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.
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 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.
Examples of US Prime Rate Loan in a sentence
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.
The applicable rate of interest for the US Prime Rate Loan will change simultaneously with any change in the US Prime Rate.
More Definitions of US Prime Rate Loan
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 means a Loan bearing interest at a rate specified in Section 2.4(a).
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 a Loan in US Dollars made by the Chicago Branch that bears interest at a rate based upon the US Prime Rate.
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.
US Prime Rate Loan means a Loan in US Dollars on which interest is calculated by reference to the US Prime Rate.