Prime Rate Loan definition
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 means any Loan that bears interest with reference to the Prime Rate.
Prime Rate Loan means any Revolving Credit Loan bearing interest at a rate determined by reference to the Prime Rate or the Canadian Prime Rate, as the case may be, in accordance with the provisions of Article II.
Examples of Prime Rate Loan in a sentence
If such written notice is timely given, each Advance shall cease being a Term SOFR Loan as of the first day of the next succeeding Interest Period and shall convert to a Prime Rate Loan from and after such day.
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 any Loan which bears interest at a rate determined by reference to the Prime Rate.
Prime Rate Loan means each Loan bearing interest at the rate provided in section 2.7(a).
Prime Rate Loan means the portion of the Advances that 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 a Canadian Prime Rate Loan, a US Index Rate Loan, or a Domestic Prime Rate Loan, as the context may require.
Prime Rate Loan means a Loan designated or redesignated as a Prime Rate Loan in accordance with Article 2, or converted to a Prime Rate Loan in accordance with Section 3.3(a).