Domestic Prime Rate Loan definition

Domestic Prime Rate Loan means a Loan that bears interest based on the Prime Rate.
Sample 1Sample 2Sample 3
Domestic Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Base Rate in accordance with the provisions of Section 2.3.
Sample 1Sample 2Sample 3
Domestic Prime Rate Loan means a Loan that bears interest based on the U.S. Prime Rate. “Domestic Swing Line Note” means the promissory note of the Domestic Borrowers substantially in the form of Exhibit C-4, payable to the order of the applicable Swing Line Lender, evidencing the Swing Line Loans made by such Swing Line Lender to the Domestic Borrowers.
Sample 1

Examples of Domestic Prime Rate Loan in a sentence

  • Any amount which is added to the principal balance of the applicable Loan Account as provided in this Section 2.02(c) shall be deemed to be a Domestic Prime Rate Loan, US Index Rate Loan or a Canadian Prime Rate Loan, as applicable.

Related to Domestic Prime Rate Loan

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.