Document ID: 16289

Text:
Base Rate means for any day a fluctuating rate per annum equal to the highest of (a) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its prime rate; (b) the Federal Funds Rate for such day, plus 0. 50% ; and (c) the LIBOR Rate for a one- month Interest Period plus 1.0% . The prime rate is a rate set by Bank of America based upon various factors including Bank of Americas 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 Bank of Americas prime rate, the Federal Funds Rate or the LIBOR Rate, respectively, shall take effect at the opening of business on the day specified in the public announcement of such change.

Named Entities:
56
59
Percentage
76
79
Percentage

Tokenized Text:
Base
Rate
means
for
any
day
a
fluctuating
rate
per
annum
equal
to
the
highest
of
(
a
)
the
rate
of
interest
in
effect
for
such
day
as
publicly
announced
from
time
to
time
by
Bank
of
America
as
its
prime
rate
;
(
b
)
the
Federal
Funds
Rate
for
such
day
,
plus
0
.
50
%
;
and
(
c
)
the
LIBOR
Rate
for
a
one
-
month
Interest
Period
plus
1
.
0
%
.
The
prime
rate
is
a
rate
set
by
Bank
of
America
based
upon
various
factors
including
Bank
of
Americas
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
Bank
of
Americas
prime
rate
,
the
Federal
Funds
Rate
or
the
LIBOR
Rate
,
respectively
,
shall
take
effect
at
the
opening
of
business
on
the
day
specified
in
the
public
announcement
of
such
change
.