Prime Rate Note definition

Prime Rate Note means an extension of credit hereunder evidenced by a Note which bears interest at the Prime Rate.
Sample 1Sample 2Sample 3
Prime Rate Note with respect to such Interest Period and the interest rate with respect to this Note for any Interest Reset Date relating to such Interest Period shall be the Prime Rate as adjusted by the Spread and/or Spread Multiplier, if any, as specified on the face hereof, as determined on the applicable Prime Rate Interest Determination Date. Prime Rate Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any.
Sample 1Sample 2
Prime Rate Note shall have the meaning ascribed to such term in Section 105 of this Ninth Supplemental Indenture.
Sample 1

Examples of Prime Rate Note in a sentence

  • The revolving loan interest expenses bear interest rate at 1.25% per annum below Prime Rate (Note 21).

  • If the Interest Rate Basis specified above with respect to any Interest Period is the Prime Rate, this Note is a "Prime Rate Note" with respect to such Interest Period and the interest rate with respect to this Note for any Interest Reset Date relating to such Interest Period shall be the Prime Rate plus or minus the Spread, if any, or multiplied by the Spread Multiplier, if any, as specified above, as determined on the applicable Prime Interest Determination Date (as defined below).

  • Prime Rate NotesEach Prime Rate Note will bear interest at a specified rate that will be reset periodically based on the Prime Rate and any Spread and/or Spread Multiplier.

  • To update the term “Interest” on page 10 of the Offering Memorandum to include the following new Base Rate immediately after the definition of Prime Rate Note.

  • The Interest Determination Date pertaining to an Interest Reset Date for (i) a Commercial Paper Rate Note (the “Commercial Paper Rate Interest Determination Date”), (ii) a Prime Rate Note (the “Prime Rate Interest Determination Date”), (iii)) a CD Rate Note (the “CD Rate Interest Determination Date”) and (iv) a Federal Funds Rate Note (the “Federal Funds Rate Interest Determination Date”) will be the second Market Day preceding such Interest Reset Date.


More Definitions of Prime Rate Note

Prime Rate Note means any promissory note in the form of --------------- Exhibit A-1. -----------
Sample 1Sample 2
Prime Rate Note means a promissory note of the Company, substantially in the form of Exhibit D hereto, payable to the order of each Lender and evidencing the Prime Rate Loans.
Sample 1
Prime Rate Note shall have the meaning ascribed to such term in Section 105 of this Seventh Supplemental Indenture.
Sample 1
Prime Rate Note. Unless otherwise specified on the face hereof, “Prime Rate” means:
Sample 1
Prime Rate Note means an extension of credit hereunder evidenced by a Series J Note which bears interest at the Prime Rate.
Sample 1

Related to Prime Rate Note

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Floating Rate Note means any Class A-2b Note.

  • Bid Rate Note means a promissory note of the Borrower substantially in the form of Exhibit B-2 (or such other form approved by the Administrative Agent), payable to the order of a Lender as originally in effect and otherwise duly completed.

  • Floating Rate Notes means the Class A-2b Notes.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

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

  • U.S. Prime Rate means the rate from time to time publicly announced by Reference Bank, or its successors, as its prime rate, whether or not such announced rate is the best rate available at such bank.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime 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.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Canadian Base Rate means the rate determined by the Agent as the higher of (i) the annual rate of interest announced by the Agent (or any of its branches) as being its “prime rate” for determining interest rates on Canadian Dollar-denominated commercial loans made by it in Canada and (ii) the BA Rate (after giving effect to any minimum rate set forth in the definition thereof) for a one month BA Interest Period commencing on such day (or, if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Commercial Paper Rate means: (1) the

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below:

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • 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.