Prime Loans means that portion, and collectively, those portions of the aggregate outstanding principal balance of the Loans that bear interest at the Prime Rate plus the Applicable Margin.
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. Loans the rate of interest applicable to which is based upon the Prime Rate.
Examples of Prime Loans in a sentence
Borrower may have Prime Loans and LIBOR Loans outstanding simultaneously.
During such suspension, new Loans, outstanding Prime Loans and LIBOR Loans whose Interest Periods terminate may only be Prime Loans.
Any accrued and unpaid interest denominated in Dollars at the time of any such conversion shall be similarly converted to Canadian Dollars, and such Canadian Prime Loans and accrued and unpaid interest thereon shall thereafter bear interest in accordance with the terms hereof.
Any such conversion shall be calculated so that the resulting Canadian Prime Loans shall be the equivalent on the date of conversion of the amount of Dollars so converted.
The Loans shall in each case be Prime Loans or Eurodollar Loans, as the Borrower shall request.
More Definitions of Prime Loans
Prime Loans means, individually and collectively, each portion of the outstanding principal amount hereof that bears interest at the Prime Rate.
Prime Loans means the loans made available by the Lenders to the Borrower pursuant to Section 3.3, 3.8 or 3.9 with respect to which the Borrower has agreed to pay interest thereon in accordance with Section 5.1 or which are made available to the Borrower by the Lenders as a result of applying Section 3.5(g) or 3.7(d);
Prime Loans means Loans under the Agreement (and this Addendum) at such time as they are made or maintained at an interest rate based upon the Prime Rate.
Prime Loans means all or the portion of any Loan which bears interest at the Prime Rate plus the Prime Rate Margin.
Prime Loans means the advances or any portion thereof made available by the Lenders to the Borrower pursuant to either Section 3.5, 3.8, 3.11, 3.12 or 3.15 and outstanding from time to time, which are denominated in Canadian Dollars and on which the Borrower has agreed to pay interest in accordance with Section 5.1;
Prime Loans and "Prime Loan": shall mean respectively, (i) any