WALL STREET PRIME definition

WALL STREET PRIME means the interest rate published by the Wall Street Journal as the base rate on corporate loans posted by at least 75% of the nation's 30 largest banks, or a similar substitute rate selected by Landlord if the foregoing rate is no longer published.
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WALL STREET PRIME means the highest rate of interest as published in the Wall Street Journal.
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WALL STREET PRIME means, as of a particular date, the prime rate of interest as published on that date in The Wall Street Journal, and generally defined therein as "the base rate on corporate loans posted by at least 75% of the nation's largest banks". If The Wall Street Journal is not published on a date for which the Prime Rate must be determined, the Prime Rate shall be the Prime Rate published in The Wall Street Journal on the nearest-preceding date on which The Wall Street Journal, was published or if the Prime Rate is not determinable in accordance with the foregoing provisions, the Prime Rate shall be the prime commercial lending rate of any federally chartered bank as selected by Mebane. The monthly amortization and payment amount shall be computed based on the Interest Accrual Rate in effect as of the Loan Date, but the unpaid portion from time to time shall be computed based upon any changes in the Interest Accrual Rate. Additional monthly payments may be demanded by Mebane to prevent negative amortization. At the earlier of (i) the expiration of the Initial Term, if such Loan Date occurs during the Initial Term or the expiration of the Extended Term, if such Loan Date occurs during the Extended Term; (ii) the termination of this Lease or (iii) the Closing of a purchase and sale transaction between Mebane and HPC pursuant to Section 4.9 hereof, the unpaid balance of each Loan together with accrued interest thereon shall be immediately due and payable.
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Examples of WALL STREET PRIME in a sentence

  • Wall street prime" means the highest rate of interest as published in the Wall Street Journal.


More Definitions of WALL STREET PRIME

WALL STREET PRIME means the prime rate of interest as reported in the Western Edition of the The Wall Street Journal. ----------------------- For all purposes of this Agreement, except as otherwise expressly provided:
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WALL STREET PRIME means the interest rate published by the Wall Street Journal as the base rate on corporate loans posted by at least 75% of the nation’s thirty largest banks, or a similar substitute rate selected by Town if the foregoing rate is no longer published. ARTICLE III LEASING OF LEASED PREMISES AND
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