Royal Bank Prime each means the annual rate of interest announced by the Bank from time to time as being a reference rate then in effect for determining interest rates on commercial loans made in Canadian currency in Canada;
Royal Bank Prime means the annual rate of interest announced by the Bank from time to time as being a reference rate then in effect for determining interest rates on Canadian Dollar commercial loans made in Canada;
Royal Bank Prime means the annual rate of interest announced from time to time by you as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans made in Canada. Any change in "Royal Bank Prime" will be effective as of the opening of business on the day such change takes place. Interest and fees are payable both before and after any or all of default, demand and judgment. In no event will interest and fees exceed the rate permitted by law. Fees. We will pay you fees in the amounts and at the times specified. Interest Act Disclosure. The annual rates of interest to which the rates calculated in accordance with this Agreement are equivalent, are the rates so calculated multiplied by the actual number of days in the calendar year and divided by 365. Demand Operating Loans and Temporary Demand Operating Loans The outstanding amount of a Demand Operating Loan or a Temporary Demand Operating Loan may revolve up to an amount equal to the lesser of the Maximum Amount specified and the amount calculated by you in accordance with the Margin Requirement, until the earlier of your demand for repayment or any Final Repayment Date specified with respect to such Loan. With respect to each Loan you are authorized (but not obliged):
Examples of Royal Bank Prime in a sentence
The loan bears interest at the Royal Bank Prime Rate plus 400 basis points.
The rate of interest payable on any overdraft in an Account will be Royal Bank Prime Rate plus 5% for Canadian dollar Accounts, and US Base Rate plus 5% per annum for US dollar Accounts, or the rate otherwise agreed to in writing by Royal Bank and the Customer.
The loan was to bear interest at the Royal Bank Prime Rate plus 400 basis points.
The School Board has available to it a $3,000,000 revolving demand credit facility to finance general operating requirements which bears interest at the Royal Bank Prime rate less 0.75% per annum.
The interest rate is calculated as the Royal Bank Prime rate plus 1.50% inclusive of EDC guarantee fees.
More Definitions of Royal Bank Prime
Royal Bank Prime means the annual rate of interest announced by the Bank from time to time as being a reference rate then in effect for determining interest rates on commercial loans made in Canadian currency in Canada, and “Cdn. $” means dollars of lawful currency of Canada. This Guaranty may be terminated only upon written notice to the Bank and only with respect to Liabilities thereafter incurred or arising. Any such termination shall not affect the liability of the Guarantor under this Guaranty with respect to Liabilities created or incurred prior to the effective date of such termination. Without limiting the foregoing, any such termination shall not relate to any approval given, commitment made or liability incurred by the Bank to or for the benefit of the Customer prior to the effective date of such termination even though not then matured, and upon any such termination, the Guarantor shall nevertheless remain liable with respect to all Liabilities, and the performance of all duties, created or arising theretofore or based on a commitment theretofore entered into or any approval, commitment or liability theretofore given, made or incurred to or for the benefit of the Customer to the full extent of the Guarantor’s liability therefor as provided herein. THE GUARANTOR FURTHER AGREES WITH THE BANK AS FOLLOWS:
Royal Bank Prime means the annual rate of interest RBC announces from time to time as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada; and "Transaction" means a transfer of funds from the Account to the Customer's business current account, made by RBC pursuant to section 3 of the Agreement. 2.
Royal Bank Prime means the annual rate of interest announced from time to time by you as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans made in Canada; and
Royal Bank Prime means the annual rate of interest announced from time to time by you as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans made in Canada. Any change in "Royal Bank Prime" will be effective as of the opening of business on the day such change takes place. Interest and fees are payable both before and after any or all of default, demand and judgment. In no event will interest and fees exceed the rate permitted by law. Fees. We will pay you fees in the amounts and at the times specified. Interest Act Disclosure. The annual rates of interest to which the rates calculated in accordance with this Agreement are equivalent, are the rates so calculated multiplied by the actual number of days in the calendar year and divided by 365. Demand Operating Loans and Temporary Demand Operating Loans The outstanding amount of a Demand Operating Loan or a Temporary Demand Operating Loan may revolve up to an amount equal to the lesser of the Maximum Amount specified and the amount calculated by you in accordance with the Margin Requirement, until the earlier of your demand for repayment or any Final Repayment Date specified with respect to such Loan. With respect to each Loan you are authorized (but not obliged): whenever there is a credit balance in the Revolvement Account that exceeds the sum of the Minimum Retained Balance plus the Minimum Revolvement Amount, to apply all or any part of such credit balance as a repayment on account of the Loan, and whenever the balance in the Revolvement Account is less than the Minimum Retained Balance, to make an advance on account of the Loan in an amount which is equal to the Minimum Revolvement Amount. Unless you otherwise agree in writing with us, no interest will be payable at any time upon a credit balance in the Revolvement Account. Demand Installment Loan(s) General. A Demand Installment Loan will not revolve. We will draw down the Original Amount specified with respect to a Demand Installment Loan, or such lesser amount as you may in your sole discretion determine, as soon as you confirm that such amount is available. Installment Payments. With respect to any Demand Installment Loan, we will (unless and until you make demand for repayment) make the specified Installment Payments. If the Installment Payments are blended payments of principal and interest ("Blended Payments"), they will first be applied to interest due and the balance, if any, will be applied to the outstanding princ...
Royal Bank Prime each means the annual rate of interest announced by the Bank from time to time as being a reference rate then in effect for determining interest rates on commercial loans made in Canadian currency in Canada; Schedule “B” to the agreement dated January 16, 0000 xxxxxxx Xxxxxxxxx-Xxxxxxx Xxxxxx Ltd., as Borrower, and Royal Bank of Canada, as the Bank. NOTICE REQUIREMENTS Amount Prior Notice BA’s By 10:00 a.m. PST on the prior day to Borrowing Libor Loans By 10:00 a.m. PST on two days prior to Borrowing Schedule “C” to the agreement dated January 16, 0000 xxxxxxx Xxxxxxxxx-Xxxxxxx Xxxxxx Ltd., as Borrower, and Royal Bank of Canada, as the Bank. BORROWING CONDITIONS Borrowings made otherwise than by way of RBP Loans or Overdrafts will be subject to the following terms and conditions: BAs:
Royal Bank Prime each means the annual rate of interest announced by the Bank from time to time as being a reference rate then in effect for determining interest rates on commercial loans made in Canadian currency in Canada; Schedule A _____________________________________________________________________________________________
Royal Bank Prime means the annual rate of interest announced from time to time by you as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans made in Canada. Any change in "Royal Bank Prime" will be effective as of the opening of business on the day such change takes place. Interest and fees are payable both before and after any or all of default, demand and judgement. In no event will interest and fees exceed the rate permitted by law.