Common use of Prime Rate Loans Clause in Contracts

Prime Rate Loans. Interest shall accrue on each Prime Rate Loan at an annual rate equal to the Prime Rate plus the Applicable Prime Rate Margin, said rate to change contemporaneously with any change in the Prime Rate.

Appears in 8 contracts

Samples: Credit Agreement (Protective Life Insurance Co), Credit Agreement (Protective Life Corp), Credit Agreement (Protective Life Insurance Co)

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Prime Rate Loans. Interest shall accrue on each Prime Rate Loan at an annual rate equal to the Prime Rate plus the Applicable Prime Rate MarginRate, said rate to change contemporaneously with any change in the Prime Rate.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

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