Common use of Prime Rate Clause in Contracts

Prime Rate. The term "Prime Rate" shall mean at any time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 12 contracts

Samples: Credit Agreement (SBS Technologies Inc), Credit Agreement (Amrep Corp), Credit Agreement (Itron Inc /Wa/)

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Prime Rate. The term "Prime Rate" shall mean at any time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, "prime rate," with the understanding that the Prime Rate such "prime rate" is one of Bank's base rates and rates, serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, thereto and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 2 contracts

Samples: Credit Agreement (Staar Surgical Company), Credit Agreement (Staar Surgical Company)

Prime Rate. The term "Prime Rate" shall mean at any time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Credit Agreement (Stratford American Corp)

Prime Rate. The term "Prime Rate" shall mean at any time the rate of interest most recently announced within Bank at its principal office in San Francisco as its Prime Rate, with the understanding that the Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Credit Agreement (First Consulting Group Inc)

Prime Rate. The term "Prime Rate" shall mean at any time ” means, with respect to a loan, the rate per annum determined by the Lender and equal to the prime rate per annum as such interest rate is referenced and reported by the Wall Street Journal or, if the same is unavailable, any other generally accepted authoritative source of such interest most recently announced within Bank at its principal office rate as its Prime Rate, with the understanding that the Lender may reference from time to time. The Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced shall be adjusted by the recording thereof in such internal publication or publications Lender, as Bank may designatenecessary, at the end of each month during the term hereof. Each change in the rate of interest shall become effective on the date each The Prime Rate change as of November 30, 2008 is announced within Bankfour percent (4%).

Appears in 1 contract

Samples: Fortune Industries, Inc.

Prime Rate. The term "Prime Rate" shall mean mean, at any time time, the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's ’s base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Credit Agreement (Acr Group Inc)

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Prime Rate. The term "Prime Rate" shall mean at any is a base rate that Bank from time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's base rates to time establishes and which serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Barrett Business Services Inc

Prime Rate. The term "Prime Rate" shall mean at any time the rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's ’s base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Credit Agreement (Rentrak Corp)

Prime Rate. The term For purposes hereof, "Prime Rate" means the fluctuating rate of interest per annum established by Bank as its prime lending rate in effect from time to time whether or not such rate shall mean be otherwise published. Such Prime Rate is established by Bank as an index or base rate and may or may not at any time be the best or lowest rate of interest most recently announced within Bank at its principal office as its Prime Rate, with the understanding that the Prime Rate is one of Bank's base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced offered by the recording thereof in such internal publication or publications as Bank may designate. Each change in the rate of interest shall become effective on the date each Prime Rate change is announced within Bank.

Appears in 1 contract

Samples: Guaranty Agreement (Transeastern Properties Inc)

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