Floating Prime Rate Loan definition

Floating Prime Rate Loan means, as of any date of determination, a Loan where the Loan Rate payable by the Obligor thereof in respect of the majority of the Outstanding Loan Balance of such Loan is based on the Underlying Prime Rate plus some specified percentage in addition thereto, and the Loan provides that such Loan Rate will reset upon any change in the related Underlying Prime Rate.
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Floating Prime Rate Loan means a Loan where the Loan Rate payable by the Obligor thereof is based on the CapitalSource Prime Rate plus some specified percentage in addition thereto, and the Loan provides that such Loan Rate will reset immediately upon any change in the related CapitalSource Prime Rate and no Election Rate Loan shall be considered a Floating Prime Rate Loan; provided, however, that for purposes of the Issuer's obligation to maintain in effect Hedge Transactions as provided in Section 3.32(a)(iv) of the Indenture, the Loans to Magellan Torrance, Mission Center Office Park and Santa Xxxxxx Realty Trust shall be deemed to be Floating Prime Rate Loans.
Sample 1
Floating Prime Rate Loan means a Loan where the Loan Rate payable by the Obligor thereof is based on the CapitalSource Prime Rate plus some specified percentage in addition thereto, and the Loan provides that such Loan Rate will reset immediately upon any change in the related CapitalSource Prime Rate; provided, however, notwithstanding the foregoing, (i) the Loan to Wicks shall not be deemed to be a Floating Prime Rate Loan and (ii) the Loan to SCIF Bedhill LLC and the Loan to SCIF PCH LLC, SCIF Torrance I, LLC, Sebring Senior Care, LLC and Sebring Healthcare Investors, LLC shall be deemed to be Floating Prime Rate Loans.
Sample 1

Related to Floating Prime Rate Loan

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

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

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.