Prime Loan definition

Prime Loan means any Loan when and to the extent that the interest rate therefor is determined by reference to the Prime Rate.

Prime Loan or “Prime Loans” shall mean that portion, and collectively, those portions of the aggregate outstanding principal balance of the Loans that bear interest at the Prime Rate.

Prime Loan means a Loan bearing interest at the Regular Rate.

Examples of Prime Loan in a sentence

• Borrower may request that a Loan be a LIBOR Loan, if herein allowed (including conversion of a Prime Loan to a LIBOR Loan, or continuation of a LIBOR Loan as a LIBOR Loan upon the expiration of the Interest Period).

• While, in hindsight, it would have beenpreferable for counsel to have addressed Hayes in open court, because of the state’s Brady failures, counsel could not have known that at the time.

• A request for a Prime Loan must be received by no later than 11:00 a.m. Chicago, Illinois time, on the day it is to be funded.

• It appears to me that the Board has a sufficiently rigorous process for selecting approved providers, and this process is being followed.

• The proceeds of each Prime Loan or LIBOR Loan shall be made available at the office of the Bank by credit to the account of the Borrower or by other means requested by the Borrower and acceptable to the Bank.

More Definitions of Prime Loan

Prime Loan means any Loan tied to the Prime Rate.

Prime Loan means an Advance in, or Conversion into, Canadian Dollars made by the Applicable Lenders to a Borrower under a Credit Facility with respect to which the applicable Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the Prime Rate.

Prime Loan or “Prime Loans” shall mean that portion, and collectively, those portions of the aggregate outstanding principal balance of the Loans that bear interest at the Prime Rate plus the Applicable Margin.

Prime Loan means a Receivable classified by the Originator and the Seller at origination as a “Prime Loan” in accordance with the Originator’s Underwriting Policy and the Credit and Collection Policy, that has been assigned a LendingClub loan grade in accordance with the foregoing, and that satisfies the “Credit Criteria” for such “Receivables Product” as each of the foregoing terms is defined in the Receivables Purchase Agreement.

Prime Loan means any Loan tied to the Prime Rate. A Loan hereunder shall be a Prime Loan any time it is not a LIBOR Loan.

Prime Loan means any loan under this Agreement bearing interest at a rate based upon the Prime Rate.

Prime Loan means an Advance in Cdn. Dollars for which the Prime Rate is the reference interest rate;