Royal Bank of Canada Prime Rate definition

Royal Bank of Canada Prime Rate as used herein means the annual rate of interest announced from time to time by Royal Bank of Canada as a reference rate then in effect for determining interest on Canadian dollar loans made in Canada.
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Royal Bank of Canada Prime Rate means the annual rate of interest announced from time to time by Royal Bank of Canada or any successor thereto as a reference rate of interest then in effect for determining interest on Canadian dollar loans made in Canada and commonly known as its ‘prime rate’.
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Royal Bank of Canada Prime Rate means the rate of interest, expressed as a percentage per annum, published and quoted by Royal Bank of Canada's Toronto, Ontario, Head Office and which is commonly known as the prime lending rate for commercial loans in Canadian Dollars.
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Examples of Royal Bank of Canada Prime Rate in a sentence

  • The initial interest rate is set when the loan is conditionally approved and will be reset at the Royal Bank of Canada Prime Rate plus 0.5% at each of the 10th, 15th and 20th anniversary dates.

  • The GMAC facility defines Prime Rate as the greater of the Royal Bank of Canada Prime Rate (“RBC Prime”) or 4.00%.

  • View the Royal Bank of Canada Prime Rate on the date of this offer.

  • Paret C, Kluetsch R, Ruf M, Demirakca T, Hoesterey S, Ende G, Schmahl C (2014): Down- regulation of amygdala activation with real-time fMRI neurofeedback in a healthy female sample.

  • If on the maturity of the term hereof the Borrower does not either discharge the loan secured hereby or enter into a renewal agreement with the Lender, then the Lender may, at its option, by notice in writing to the Borrower, extend the term of the loan for a further term of six months at an interest rate equal to the Royal Bank of Canada Prime Rate (as hereinafter defined) plus 1% per annum.

  • Thus, your available balance may not reflect the most recent deposits to your account.

  • APR 3.09% based on today's Royal Bank of Canada Prime Rate of 2.25%.

  • Royal Bank of Canada Prime Rate may change at any time without notice.

  • The Credit Facility matures in June 2025 and bears interest at the rate of the greater of 9.50% or the Royal Bank of Canada Prime Rate plus 7.05% per annum.

  • The loans would be repayable upon demand, the interest determined "from time to time" (subject to a maximum of the Royal Bank of Canada Prime Rate plus 5%).

Related to Royal Bank of Canada Prime Rate

  • Bank of America means Bank of America, N.A. and its successors.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • 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.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.