Royal Bank Prime definition

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;
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Royal Bank Prime means the annual rate of interest announced by the Royal Bank of Canada 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.
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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):
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Examples of Royal Bank Prime in a sentence

  • The credit facility bears interest at the Royal Bank Prime Rate plus 0.30%.

  • 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 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 credit facility bears interest of 0.75% plus Royal Bank Prime rate on Canadian loans and US Prime rate plus 0.75% on US loans.

  • The interest rate is calculated as the Royal Bank Prime rate plus 1.50% inclusive of EDC guarantee fees.

  • The loan was to bear interest at the Royal Bank Prime Rate plus 400 basis points.

  • The credit facility bears interest at the Royal Bank Prime Rate plus 0.30% .

  • EC3EA2M Elective from bunch A- Basic Econometrics NAME OF THE COURSE: EC3C11M INTERNATIONAL TRADE THEORY AND POLICY DURATION: ONE SEMESTER TOTAL LECTURE HOURS: 90Aim of the course:The objective of this course is to enable students to have a deep understanding of the rationale for international trade and have a basic comprehension of trade policies and trade agreements by countries in the current world .

  • The City has adopted a revenue anticipation borrowing bylaw to support a credit facility in the amount of$6,000,000 with an interest rate of Royal Bank Prime Rate less 0.5%.


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:
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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. 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. Borrowings made otherwise than by way of RBP Loans or Overdrafts will be subject to the following terms and conditions:
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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...
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Royal Bank Prime means the annual rate of interest announced from time to time by the Royal Bank of Canada as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada. This promissory note is made and delivered pursuant to the provisions of a share purchase agreement made the first day of October, 1996 between Xxxxxxxx-Xxx Holdings Inc. ("Xxxxxxxx-Xxx"), the Creditor, Xxxxxxx Xxxxxxxx, Xxxxx Xxxxxxxx and the Debtor (the "Share Purchase Agreement"). Pursuant to the provisions of the Share Purchase Agreement, Xxxxxxxx-Xxx entered into a management agreement with Magic Lantern Communications Ltd. ("Magic Lantern") dated the first day of October, 1996 (the "Management Agreement"), wherein Xxxxxxxx-Xxx covenants and agrees to provide the managerial services of Xxxxxxx Xxxxxxxx to Magic Lantern. Further pursuant to the provisions of the Share Purchase Agreement, Xxxxxxx Xxxxxxxx entered into an employment agreement with Magic Lantern dated the first day of October, 1996 (the "Employment Agreement"). Payment shall be made in accordance with the following schedule:
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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
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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.
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Related to Royal Bank Prime

  • Royal Bank means Royal Bank of Canada.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • JPMorgan means JPMorgan Chase Bank, N.A.

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

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • KeyBank means KeyBank National Association.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • JPMCB means JPMorgan Chase Bank, N.A. and its successors.

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • Rabobank means Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • CIBC means Canadian Imperial Bank of Commerce.

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Treasury Management Bank means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party and (b) any Lender or Affiliate of a Lender that is a party to a Treasury Management Agreement with any Loan Party in existence on the Closing Date.

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Non-Reporting Financial Institution means any Financial Institution that is: