Prime Advances definition

Prime Advances means Advances which bear interest at a rate based upon the Prime Rate.
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Prime Advances is changed to "Base Rate Advances, and (c) "Daily Floating LIBOR Advances" is changed to Daily Term SOFR Advances".
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Prime Advances actual days/365 or 366 Paid on Quarterly Date (last Business Day of March, June, September, December)
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Examples of Prime Advances in a sentence

  • Prime Advances shall continue as Prime Advances unless and until such Prime Advances are converted into LIBOR Advances.

  • The Advances may be Prime Advances, LIBOR Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.9 and 2.10.

  • In such an event the rate of interest applicable to the Loan for the relevant Interest Period will be for LIBOR Advances, the aggregate of 3% and for Prime Advances, 1/2% and the cost (expressed as a per annum percentage) to the Lender from such financial sources and for periods as may be elected by the Lender.

  • Revolving Loans made pursuant to this Section 2.13 shall initially be Prime Advances and thereafter may be continued as Prime Advances or converted into LIBOR Advances in the manner provided in Section 2.10 and subject to the other conditions and limitations set forth in this Article II.

  • The Borrower may convert any Prime Advances aggregating at least $1,000,000 in principal amount into a LIBOR Advance on the first day of a calendar month.

  • Prime Advances (other than Swing Line Loans) shall continue as Prime Advances unless and until such Prime Advances are converted into LIBOR Advances.

  • SCHEDULEDREPAYMENTS: For Prime Advances and USBR Advances, interest only on a monthly basis on the last day of each month shall be repaid commencing on the last day of the month in which the initial Advance under Facility 1 is made.

  • Varadharajan, How to Prove That a Committed Number is Prime, Advances in Cryptology – Asiacrypt’99, Springer-Verlag, 1999, pp.208-218.

  • Interest on Prime Advances and USBR Advances shall be calculated on a daily basis based on the actual number of days elapsed divided by 365 and shall be paid monthly in arrears on the last day in each month.

  • ADDITIONAL TERMS APPLICABLE TO FACILITY 1 PRICING: Prime Advances in Canadian Dollars shall bear interest based on the Lender’s Prime Rate plus the Applicable Margin set forth below.

Related to Prime Advances

  • Revolving Advances means Advances made other than Letters of Credit.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • 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.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

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

  • Fixed Rate Loans means CD Loans or 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.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

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

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

  • LIBOR Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted LIBOR Rate as provided in subsection 2.2A.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

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

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Canadian Prime Rate Loans means Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.