US Prime Rate Loan definition

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.
Sample 1Sample 2Sample 3
US Prime Rate Loan means a Loan made to a US Borrower that bears interest based on the US Prime Rate.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

Examples of US Prime Rate Loan in a sentence

  • Accrued interest in relation to each Prime Rate Loan, each Base Rate Loan and each US Prime Rate Loan shall be payable monthly in arrears on the first Business Day of the following month.

  • Subject to the terms and conditions contained herein, one (1) Business Day after receipt by Administrative Agent of such request from Borrower such US Prime Rate Loan shall be made or such SOFR Loan shall be converted to US Prime Rate Loans.

  • The Lender shall credit to the Canadian Borrower’s Account or the US Borrower’s Account, as applicable, on the applicable Drawdown Date the proceeds of each Advance made by way of Prime Rate Loan, CORRA Loan, Base Rate Loan, US Prime Rate Loan or SOFR Loan.

  • Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Loan, conversion to or rollover of a SOFR Loan to be made, converted or rolled over during any Benchmark Unavailability Period F#116541 Second Amended & Restated Loan Agreement C#34357 and, failing that, the Borrower will be deemed to have converted any such request into a request for, or a conversion to, a U.S. Prime Rate Loan, as applicable.

  • Any drawing under a Letter of Credit shall be funded by a Loan by way of a Prime Rate Loan (if drawn by the Canadian Borrower in Canadian Dollars under the Facility), or by way of a Base Rate Loan (if drawn by the Canadian Borrower in US Dollars or any other currency under the Facility), or by way of a US Prime Rate Loan (if drawn by the US Borrower in US Dollars or any other currency under the Facility).


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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
US Prime Rate Loan means a Loan bearing interest at a rate specified in Section 2.4(a).
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
US Prime Rate Loan a Loan bearing interest calculated by reference to the U.S. Prime Rate.
Sample 1Sample 2
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;
Sample 1Sample 2
US Prime Rate Loan means a Loan in US Dollars on which interest is calculated by reference to the US Prime Rate.
Sample 1