Common use of Prime Rate Clause in Contracts

Prime Rate. The term "Prime Rate" shall mean the prime rate (or the highest of such prime rate if there is a range of such rates) as published from time to time in the Money Rates column of The Wall Street Journal (the "Index"). If the Index shall remain unpublished for more than thirty (30) days or shall cease to exist, then the Bank shall have the right, in its sole discretion, to select a comparable rate of interest and shall notify the Borrower of such selection.

Prime Rate. The term "Prime Rate" shall mean the prime rate (or the highest of such prime rate if there is a range of such ratesbase rate) as published from time to time reported in the Money Rates column or section of The Wall Street Journal as being the base rate on corporate loans at large U.S. money center commercial banks (whether or not such rate has actually been charged by any such bank) on the "Index"). If first day on which The Wall Street Journal is published in the Index shall remain unpublished for more than thirty (30) days month in which the subject sums are payable or shall cease to exist, then the Bank shall have the right, in its sole discretion, to select a comparable rate of interest and shall notify the Borrower of such selectionincurred.

Prime Rate. The term "“Prime Rate" ” shall mean the prime highest per annum rate of interest (or expressed as a percentage) which is identified as the highest of such prime rate if there is a range of such rates) as published from time to time “Prime Rate” in the “Money Rates column Rates” section of The Wall Street Journal (Journal, adjusted as of the "Index"). If the Index shall remain unpublished for more than thirty (30) days date of any change therein, whether or shall cease to exist, then the Bank shall have the right, in its sole discretion, to select not such prime rate is actually charged by any bank or other financial institution and whether or not a comparable lower or better rate of interest and shall notify the Borrower of such selectionis charged by any bank or other institution.

Prime Rate. The term "Prime Rate" shall mean the prime rate (or the highest of such prime rate if there is a range of such rates) as published from time to time in the Money Rates column of The the Wall Street Journal (the "Index"). If the Index shall remain unpublished for more than thirty (30) days or shall cease to exist, then the Bank shall have the right, in its sole discretion, to select a comparable rate of interest and shall notify consistent with similar rates charged to other customers of the Borrower of such selectionBank whose interest is based upon the "Prime Rate."