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GIS » Topics » Prime Rate

This excerpt taken from the GIS 8-K filed Oct 15, 2007.
Prime Rate” means, for any day, the rate of interest in effect for such day as publicly announced from time to time by JPMorgan Chase in New York City as its “prime rate.” It is a rate set by JPMorgan Chase based upon various factors including JPMorgan Chase’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in the prime rate announced by JPMorgan Chase shall take effect at the opening of business on the day specified in the public announcement of such change.

 

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This excerpt taken from the GIS 8-K filed Aug 7, 2007.
Prime Rate” means, for any day, the rate of interest in effect for such day as publicly announced from time to time by JPMorgan Chase in New York City as its “prime rate.” It is a rate set by JPMorgan Chase based upon various factors including JPMorgan Chase’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the prime rate announced by JPMorgan Chase shall take effect at the opening of business on the day specified in the public announcement of such change.

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EXCERPTS ON THIS PAGE:

8-K
Oct 15, 2007
8-K
Aug 7, 2007

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