Prime Rate Drawdowns and Base Rate Drawdowns Sample Clauses

Prime Rate Drawdowns and Base Rate Drawdowns. Subject to the terms and conditions of this Agreement, the Borrower shall be entitled to Prime Rate Drawdowns or Base Rate Drawdowns by giving a Drawdown Notice to the Agent by 10:00 a.m. (Calgary time) on no less than the number of Business Days prior to the proposed Drawdown Date set forth below: Amount of Drawdown (U.S.) Number of Business Days $0 - $10,000,000 one $10,000,001 - $50,000,000 two Greater than $50,000,000 three where the Amount of Drawdown shall be based upon the currency of the Advance proposed in the Drawdown Notice (or, where a Prime Rate Drawdown is requested, on the Equivalent Amount in U.S. Dollars) and more than one Drawdown Notice in respect of the same Drawdown Date shall for the purposes of this subsection be considered one Drawdown Notice.
Sample 1
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Related to Prime Rate Drawdowns and Base Rate Drawdowns

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Prime Rate Advances Each change in the interest rate of the Prime Rate Advances based on changes in the Prime Rate shall be effective on the effective date of such change and to the extent of such change.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Alternate Base Rate Loans During such periods as Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

  • Revolving Credit Interest Rate Options The Borrower shall have the right to select from the following Interest Rate Options applicable to the Revolving Credit Loans:

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

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