Define: Prime Rate
What does "Prime Rate" mean? The meaning differs based on the contract. We found 10 definitions across 13 companies in SEC filings.
Definition 1 (Air Products & Chemicals, Inc., seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent).
Source: Air Products & Chemicals, Inc. 10-K
Definition 2 (DELTA AIR LINES, INC., seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.
Source: DELTA AIR LINES, INC. 10-K
Definition 3 (DOVER Corp, seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board of Governors in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar release by the Board of Governors (as determined by the Agent in its reasonable discretion). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.
Source: DOVER Corp 10-Q
Definition 4 (DOVER Corp, seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board of Governors in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar release by the Board of Governors (as determined by the Agent in its reasonable discretion).
Source: DOVER Corp 10-Q
Definition 5 (AMAZON COM INC, seen in 1 filing)
Prime Rate means the prime lending rate announced by The Chase Manhattan Bank at its head office in New York.
Source: AMAZON COM INC S-1
Definition 6 (ALLSTATE CORP, seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.
Source: ALLSTATE CORP 10-K
Definition 7 (CIENA CORP, seen in 1 filing)
Prime Rate means one of several rates set by Bank from time to time as an interest rate base for borrowings.
Source: CIENA CORP S-1
Definition 8 (AMAZON COM INC, seen in 1 filing)
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected 22 Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar release by the Federal Reserve Board (as determined by the Administrative Agent in its reasonable discretion).
Source: AMAZON COM INC 10-K
Definition 9 (AMAZON COM INC, seen in 1 filing)
Prime Rate means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City.
Source: AMAZON COM INC 10-Q
Definition 10 (CrowdStrike Holdings, Inc., seen in 1 filing)
Prime Rate means the rate from time to time published in the Money Rates section of The Wall Street Journal as being the Prime Rate (or, if more than one rate is published as the Prime Rate, then the highest of such rates).
Source: CrowdStrike Holdings, Inc. S-1
Data extracted from 20 SEC EDGAR filings across 13 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.