Prime Rate Portion definition

Prime Rate Portion means that portion of the Loan which will bear interest computed with reference to the Prime Rate.

Prime Rate Portion means at any time the part, including ------- ------------------ the whole, of the unpaid principal amount of the Revolving Note bearing interest at such time under the Prime Rate Option, in accordance with the first sentence of Section 2.03(d) hereof, or in accordance with Section 2.03(f) hereof. "Libor ----- Rate Portion" shall mean at any time, the part, including the whole, of the ------------ unpaid principal amount of the Revolving Note bearing interest at such time under the Libor Rate Option or in accordance with the second sentence of Section 2.03(d) hereof.

Prime Rate Portion shall have the meaning given such term in Section 2.7(a) hereof.

Examples of Prime Rate Portion in a sentence

• Any change in the interest rate on the Prime Rate Portion resulting from a change in the Prime Rate shall be effective on the date of the relevant change in the Prime Rate.

• If any request is made to convert a LIBOR Portion into the Prime Rate Portion, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto.

• The Customer shall notify the Bank by 11:00 a.m. (Chicago time) at least 3 Business Days prior to the date upon which the Customer requests that any LIBOR Portion be created or that any part of the Prime Rate Portion be converted into a LIBOR Portion (each such notice to specify in each instance the amount thereof and the Interest Period selected therefor).

• Borrower shall have the right at its option from ------------------- time to time to prepay the Prime Rate Portion in whole or in part without penalty or premium.

• Each Loan shall initially constitute part of the Prime Rate Portion (as described in paragraph no.

More Definitions of Prime Rate Portion

Prime Rate Portion or "ABS-Rate Portion" shall mean at any time the part, including the whole, of the unpaid principal amount of the Note bearing interest at such time under the Prime Rate Option or the ABS Rate Portion or in accordance with the first sentence of Section 5 of this Supplement. "Euro-Rate Portion" shall mean at any time, the part, including the whole, of the unpaid principal amount of the Note bearing interest at such time under the Euro-Rate Option.

Prime Rate Portion means the Principal Balance of a Loan and all other Obligations other than the portion thereof consisting of LIBOR Rate Loans.

Prime Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole of such Loan or Loans bearing interest at any time under the Prime Rate Option. If no Loan or Loans is specified, "Prime Rate Portion" shall refer to the Prime Rate Portion of all Loans outstanding at such time.

Prime Rate Portion means the ------------------ aggregate outstanding principal amounts of all Loans less the Libor Rate Portion.

Prime Rate Portion means any portion of the unpaid principal balance of the Loan which is not a Fixed Rate Portion. "Prime Rate Spread" means: (a) for any and all times through the Conversion Date, zero; and (b) for any and all times after the Conversion Date, one-quarter of one percentage point.

Prime Rate Portion of any Borrowing or Borrowings shall mean at any time the portion, including the whole, of such Borrowing or Borrowings bearing interest at such time under the Prime Rate Option. If no Borrowing or Borrowings is specified, "Prime Rate Portion" shall refer to the Prime Rate Portion of all Borrowings outstanding at such time.

Prime Rate Portion. At any time, the part, including the whole, of the unpaid principal amount of the Note bearing interest at such time under the Prime Rate Option, or in accordance with the first sentence under the heading "Available Interest Rate Option" set forth in Section 2.3(d) or Section 2.3(f) hereof.