate (in the case of a dispute, the rate may be certified by any manager or assistant manager of the said bank whose certificate shall be final and binding on the members);
the Prime Rate means, with respect to any Interest Determination Date relating to this Note for which the interest rate is determined with reference to the Prime Rate (a "Prime Rate Interest Determination Date"), the rate on such date as such rate is published in H.15(519) under the heading "Bank Prime Loan" or, if not published prior to 3:00 p.m., New York City time, on the related Calculation Date, the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption "Bank Prime Loan." If such rate is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the related Calculation Date, then the Prime Rate shall be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen U.S. PRIME 1 Page (as defined below) as such bank's prime rate or base lending rate as in effect for such Prime Rate Interest Determination Date. If fewer than four such rates appear on the Reuters Screen U.S. PRIME 1 Page for such Prime Rate Interest Determination Date, the Prime Rate shall be the arithmetic mean of the prime rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date by four major money center banks (which may include The Bank of New York) in The City of New York selected by the Calculation Agent, after consultation with the Company. If fewer than four such quotations are so provided, the Prime Rate shall be the arithmetic mean of four prime rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date as furnished in The City of New York by the major money center banks, if any, that have provided such quotations and by as many substitute banks or trust companies (which may include The Bank of New York) as necessary in order to obtain four such prime rate quotations, provided such substitute banks or trust companies are organized and doing business under the laws of the United States, or any State thereof, have total equity capital of at least U.S.$500 million and are each subject to supervision or examination by Federal or State authority, selected by the Calculation Agent, after consultation with the Company, to provide suc...
the Prime Rate means the publicly quoted basic rate of interest at which The Standard Bank of South Africa Limited will lend funds on overdraft. A certificate under the hand of a General Manager of such bank, whose appointment it will not be necessary to prove, shall constitute prima facie proof of the prime rate from time to time;
the Prime Rate means the publicly quoted lowest rate of interest from time to time at which The Standard Bank of South Africa Limited lends on unsecured overdraft to its most favoured South African Corporate customers.
the Prime Rate means the prime rate of interest (nominal annual compounded monthly) charged by ABSA Limited on overdraft to first class corporate borrowers in the private sector on an unsecured basis from time to time during the currency of this Agreement. In the event of a dispute between the parties as to such rate, a certificate by any branch manager of the said Bank, whose designation need not be proved, shall be final and binding on the parties;
the Prime Rate means the basic prime rate of interest applicable at the time as determined by Nedbank Limited;