The WSJ Prime Rate definition

The WSJ Prime Rate means the highest prime rate published in The Wall Street Journal on the day the rate is determined (or the previous day on whichThe Wall Street Journal was published if the paper is not published on that day). The date the rate is determined is the third Friday of each month. The APR for Purchases and Cash Advances is based on the WSJ Prime Rate plus a margin. We will calculate the rate monthly by adding the margin applicable to your Account to the WSJ Prime Rate. This APR may vary (increase and decrease). Any increase or decrease in the WSJ Prime Rate will result in an increase or decrease in your Daily Periodic Rate and the APR, and as a result, the Finance Charge and the Minimum Amount Due will change and may result in a smaller part of your payment being applied to reduce principal.
Sample 1
The WSJ Prime Rate means the highest prime rate published in the “Money Rates” section of The Wall Street Journal at any time during the three months preceding the date on which the WSJ Prime Rate is determined. We determine the WSJ Prime Rate on the last business day of each month. Changes to the Monthly Periodic Rate and corresponding APR for purchases and Transactions will be applied to your existing Account balance and to subsequent Transactions effective as of the first business day of the month in which we determine the interest rate, subject to any interest rate limits or floors that would otherwise apply. If The Wall Street Journal does not publish the U.S. Prime Rate, or if it changes the definition of the U.S. Prime Rate, we may, at our sole discretion, substitute another index.
Sample 1
The WSJ Prime Rate means the highest rate published in the “Money Rates” section of The Wall Street Journal at any time during the three months preceding the date on which the WSJ Prime Rate is determined. We determine the WSJ Prime Rate on the last business day of each month. Subject to Applicable Law, changes to the Monthly Periodic Rate and corresponding APR for Purchases may be applied to your existing Account balance and to subsequent Transactions effective as of the first business day of the month in which we determine the interest rate, subject to any interest rate limits or floors that would otherwise apply. Any increase or decrease in the WSJ Prime Rate will result in an increase or decrease in your Monthly Periodic Rate and the APR, and as a result, the finance charge and the Minimum Amount Due will change and may result in a smaller part of your payment being applied to reduce principal.
Sample 1

Examples of The WSJ Prime Rate in a sentence

  • The WSJ Prime Rate (“index”) is published daily in the Wall Street Journal in its “Money Rates” listings.

  • The WSJ Prime Rate will be adjusted, without notice, on an annual basis to the WSJ Prime Rate then in effect as of each anniversary date of this Note, or the first business day following such date if the anniversary date occurs on a weekend or holiday that there is no such rate determined or published.

  • Sincerely, (name) (title) ri EnclosuresREQUESTS FOR ADDITIONAL CLASSIFICATIONS AND WAGE RATES Criteria for the approval of additional classifications and wage rates are set forth in the Code of Federal Regulations, Title 29, Part 5, Subpart A, Section 5.5 (a) (1) (ii).

  • The WSJ Prime Rate will be adjusted, without notice, on an annual basis to the WSJ Prime Rate then in effect as of each anniversary date of each Tranche of the Acquisition Note, or the first business day following such date if the anniversary date occurs on a weekend or holiday that there is no such rate determined or published.

  • The WSJ Prime Rate is the consensus Prime Rate based upon WSJ’s survey of the Prime Rates charged by large banks and the most widely quoted measure of the Prime Rate.

  • The WSJ Prime Rate is a reference rate that serves as the basis upon which effective rates of interest are calculated for loans making reference to the WSJ Prime Rate.

  • The WSJ Prime Rate means the highest prime rate published in the “Money Rates” section of The Wall Street Journal at any time during the three months preceding the date on which the WSJ Prime Rate is determined.

  • The "WSJ Prime Rate" is the highest "Prime Rate" as published daily in THE WALL STREET JOURNAL under the heading "Money Rates." The WSJ Prime Rate in effect at any time will change each time and as of the date that a new Prime Rate is published.

  • This Statement does not respond to all questions raised under this Matter but focuses on those questions of particular relevance to our Client’s interests.

  • The WSJ Prime Rate for each Note will initially be the WSJ Prime Rate as of the date of the Term Note or date of advance of each Tranche of the Acquisition Note, and will be adjusted on an annual basis to the rate then in effect for each Note or Tranche as of each respective anniversary date, or the first Amended and Restated Loan Agreement business day following such date if the anniversary date occurs on a weekend or holiday that there is no such rate determined or published.

Related to The WSJ Prime Rate

  • U.S. Prime Rate means the per annum rate of interest announced by the Agent, at its main office from time to time as its "prime rate" (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by the Agent to any of its customers), which U.S. Prime Rate shall change simultaneously with any change in such announced rate.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Reference Rate means the rate specified as such hereon.

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Straight-time rate means the hourly rate of remuneration.

  • U.S. Base Rate means, for any day, the rate of interest per annum equal to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in U.S. Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly announced as being effective) and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

  • Prime Rate of Interest means the prime rate of interest published from time to time in the Wall Street Journal as the prime rate; provided, however that if the Wall Street Journal does not publish the Prime Rate of Interest, then the term “Prime Rate of Interest” shall mean the rate of interest publicly announced by Bank of America, N.A., as its Prime Rate, Base Rate, Reference Rate or the equivalent of such rate, whether or not such bank makes loans to customers at, above, or below said rate.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • Applicable Base Rate Margin means, with respect to ABR Loans of any Series at any time, the percentage rate per annum specified as the “Applicable Base Rate Margin” for such Series at such time, as determined pursuant to the Pricing Schedule.