Prime Borrowings definition

Prime Borrowings means those Borrowings which Borrower elects, pursuant to Section 2.2.1, to bear interest at a rate per annum determined by reference to the Prime Rate.
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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.

  • All ---------------------------------------------------- Borrowings obtained on the Closing Date and for a period of two (2) Business Days thereafter shall be Prime Borrowings.

  • Accrued interest on any Prime Borrowings at the Applicable Rate shall be due and payable monthly in arrears, on the first day of each calendar month, for the preceding calendar month (or portion thereof), commencing on the first day of the first calendar month following the Closing Date, and at maturity.

  • Accrued interest on any LIBOR Borrowings shall be due and payable at the Applicable Rate on the same dates as are prescribed for the payment of accrued interest on Prime Borrowings and, additionally, at the expiration of each Interest Period corresponding to such Borrowings, and at maturity.

  • To the extent that, at any time, there are other Obligations besides the Term Loan which are outstanding and unpaid, such Obligations shall, unless any Note evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Term Loan.

  • Tenant shall, upon request by ▇▇▇▇▇▇▇▇, deliver to Landlord any other approvals, opinions, documents or information relating to the NHCC Project (including diligence relating to the Additional ▇▇▇▇▇▇▇▇▇▇ Parcel) that Landlord reasonably requests from time to time.