Prime Loans. Advances permitted pursuant to the terms of the Note or this Addendum which bear interest in relation to Bank's Prime Rate shall be referred to herein as "Prime Loans" and each such advance shall be a "Prime Loan." Each Prime Loan shall bear interest at an annual rate equal to the sum of 0.000% plus the Bank's Prime Rate. "Prime Rate" shall mean the rate of interest publicly announced by Bank from time to time in Inglewood, California, as its prime rate for lending. The Prime Rate is not intended to be the lowest rate of interest charged by Bank in connection with extensions of credit to borrowers.
Prime Loans by way of Cdn. Prime Loans from the Lenders in minimum aggregate amounts of Cdn. $10,000,000 and in multiples of Cdn. $1,000,000 thereafter upon same day prior written notice for amounts less than or equal to Cdn. $20,000,000 and upon one (1) Business Day prior written notice for amounts greater than Cdn. $20,000,000;
Prime Loans. The Borrower shall pay interest in Canadian Dollars to the Agent on behalf of each Lender on each Cdn. Prime Loan made by such Lender at the Agent's Account for Payments at a rate per three hundred sixty-five (365) day period equal to the Cdn. Prime Rate plus the Margin. A change in the Cdn. Prime Rate or the Margin will simultaneously cause a corresponding change in the interest payable for a Cdn. Prime Loan. Such interest is payable monthly in arrears on the first Business Day following each Interest Date for the period commencing on and including the day after the immediately prior Interest Date up to and including such Interest Date or up to but excluding the Maturity Date and shall be calculated on a daily basis and on the basis of the actual number of days elapsed in a year of three hundred sixty-five (365) days. The annual rates of interest to which the rates determined in accordance with the foregoing provisions of this Section 5.1 are equivalent are the rates so determined multiplied by the actual number of days in a period of one (1) year commencing on the first day of the period for which such interest is payable and divided by three hundred sixty-five (365).
Prime Loans borrowing Prime Loans from the Lenders, in minimum aggregate amounts of Cdn. $1,000,000 and in integral multiples of Cdn. $1,000,000 thereafter, upon at least one (1) Business Day prior written notice;
Prime Loans. A request by Borrower for a Prime Loan must be received no later than 11:00 a.m. Chicago, Illinois time, on the day such Prime Loan (a) is to be advanced by Bank or (b) shall begin to bear interest at the Prime Rate. Interest on the unpaid principal balance of Prime Loans shall be payable, in arrears, beginning on June 1, 2005 and continuing on the first day of each month thereafter, and on the Maturity Date. Prime Loans may be prepaid in whole or in part, together with all accrued interest thereon to the date of such prepayment, at any time without premium or penalty.
Prime Loans a Prime Loan may not be converted if a Default or Event of Default has occurred and is continuing at such time. On each Conversion Date, the Borrower shall be required to repay to the Administrative Agent for the account of the Applicable Lenders the basis of Syndicated Borrowing which is being converted and, subject to the provisions of this Agreement, the Applicable Lenders shall be required to make available to the Borrower the Syndicated Borrowings into which such basis of Syndicated Borrowing is being converted; provided that the Borrower shall be entitled to direct the Administrative Agent to use the proceeds of all or any part of a new Syndicated Borrowing to repay the Syndicated Borrowing being converted.
Prime Loans. Except for Sweep Loans described below, Banks are authorized to make Prime Loans upon written or, at the discretion of Agent, facsimile notice requesting a Loan received by Agent no later than 11:00 a.m. (Boise, Idaho time) at least one (1) Business Day prior to the requested date of the loan from any person purporting to be a person identified on EXHIBIT 2.1.1.1 attached hereto or such other persons as Borrower may from time to time designate in writing to Agent. The Agent shall promptly notify each Bank of the notice. Not later than 12:00 noon (Boise, Idaho time) on the date of the Prime Loan, each Bank shall wire transfer to the Agent the Bank's Proportionate Share of the Loan in immediately available funds. After the Agent receives such funds, and if no Event of Default has occurred and is continuing, Agent shall make the Prime Loans to Borrower by crediting the amount thereof to the Borrower's account with Agent. If an Event of Default has occurred and is continuing, Agent shall promptly return the funds to the Banks.
Prime Loans each Syndicated Lender will make available to the Borrower its share of Syndicated Borrowings by way of Prime Loans by forwarding to the Administrative Agent the amount of Prime Loans required to be made available by such Lender; and
Prime Loans. The Agent shall promptly notify the Borrower and the Lenders of any suspension of the Borrower's right to request Bankers' Acceptances or BA Equivalent Advances and of any termination of any such suspension. A BA Suspension Notice shall be effective upon receipt of the same by the Agent if received prior to 12:00 noon on a Business Day and if not, then on the next following Business Day, except in connection with a notice of Accommodation, Rollover or Conversion, as applicable, previously received by the Agent, in which case the applicable BA Suspension Notice shall only be effective with respect to such previously received notice of Accommodation, Rollover or Conversion if received by the Agent prior to 12:00 noon two Business Days prior to the proposed Drawdown Date, Conversion Date or Rollover Date (as applicable) applicable to such previously received notice of Accommodation, Rollover or Conversion (as applicable).
Prime Loans. Except for Sweep Loans described below, Bank is authorized to make a Prime Revolving Loan upon written or, at the discretion of Bank, telephonic instructions received from any person purporting to be a person identified in the attached EXHIBIT 2.1.1.1 or such other persons as Borrower may from time to time designate in writing to Bank. Upon receipt of such instructions and fulfillment of the applicable conditions set forth in Article 3, Bank shall make the Revolving Loan to Borrower by crediting the amount thereof to the Borrower's account with Bank. Subject to the terms hereof, Bank shall make Prime Revolving Loans to Borrower in an amount equal to the amount by which the amount of checks clearing any designated disbursement bank account that Borrower may now or hereafter have with Bank exceeds the amount of collected funds in the disbursement account's related depository bank account that Borrower may now or hereafter have with Bank ("Sweep Loans"). The existence of such an excess of clearing checks shall be deemed to be a request by Borrower for any such Prime Revolving Loan. Each Sweep Loan shall be a Revolving Loan and must satisfy all requirements for a Revolving Loan.
