Loan Prime Rate definition

Loan Prime Rate means, with respect to any Loan the rate designated as the “prime rate” or “base rate,” as and when determined in accordance with the Required Loan Documents for such Loan.
View Source

Examples of Loan Prime Rate in a sentence

  • Loan Prime Rate, shall mean the loan prime rate published by the National Interbank Funding Center.

  • Except as otherwise provided in Section 2.9(b), prior to the Maturity Date, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: Each Prime Rate Loan Prime Rate plus the Applicable Margin.

  • The annual interest rate is 8%, i.e. the one-year LPR issued by the National Inter-bank Funding Center plus 415bps (1bps = 0.01%) on the date of issuance of the latest Loan Prime Rate (hereinafter referred to as “LPR”) before the signing date of this Contract (20th of each month, postponed on holidays).

  • Any voluntary or mandatory prepayment of a Base Rate Loan, Prime Rate Loan or Libor Loan shall be accompanied by payment of all other amounts due and payable on the date of payment in respect of such principal amount being so paid (including, without limitation, amounts due and owing under section 3.10, if any).

  • The annual interest rate is 8%, i.e. the (☐ one-year LPR / ☐ LPR over five years) issued by the National Inter-bank Funding Center (☐ plus/☐ minus) 435bps (1bps = 0.01%) on the date of issuance of the latest Loan Prime Rate (hereinafter referred to as “LPR”) before the signing date of this Contract (20th of each month, postponed on holidays).

  • During the overdue period, if there is an adjustment to the LPR (Loan Prime Rate), the penalty interest rate will also be adjusted accordingly as stipulated in Article 2 of this contract.

  • During the overdue period, if there is an adjustment to the LPR (Loan Prime Rate), the penalty interest rate will also be adjusted accordingly as stipulated in Article 3 of this contract.

  • This is determined based on the most recently published 1-year Loan Prime Rate (LPR) as of the day before the contract takes effect, plus 5.00000 basis points (LPR is the loan market quotation rate published by the National Interbank Funding Center, with 1 basis point = 0.01%).

  • Except as otherwise provided in Section 2.7(b), prior to the Maturity Date, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: Each Prime Rate Loan Prime Rate plus the Applicable Margin.

  • Borrowers hereby jointly and severally promise to pay interest on the unpaid principal amount of Term Loan A as provided in Section 3.1 below at the floating per annum rate of interest equal to the Prime Rate plus the Term Loan Prime Rate Margin for the period commencing on the date such Loan is disbursed until the date such Loan is paid in full.