Prime Loan definition

Prime Loan means any Loan tied 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 any Loan bearing interest calculated by reference to the Prime Rate.

Examples of Prime Loan in a sentence

  • If the proposed Non- Prime Loan is a Fixed Rate Mortgage, the Ameriquest Parties’ Sales Personnel shall provide an oral disclosure in substantially the following form: “The loan we have been discussing is a [insert term of the loan] year fixed rate loan for $ [insert loan amount].

  • Though this has been beneficial to the consumers, it has not been of much help to the DISCOMs. With AT&C losses not showing much improvement, the continued trend of a steady tariff would not enable the DISCOMs to ensure increased repair and maintenance of an aged network and maintain quality supply.

  • If the above rate is not published prior to 3:00 p.m., New York City time, on the Calculation Date, the Prime Rate will be the rate on that Interest Determination Date as published in H.15 Daily Update under the heading " Bank Prime Loan".

  • If users suspect infection by a virus, they must immediately notify the Cetera Help Desk.

  • The Coast Ranges geomorphic province extends from near the Oregon border southward to the Santa Barbara area; the San Francisco Bay separates the northern and southern Coast Ranges (Schoenherr, 1995).


More Definitions of Prime Loan

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 plus the Applicable Margin.
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 means a Loan bearing interest at the Regular Rate.
Prime Loan means an Advance which is denominated in Canadian Dollars (including Canadian Overdrafts) and in respect of which a Borrower has elected to pay interest in accordance with Section 4.1(a) .
Prime Loan means a Single Family Mortgage Loan which is secured by a first-lien or second-lien Mortgage and is a Conforming Loan, FHA Loan or VA Loan.
Prime Loan means any loan under this Agreement bearing interest at a rate based upon the Prime Rate.