US Prime Rate Loan means an Advance made by a Lender under Facility B which is denominated in US Dollars and in respect of which a Borrower has elected to pay interest in accordance with Section 4.2.
US Prime Rate Loan means, at any given time during the term of this Agreement the Loan, or that portion of the Loan to the US Borrower, upon which interest is payable at the US Prime Rate.
US Prime Rate Loan means a Loan made to a US Borrower that bears interest based on the US Prime Rate.
Examples of US Prime Rate Loan in a sentence
The Borrowers agree that the Lenders shall have the right to comply with any such requirements and, if the Agent determines it to be necessary as a result of such requirements, the Agent may convert any LIBOR Loan to a U.S. Base Rate Loan if the Canadian Borrower is the Borrower or a U.S. Prime Rate Loan if the U.S. Borrower is the Borrower, or require immediate repayment of all LIBOR Loans, including accrued interest thereon and all applicable breakage costs.
More Definitions of US Prime Rate Loan
US Prime Rate Loan means Loans, or any portion thereof, made available by the U.S. Lenders to the U.S. Borrowers outstanding from time to time which are drawndown in U.S. Dollars and in respect of which interest is payable in accordance with Section 4.4.
US Prime Rate Loan means a Loan bearing interest at a rate specified in Section 2.4(a).
US Prime Rate Loan means Loans, or any portion thereof, made available by the U.S. Lenders to the U.S. Borrower outstanding from time to time which are drawndown in U.S. Dollars and in respect of which interest is payable in accordance with Section 4.4.
US Prime Rate Loan means an Advance in, or Conversion into, United States Dollars made by the U.S. Facility Lenders to the U.S. Borrower with respect to which the U.S. Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the U.S. Prime Rate.
US Prime Rate Loan with respect to any US Lender, refers to the US Revolving US Prime Rate Loan of such US Lender and, in the case of the US Swingline Lender, its US Swingline Loan, and “US Prime Rate Loans” refers collectively to the US Prime Rate Loans of all US Lenders;
US Prime Rate Loan means an Advance made by the U.S. Operating Lender in the United States to the U.S. Borrower by way of a direct loan in U.S. Dollars, but excluding Advances in the form of a LIBOR Loan.