Common use of Prime Rate Clause in Contracts

Prime Rate. Prime Rate shall mean the annual rate of interest published in the Wall Street Journal from time to time as the “Prime Rate” or a comparable source selected by the General Partner in its reasonable discretion.

Appears in 3 contracts

Samples: Transaction Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (J2 Global, Inc.)

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Prime Rate. The term “Prime Rate Rate” shall mean the annual prime rate of interest as published in the Wall Street Journal from time to time or, failing such publication, such other interest rate as may replace or supersede the same or, in the absence of a replacement or superseding interest, such other interest as the “Prime Rate” or a comparable source selected by the General Partner in its reasonable discretionParties may agree.

Appears in 3 contracts

Samples: Technology License and Services Agreement (Synaptogenix, Inc.), Technology License and Services Agreement (Neurotrope, Inc.), Technology License and Services Agreement (Neurotrope, Inc.)

Prime Rate. Prime Rate shall mean the annual rate of interest published in the Wall Street Journal from time to time as the The term “Prime Rate” shall mean the prime rate (or a comparable source selected base rate) 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 General Partner first day on which The Wall Street Journal is published in its reasonable discretionthe month in which the subject sums are payable or incurred.

Appears in 2 contracts

Samples: Reciprocal Easement Agreement (Silver Spring Networks Inc), Reciprocal Easement Agreement (Silver Spring Networks Inc)

Prime Rate. Prime Rate Rate” shall mean the annual prime rate of interest (the base rate on corporate loans at large U.S. money center commercial banks) as published in the Wall Street Journal from time to time as or other equivalent publication if the “Prime Rate” or a comparable source selected by the General Partner in its reasonable discretionWall Street Journal no longer publishes such information.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)

Prime Rate. Prime Rate" means the base rate reported in the Money Rates column or section of The Wall Street Journal for corporate loans at large U.S. commercial banks. If The Wall Street Journal ceases to publish such rate, the "Prime Rate" shall mean the prime rate or base rate as announced by Lender from time to time. Any change in the Prime Rate shall mean take effect on the annual rate of interest published date specified in the Wall Street Journal from time to time as the “Prime Rate” or a comparable source selected by the General Partner in its reasonable discretionpublic announcement of such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Lipid Sciences Inc)

Prime Rate. As used herein, the term “Prime Rate Rate” shall mean the annual a variable rate of interest equal from day to day to the “Prime Rate” as published in the Wall Street Journal from time to time as the “Prime Rate” (or if such publication is no longer published, a similar reputable financial publication selected by Manager in its reasonable discretion listing such rate of interest or a comparable source selected by the General Partner in its reasonable discretionrate of interest).

Appears in 1 contract

Samples: Management Agreement

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Prime Rate. The term "Prime Rate shall mean Rate" means the annual prime rate (or base rate) reported in the Money Rates column or section of interest 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 first day on which The Wall Street Journal is published in the Wall Street Journal from time to time as month in which the “Prime Rate” subject sums are payable or a comparable source selected by the General Partner in its reasonable discretionincurred.

Appears in 1 contract

Samples: Lease (Riverbed Technology, Inc.)

Prime Rate. The term “Prime Rate Rate” shall mean the annual prime rate of interest published as reported in the “Money Rates” column or similar listing of The Wall Street Journal Journal, in effect from time to time as (which rate shall be adjusted on the “Prime Rate” or a comparable source selected by the General Partner effective date of each change in its reasonable discretionsuch prime rate).

Appears in 1 contract

Samples: Incorporation and Shareholders Agreement (INVO Bioscience, Inc.)

Prime Rate. The “Prime Rate Rate” shall mean an interest rate equal to the annual floating commercial rate of interest published in the Wall Street Journal from time to time (or its successors) as the “Prime Rate” or a comparable source selected by the General Partner in its reasonable discretionprime rate.

Appears in 1 contract

Samples: Limited Partnership Agreement

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