FRT Loans definition
Examples of FRT Loans in a sentence
FRT Loans may not be repaid, prepaid, converted or rolled over prior to their maturity.
FRT Loans Before 11:00 a.m. five Business Days prior to the requested date of the Advance Each notice given in respect of an Advance by way of Canadian Prime Loan, US Base Rate Loan, Libor Loan and FRT Loan shall indicate the amount of the required Advance and the date funds are required.
No more then five (5) separate Libor Loans or FRT Loans may be outstanding at any one time.
The Bank makes a revolving demand facility in a principal amount of up to US$7,000,000 or the Canadian Dollar Equivalent amount thereof in Canadian Dollars (the "Maximum Amount") available to the Borrower by way of (i) US Base Rate Loans (in US Dollars only), (ii) Libor Loans (in US Dollars only), (iii) Canadian Prime Loans (in Canadian Dollars only), and (iv) FRT Loans (in Canadian Dollars only).