Prime Borrowing Rate definition

Prime Borrowing Rate means a variable per annum rate equal to the Prime Rate.
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Prime Borrowing Rate means the Prime Rate plus one-half of one percent (0.50%). The Prime Borrowing Rate shall be adjusted without notice effective on each date the Prime Rate changes.
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Prime Borrowing Rate means a variable interest rate equal to the Prime Rate minus three-quarters of one percent (0.75%) per annum. The Prime Borrowing Rate shall be adjusted without notice effective on each day the Prime Rate changes.
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Examples of Prime Borrowing Rate in a sentence

  • Following the date of the Non-Employee Director’s Termination of Service and prior to the payment of the second installment, the Deferred Cash Compensation Account will be credited with interest on a monthly basis at Prime Borrowing Rate.

  • Subsequently, the lease asset is amortized as a component of depreciation expense on a straight-line basis over the shorter of the lease term or the useful life of the underlying asset.The County used the Federal Prime Borrowing Rate at lease inception as the discount rate for leases unless the rate that the lessor charged was known.

  • The County used the Federal Prime Borrowing Rate in effect at the date of the lease inception (3.3%) to calculate the present value of rent receipts when the rate implicit in the lease is not known when the County is the lessor.

  • The Board establishes the Prime Borrowing Rate for calendar year 2022 at a two (2) percent interest rate.

  • The school district generally uses the Federal Prime Borrowing Rate at lease inception as the discount rate for leases unless the rate that the lessor charges is known.

  • Thus, although the Employer's ambiguous statements arguably may indicate that it believed the Union had majority support, those state- ments are insufficient to confer 9(a) status upon the Union without actual demonstration of that majority status.

  • Unless the Non-Employee Director elects to receive a distribution in the form of shares of Stock, then following the date of the Non-Employee Director’s Termination of Service and prior to the date on which the DSUs are paid in full, the unpaid DSUs will be credited with interest on a monthly basis at the Prime Borrowing Rate.

  • Each lease has an option to renew but there is no guarantee these options will be exercised.The County uses the Federal Prime Borrowing Rate at lease inception to calculate the present value of lease rental payments since a rate implicit in the leases is not a part of the lease contract.

  • Subject to Section 4.9 herein, Borrower shall pay interest from the date of the Acquisition Note on the principal amount thereof remaining unpaid from time to time at a per annum rate of interest equal to the applicable Prime Borrowing Rate for any Prime Rate Borrowing, and at the applicable LIBOR Borrowing Rate for any LIBOR Rate Borrowing, pursuant to the other terms and conditions hereof and subject to adjustment as set forth in Section 4.1 of this Agreement.

  • Subject to Section 4.9 herein, Borrower shall pay interest on the principal amount of the Term Loan remaining unpaid from time to time at a per annum rate of interest equal to the applicable Prime Borrowing Rate for any Prime Rate Borrowing, and at the applicable LIBOR Borrowing Rate for any LIBOR Rate Borrowing, pursuant to the other terms and conditions of this Agreement and subject to adjustment as set forth in Section 4.1 of this Agreement.


More Definitions of Prime Borrowing Rate

Prime Borrowing Rate. Prime Rate" and "Prime Rate Borrowing" are hereby amended to constitute references to "Reference Borrowing Rate," "Reference Rate" and "Reference Rate Borrowing," respectively.
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Prime Borrowing Rate means the (i) the Prime Rate; minus (ii) 150 basis points (1.50% per annum).
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Related to Prime Borrowing Rate

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

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

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

  • 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.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.