Prime Rate Term Loans definition

Prime Rate Term Loans means any Term 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 Term Loans category set forth in the definition of the term Applicable Margin on a per annum basis in excess of the Prime Rate, and, (B) as to Eurodollar Rate Term Loans, to the rate equal to the Applicable Margin for the "Eurodollar Term Loans" category set forth in the definition of the term Applicable Margin on a per annum basis in excess of the Adjusted Eurodollar Rate and (ii) notwithstanding anything to the contrary contained above, the Applicable Margin otherwise used to calculate the Interest Rate for Prime Rate Term Loans and Eurodollar Rate Term Loans shall be the highest percentage set forth in the definition of the term Applicable Margin for each of the "Prime Rate Term Loans" and
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Prime Rate Term Loans in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and each reference to the term "Prime Rate Term Loan" in the Loan Agreement is hereby deleted and the term "Prime Rate Loan" is hereby substituted in each place therefor.
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Examples of Prime Rate Term Loans in a sentence

  • Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at a rate per annum which is five percentage points above the rate that is otherwise applicable thereto in the case of Advances or Prime Rate Term Loans (the “Default Rate”).

  • The Term Loan shall bear interest on the outstanding principal amount thereof from the date when made, continued or converted until paid in full at a rate per annum equal to (i) for Prime Rate Term Loans, the Prime Rate plus 1.50%, and (ii) for LIBOR Term Loans, the LIBOR Rate plus 4.00%.


More Definitions of Prime Rate Term Loans

Prime Rate Term Loans a Term Loan the interest on which is determined on the basis of the Prime Rate.
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Prime Rate Term Loans has the meaning set forth in Section 2.1(b).
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Prime Rate Term Loans means Prime Rate Loans that are Term Loans.
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Related to Prime Rate Term Loans

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

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • New Term Loans as defined in Section 2.24.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • 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.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • 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.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

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

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

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

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.