WSJ Prime Rate means the “Prime Rate” as published in the printed copy of the Wall Street Journal on any particular day as the same may be adjusted from time to time.
WSJ Prime Rate is the Prime Rate published in the Money Rates section of the Western Edition of The Wall Street Journal, provided however, if such rate becomes unavailable, there after the “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate.
WSJ Prime Rate is the then per annum rate of interest most recently quoted as the “Prime Rate” in The Wall Street Journal Western Edition. [Signature page follows.]
Examples of WSJ Prime Rate in a sentence
The unpaid principal balance of this Note shall bear variable interest at a rate equal to the published WSJ Prime Rate (as defined below) plus four and one half percent (4.5%) per annum, based on a 365 day year, from the date hereof until paid in full.
The interest rate is reset daily at the WSJ Prime Rate plus 450 basis points, with a floor of 13.00% (indicative rate of 13.00% as of 10/23/2023).
If multiple prime rates are quoted in the table, then the highest prime rate will be the WSJ Prime Rate.
The WSJ Prime Rate shall change from time to time, and such changes shall be effective without prior notice to Borrower.
More Definitions of WSJ Prime Rate
WSJ Prime Rate is the rate of interest per annum from time to time published in the money rates section of The Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of The Wall Street Journal, becomes unavailable for any reason as determined by Bank, the “Prime Rate” shall mean the rate of interest per annum announced by Bank as its prime rate in effect at its principal office in the State of California (such Bank announced Prime Rate not being intended to be the lowest rate of interest charged by Bank in connection with extensions of credit to debtors).
WSJ Prime Rate means the interest rate published in The Wall Street Journal as the prime interest rate for U.S. commercial banks, as adjusted semi-annually on each January 1 and July 1 as such prime interest rate is adjusted.
WSJ Prime Rate means that rate nominated as the Prime Rate published and defined in the Wall Street Journal distributed in the Metropolitan Detroit area, as such rate shall vary from time to time, upwards and downwards. For purposes of determining the WSJ Prime Rate for any given day, reference shall be made to the effective date with respect to such Prime Rate as set forth in the Wall Street Journal for such date or the prior banking day if such date is not a banking day, without reference to the actual date such Prime Rate was published or reported therein.
WSJ Prime Rate. At any time, the prime lending rate on corporate loans posted by at least 75% of the 30 largest banks in the United States according to and as published in the Wall Street Journal.
WSJ Prime Rate means the rate published from time to time by the Wall Street Journal as the U.S. Prime Rate, or, in the event that the Wall Street Journal ceases publication of prime rates, the base, reference or other rate then designated by the Administrative Agent, in its sole discretion, for other commercial loans that prior to such cessation accrued interest at a rate that was based upon the WSJ Prime Rate, it being understood that such rate is a reference rate, not necessarily the lowest, established from time to time, which serves as the basis upon which effective interest rates are calculated for loans making reference thereto. The effective interest rate applicable to the Loans shall change on the date of each change in the WSJ Prime Rate.
WSJ Prime Rate means the rate of interest published in the “Money Rates” section of The Wall Street Journal, Eastern Edition as the “United States Prime Rate,” even if such rate is not the lowest or best rate available. In the event that The Wall Street Journal, Eastern Edition is not published or such rate does not appear in The Wall Street Journal, Eastern Edition, the WSJ Prime Rate shall be determined by Bank until such time as the WSJ Prime Rate becomes available in accordance with past practices.” 12 The Loan Agreement shall be amended by replacing the Compliance Certificate appearing as Exhibit C thereto with the Compliance Certificate appearing as Exhibit A hereto. On and after the date of this Loan Modification Agreement, all references in the Loan Agreement to the Compliance Certificate shall be deemed to refer to Exhibit A hereto.
WSJ Prime Rate refers to the Wall Street Journal Prime rate, which means the greater of (a) 3.25% and (b) the rate of interest per annum from time to time published in the “Money Rate” section of the Wall Street Journal as the “prime rate” then in effect in the United States of America; provided that if such rate of interest is no longer published therein, the “WSJ PRIME RATE” shall mean the rate of interest per annum announced by the Financing Bank as its “prime rate” in effect at its principal office in the state of California, even if it is not the Financing Bank’s lowest rate.