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This excerpt taken from the WEN 8-K filed Mar 12, 2009. Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall be equal at all times to the higher of the following:
(a) the rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank’s base rate; and
Notwithstanding the foregoing, at no time shall the Base Rate be less than 3.75%. “ |
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