Prime Credit Line definition

Prime Credit Line means any Credit Line with an Approved Amount less than $100,000.
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Prime Credit Line means any Credit Line with an Approved Amount less than $250,000.
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Prime Credit Line means any Credit Line with an Approved Amount less than $100,000. UBS Bank USA Variable Credit Line Account Number (if applicable) 5V 57978 CP Fixed Credit Line Account Number: (if applicable) 5F SS#/TIN Internal Use Only Credit Line Agreement
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Examples of Prime Credit Line in a sentence

  • The Bank and the Borrower acknowledge and agree that notwithstanding anything to the contrary in the Agreement: (a) the Borrower shall not request and the Bank shall not make a Fixed Rate Advance; and (b) there shall be no Prime Credit Line facilities available under the Agreement.

  • On each date that the Prime Rate changes or the aggregate principal amount outstanding under the Prime Credit Line crosses one of the thresholds that is indicated on Schedule II (or that is otherwise specified by the Bank in writing), the interest rate on all Variable Rate Advances will change accordingly.

  • For Prime Credit Lines, the rate of interest payable on Variable Rate Advances is subject to change without notice in accordance with fluctuations in the Prime Rate and in the aggregate amount outstanding under the Prime Credit Line.

  • The Bank and the Borrower acknowledge and agree that notwithstanding anything to the contrary in the Agreement: (a) the Borrower shall not request and the Bank shall not make a fixed Rate Advance; and (b) there shall be no Prime Credit Line facilities available under the Agreement.

  • Section 4 c) of the Agreement is deleted in its entirety and replaced with the following: “Each Variable Rate Advance under a Prime Credit Line will bear interest at a variable rate equal to LIBOR, adjusted daily, plus the percentage rate that (unless otherwise specified by Credit Corp.

  • Section 4 c) of the Agreement is deleted in its entirety and replaced with the following: “Each Variable Rate Advance under a Prime Credit Line will bear interest at a variable rate equal to LIBOR, adjusted daily, plus the percentage rate that (unless otherwise specified by the Bank in writing) is shown on Schedule I below for the Approved Amount of the Credit Line.