TD Prime Rate definition

TD Prime Rate means the floating annual rate of interest established from time to time by the Toronto-Dominion Bank as the reference rate it will use to determine rates of interest payable to the Toronto-Dominion Bank by commercial borrowers from it of Canadian dollar loans in Canada and designated by it as its “prime rate”.
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TD Prime Rate means the floating annual interest rate announced from time to time by The Toronto-Dominion Bank as its reference rate of interest for the determination of interest rates that it will charge to customers of varying degrees of creditworthiness for Canadian dollar loans made by it in Toronto, Ontario.
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TD Prime Rate means the floating annual interest rate announced from time to time by The Toronto-Dominion Bank as its reference rate of interest for the determination of interest rates that it will charge to customers of varying degrees of creditworthiness for Canadian dollar loans made by it in Xxxxxxx, Xxxxxxx.
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Examples of TD Prime Rate in a sentence

  • A change in the TD Prime Rate, which affects the Variable Annual Interest Rate, is not an amendment to the terms of this Agreement that requires your consent.

  • The Principal Amount will be advanced on: Fourth (4th) business day from the Date of Agreement (the "Date of Advance") Interest on the Principal Amount is calculated at: Variable Annual Interest Rate: TD Prime Rate % per annum (TD Prime Rate today) + % per annum (the "Spread" today) = % per annum (Variable Annual Interest Rate today).

  • We calculate those variable rates by adding a fixed margin annual interest rate (Fixed Rate) to the TD Prime Rate.

  • This amount assumes that you make no prepayments, and that TD Prime Rate does not change from the rate in effect at the Date of Agreement.

  • Your annual interest rate is based on a Fixed Rate margin plus the TD Prime Rate.

  • Interest is charged and calculated on a daily basis and payable on each Payment Due Date.Determination of InterestYour interest rate is expressed as today's TD Prime Rate* plus a rate variance.

  • The Application shall identify the amount of the damages or losses (the "Claim Amount") and shall include proof that such damage or loss has been paid or incurred by Buyer and shall instruct the Escrow Agent to apply, subject to subparagraph (e) below, the Claim Amount in the manner set forth in this Section.

  • Interest on the Principal Amount is calculated at: Variable Annual Interest Rate: TD Prime Rate % per annum (TD Prime Rate today) + % per annum (the "Spread" today) = % per annum (Variable Annual Interest Rate today).

  • Repayments without proof of sale, as described in 3.0 of the Terms & Conditions, may be subject to an interest penalty at the TD Prime Rate plus 0.50%.

  • Subsequent to year end, management renewed the $4,000,000 TD Bank term loan to a floating rate, interest only loan, bearing interest at TD Prime Rate + 0.00%, for a rate term expiring February 2024.


More Definitions of TD Prime Rate

TD Prime Rate means the annual rate of interest announced and adjusted at any time by the Toronto-Dominion Bank as its reference rate then in effect for determining interest rates it will charge on Canadian dollar commercial loans made by it in Canada, and which it may refer to as its “prime rate” or “prime lending rate”;
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TD Prime Rate means the variable annual interest rate published by us from time to time as our
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Related to TD Prime Rate

  • U.S. Prime Rate means, at any time, the fluctuating annual rate of interest established by the Administrative Agent from time to time as being the reference rate of interest it will use at such time in the U.S.A. for determining rates of interest on USDollar commercial loans to its customers in the U.S.A. and designated at its US prime rate plus (b) the Applicable Margin; adjusted automatically with each change in the established, quoted or published rate, all without necessity of notice to the Borrower or any other Person.

  • 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.

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • 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.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Reference Rate means the rate specified as such hereon.

  • Prime Rate Margin is one-quarter of one percent (0.25%).

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Straight-time rate means the hourly rate of remuneration.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Prime Lending Rate means the rate which the Administrative Agent announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Bank Rate means the one year marginal cost of lending rate (MCLR) of the State Bank of India issued from time to time plus 350 basis points;”

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.