US Prime Rate Loans definition

US Prime Rate Loans means any Loan or portion thereof denominated in US Dollars and on which interest is payable based on the US Prime Rate in accordance with the terms hereof.
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US Prime Rate Loans means US Loans that bear interest at rates based upon the US Prime Rate.
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US Prime Rate Loans means at any given time, any Loan or Loans, or any portion thereof, on which the Borrower must pay interest on the basis of the US Prime Rate in accordance with Section 4.1.1;
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Examples of US Prime Rate Loans in a sentence

  • 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.

  • Such request from Borrower shall be sent to the Administrative Agent and specify the amount of the US Prime Rate Loans or the amount of the SOFR Loans to be converted to US Prime Rate Loans.

  • Subject to the terms and conditions set forth in this Agreement, the Lender agrees to make Accommodations available to (a) the Canadian Borrower under the Facility by way of Prime Rate Loans, Base Rate Loans, CORRA Loans, SOFR Loans, Letters of Credit, Hedging Arrangements and MasterCard Advances, and (b) to the US Borrower under the Facility by way of Letters of Credit, US Prime Rate Loans and MasterCard Advances.

  • Any outstanding affected CORRA Loans and SOFR Loans will be deemed to have been converted to Prime Rate Loans, Base Rate Loans and US Prime Rate Loans, as applicable, at the end of the applicable Interest Period.

  • US Prime Rate Loans Before 11:00 a.m. on the applicable Drawdown Date.


More Definitions of US Prime Rate Loans

US Prime Rate Loans refers collectively to the US Prime Rate Loans of all US Lenders;
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US Prime Rate Loans means, collectively, the portion of the Loan on which interest is calculated by reference to the US Prime Rate. Loan and Security Agreement
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US Prime Rate Loans means any US Dollar Loans or portion thereof on which interest is payable based on the US Prime Rate inaccordance with the terms thereof.
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Related to US Prime Rate Loans

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Canadian Prime Rate Loan means a Loan that bears interest based on the Canadian Prime Rate.

  • Prime Rate Loan means any Term Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR 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.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.