USD -Prime-H.15 definition
USD -Prime-H.15 means for any date (subject to the Rate Cut-off Date) the rate set forth in the Federal Reserve’s H.15(519) for that day opposite the caption “Bank prime loan”. If, by 5:00 p.m., New York City time, on the day that is one New York City Banking Day following that day, such rate for that day is not yet published in H.15(519), the rate for that day will be the rate set forth in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, for that day opposite the caption “Bank prime loan”. If, by 5:00 p.m., New York City time, on the day that is one New York City Banking Day following that day, such rate for that day is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source, or if that day is not a New York City Banking Day, the rate for that day will be the rate for the first preceding day for which such rate is set forth in H.15(519) opposite the caption “Bank prime loan”. The rate for any day in the period between the day after the Rate Cut-off Date and the last day of the Distribution Period shall be the rate on the Rate Cut-off Date.
USD -Prime-H.15 has the meaning set forth in paragraph 4(a) of Annex I.
USD -Prime-H.15 means that the rate for a Reset Date will be the rate set forth in H.15(519) for that day opposite the caption "Bank prime loan". If on the Calculation Date for a Calculation Period such rate for a Reset Date in that Calculation Period is not yet published in H.15(519), the rate for that Reset Date will be the rate set forth in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, for that day opposite the caption "Bank prime loan". If on the Calculation Date for a Calculation Period such rate for a Reset Date in that Calculation Period is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source, the rate for that Reset Date will be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen US PRIME 1 Page as such bank's prime rate or base lending rate as of 11.00 a.m., New York City time, on that Reset Date or, if fewer than four rates appear on the Reuters Screen US PRIME 1 Page for that Reset Date, the rate determined as if the parties had specified "USD-Prime-Reference Banks" as the applicable Floating Rate Option.