US Prime Rate Loan definition

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
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 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

Examples of US Prime Rate Loan in a sentence

  • Country X is a party to an income tax convention with the United States.

  • Any drawing under a Letter of Credit or Letter of Guarantee shall be funded by an Advance by way of a Prime Loan (if drawn in Canadian Dollars under Facility A), by way of a USBR Loan (if drawn in US Dollars or any other currency under Facility A) or by way of a US Prime Rate Loan (if drawn in US Dollars under Facility B).

  • The applicable rate of interest for the US Prime Rate Loan will change simultaneously with any change in the US Prime Rate.

  • On each Interest Payment Date in respect of the US Prime Rate Loan, the US Borrower shall pay the Administrative Agent interest on the US Prime Rate Loan at the US Prime Rate.

  • Each Advance by way of USBR Loan or US Prime Rate Loan shall be in a minimum aggregate principal amount of US$100,000 and larger whole multiples of US$100,000.


More Definitions of US Prime Rate Loan

US Prime Rate Loan means an Advance made by a Lender to a U.S. Borrower by way of a direct loan in U.S. Dollars in respect of which interest is to be calculated by reference to the U.S. Prime Rate.
Sample 1Sample 2
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 a Loan bearing interest calculated by reference to the U.S. Prime Rate.
Sample 1Sample 2
US Prime Rate Loan means a Loan in US Dollars made by the Chicago Branch that bears interest at a rate based upon the US 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 any Loan with respect to which interest is calculated hereunder for the time being on the basis of the U.S. Prime Rate.
Sample 1
US Prime Rate Loan means a Loan in US Dollars on which interest is calculated by reference to the US Prime Rate.
Sample 1