Prime Rate Revolving Loan definition

Prime Rate Revolving Loan means a Revolving Loan or any portion thereof during any period in which it bears interest at a rate determined with reference to the Prime Rate.
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Prime Rate Revolving Loan means a Revolving Loan that bears interest based on the Prime Rate.
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Prime Rate Revolving Loan means a Revolving Loan that is a Prime Rate Loan.
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Examples of Prime Rate Revolving Loan in a sentence

  • Each Lender shall transfer its Pro Rata Share of the requested Borrowing to the Agent in immediately available funds (in CDN Dollars if the requested Borrowing is a Prime Rate Revolving Loan or a BA EquivalentCORRA Revolving Loan and in U.S. Dollars if the requested Borrowing is a Base Rate Revolving Loan or a SOFR Revolving Loan), to the account in Canada from time to time designated by the Agent, not later than 1:00 p.m. (Toronto time) on the applicable Funding Date.

  • Each drawing CAN_DMS: \1004512673\9 under any Letter of Credit denominated in Canadian Dollars shall constitute a request by the Borrowers to the Agent for a Borrowing of a Prime Rate Revolving Loan in the amount of such drawing.


More Definitions of Prime Rate Revolving Loan

Prime Rate Revolving Loan means a Revolving Loan which bears interest based on Prime Rate.
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Prime Rate Revolving Loan means any Revolving Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms hereof.
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Prime Rate Revolving Loan means any portion of the Revolving Loan that bears interest based on the Revolving Loan Prime Rate during any period.
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Prime Rate Revolving Loan has the meaning set forth in Section 2.1(a).
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Prime Rate Revolving Loan means a Revolving Loan that is a Prime Rate Loan and "PRIME RATE TERM LOAN" shall mean a Term Loan that is a Prime Rate Loan.
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Related to Prime Rate Revolving Loan

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • 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 Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

  • Canadian Prime Rate Loan means a Loan that bears interest based on the Canadian Prime Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).