Prime Rate Advance definition

Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

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Prime Rate Advance means an Advance in Canadian Dollars bearing interest based on the Prime Rate and includes availments that are deemed to be Prime Rate Advances under this Agreement.

Prime Rate Advance a portion of the Loans with respect to which the interest rate is determined by reference to the Prime Rate.

Examples of Prime Rate Advance in a sentence

In the event that the Borrower fails to reimburse the Issuing ▇▇▇▇▇▇ immediately upon a drawing and fails to provide a Notice of Borrowing with a different option, the Borrower shall be deemed to have requested from the Agent a Prime Rate Advance under the Revolving Facility Tranche A on the date and in the amount of the drawing, the proceeds of which will be used to satisfy the reimbursement obligations of the Borrower to the Lenders under the Revolving Facility Tranche A in respect of the drawing.
The interest payable in accordance with Section 5.1 and calculated in the manner described therein shall be payable to the Agent monthly, in arrears, on the last day of each month or on such other date (limited to once per month) as the Agent may determine and advise the Borrower from time to time, the first payment of which shall be payable on the last day of the month in which the first Prime Rate Advance or US Base Rate Advance, respectively, was made.

More Definitions of Prime Rate Advance

Prime Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

Prime Rate Advance means any Advance under this Note when and to the extent that its interest rate is determined by reference to the Prime Rate.

Prime Rate Advance means an Advance (other than a Competitive Bid Advance) that bears interest as provided in Section 2.08(a)(i).

Prime Rate Advance means an Advance which the Borrower requests to be made as a Prime Rate Advance or is reborrowed as a Prime Rate Advance, in accordance with the provisions of Section 2.2 hereof, which bears interest at the Prime Rate Basis and which shall be in a principal amount of at least $2,000,000.00, and in an integral multiple of $500,000.00.

Prime Rate Advance means any Advance bearing interest at the Prime Rate Basis.

Prime Rate Advance means an Advance or a Swing-Line Advance that bears interest based on the Prime Rate.

Prime Rate Advance means a loan made by the Canadian Lenders to Celestica or a Canadian Designated Subsidiary in Canadian Dollars on which interest is payable based on the Prime Rate plus the Applicable Margin;