Prime Rate Loan means any Term Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.
Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.
Prime Rate Loan. Loans the rate of interest of which is based upon the Prime Rate.
Examples of Prime Rate Loan in a sentence
At any time prior to the Maturity Date, subject to Section 6.3, the Borrower may elect to repay without penalty any Prime Rate Loan or US Base Rate Loan outstanding under the Credit Facility with interest accrued to the date of such repayment.
The applicable rate of interest for a Prime Rate Loan will change simultaneously with any change in the Prime Rate or the Applicable Margin.
On each Interest Payment Date in respect of a Prime Rate Loan, the Borrower shall pay to the Agent interest at the Prime Rate.
More Definitions of Prime Rate Loan
Prime Rate Loan means any Loan in Canadian Dollars with respect to which interest is calculated under this Agreement for the time being on the basis of the Prime Rate.
Prime Rate Loan means the Floating Rate Components of the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.
Prime Rate Loan means a Loan which bears interest at a rate determined by reference to the Prime Rate.
Prime Rate Loan means a Canadian dollar loan on which interest is calculated by reference to Prime Rate.
Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Section 2.