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AYR » Topics » Base Rate

This excerpt taken from the AYR 8-K filed May 5, 2008.
Base Rate” means, for any day, the rate per annum equal to the sum of (a) the higher of (i) the Federal Funds Rate for such day and (ii) the Prime Rate for such day, plus (b) one-half of one percent (0.5%).  Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.
 
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This excerpt taken from the AYR 8-K filed May 5, 2008.
Base Rate” means, for any day, the rate per annum equal to the sum of (a) the higher of (i) the Federal Funds Rate for such day and (ii) the Prime Rate for such day, plus (b) one-half of one percent (0.5%).  Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.
 
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EXCERPTS ON THIS PAGE:

8-K
May 5, 2008
8-K
May 5, 2008

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