Prime Loans definition

Prime Loans means 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 Loans. Loans the rate of interest applicable to which is based upon the Prime Rate.

Prime Loans and each such advance shall be a "Prime Loan." Each Prime Loan shall bear interest at an annual rate equal to the sum of 0.000% plus the Bank's Prime Rate. "Prime Rate" shall mean the rate of interest publicly announced by Bank from time to time in Inglewood, California, as its prime rate for lending. The Prime Rate is not intended to be the lowest rate of interest charged by Bank in connection with extensions of credit to borrowers.

Examples of Prime Loans in a sentence

• Prime Loans Raise Significant Verification and Ability to Repay Concerns Example 1:28 Ms. Avonia Carson is a 66-year-old African American woman.

• Upon maturity, the Tranche B credit facility was extended to February 5, 2021 with borrowing options by way of fixed rate of 3.305%, Prime Loans or Bankers' Acceptances following the same cost structure as stated in Tranche A.

• Prime Loans, USBR Loans, US Prime Rate Loans and Bankers' Acceptance greater than $10 million Before 11:00 a.m. two Business Days prior to the requested Drawdown Date.

• Subject to the Letter of Credit Sub-Line limitation, the F/X Contract Sub-Line limitation, the Borrowing Base limitations and the other limitations on Loans and Borrowings as provided in this Agreement, each Borrowing shall be comprised entirely of Canadian Prime Loans, Bankers Acceptances, B/A Equivalent Loans, Base Rate Loans, LIBO Rate Loans and/or the delivery of Letters of Credit Guarantees or the entry into F/X Contracts as the Borrower may request in accordance herewith.

• Unless otherwise agreed by the Bank, each repayment and prepayment of Eurodollar Loans and Prime Loans shall be made on Business Days at the times and in the amounts applicable to Eurodollar Rate Loans and Base Rate Committed Loans, respectively, under the Credit Agreement.

More Definitions of Prime Loans

Prime Loans means, individually and collectively, each portion of the outstanding principal amount hereof that bears interest at the Prime Rate.

Prime Loans means the loans made available by the Lenders to the Borrower pursuant to Section 3.3, 3.8 or 3.9 with respect to which the Borrower has agreed to pay interest thereon in accordance with Section 5.1 or which are made available to the Borrower by the Lenders as a result of applying Section 3.5(g) or 3.7(d);

Prime Loans means the advances in Canadian dollars made by the Lender to the Borrower pursuant to Section 2.03(a) and on which the Borrower has agreed to pay interest in accordance with Section 3.01 but excluding, for certainty, Swingline Loans;

Prime Loans means all or the portion of any Loan which bears interest at the Prime Rate plus the Prime Rate Margin.

Prime Loans means Loans under the Agreement (and this Addendum) at such time as they are made or maintained at an interest rate based upon the Prime Rate.

Prime Loans means the advances or any portion thereof made available by the Lenders to the Borrower pursuant to either Section 3.5, 3.8, 3.11, 3.12 or 3.16 and outstanding from time to time, which are denominated in Canadian Dollars and on which the Borrower has agreed to pay interest in accordance with Section 5.1; 9617679.9

Prime Loans means the Accommodations or any portion thereof made available by the Lenders to the Borrower pursuant to Section 3.4, and outstanding from time to time, which are denominated in Canadian Dollars and on which the Borrower has agreed to pay interest in accordance with Section 5.1;