Examples of Prime Borrowings in a sentence
All Canadian Swingline Loans shall be Canadian Prime Borrowings or ABR Borrowings, as applicable.
All Protective Advances denominated in dollars (other than Protective Advances to the UK Borrower) shall be ABR Borrowings, all Protective Advances denominated in Canadian Dollars shall be Canadian Prime Borrowings and all Protective Advances denominated in Euros or Sterling and all Protective Advances to the UK Borrower denominated in dollars shall be Overnight LIBO Borrowings.
To the extent that, at any time, there are other Obligations besides Advances which are outstanding and unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Line of Credit.
All Borrowings obtained on the Closing Date and for a period of three (3) Business Days thereafter shall be Prime Borrowings.
The Applicable Rate on Prime Borrowings shall change with each change in the Prime Rate, effective as of the opening of business on the Business Day of such change.
Any payment made by a Revolving Credit Lender pursuant to this Section 2.19(5) to reimburse an LC Issuer for any LC Disbursement (other than the funding of Canadian Prime Borrowings or Base Rate Borrowings as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.
All ---------------------------------------------------- Borrowings obtained on the Closing Date and for a period of two (2) Business Days thereafter shall be Prime Borrowings.
All Borrowings denominated in Canadian dollars shall be either Canadian Prime Borrowings or CDOR Borrowings.
Each such adjustment shall apply to all Prime Borrowings then existing and any made during the period for which such adjustment becomes effective; and such adjustment shall apply only to LIBOR Borrowings made (including conversions and continuations) within such period (but not to any then existing).
Any payment made by a Lender pursuant to this Section 2.19(5) to reimburse the Issuing Bank for any LC Disbursement (other than the funding of Canadian Prime Borrowings, Base Rate Borrowings, or Swingline Borrowings as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.