Committed Reducing Term Facility definition
Committed Reducing Term Facility. Fixed Rate Term Loans: As determined by the Bank, in its sole discretion, for the Rate Term selected bythe Borrower, and as set out in the Rate and Payment Terms Notice applicable to that Fixed Rate Term Loan. Floating Rate Term Loans available by way of: Prime Based Loans: Prime Rate + 0% per annum For all Facilities, interest payments will be made in accordance with Schedule "A" attached hereto unless otherwise stated in this Letter or in the Rate and Payment Terms Notice applicable for a particular drawdown. Information on interest rate and fee definitions, interest rate calculations and payment is set out in the Schedule "A" attached hereto.