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

Prime Rate Advance means an Advance in Canadian Dollars bearing interest based on the Prime Rate and includes availments that are deemed to be Prime Rate Advances under this Agreement.

Prime Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

Examples of Prime Rate Advance in a sentence

Each Lender shall forthwith give notice of the making of such a Prime Rate Advance to the Borrower and the Agent (which shall promptly give similar notice to the other Lenders).
Each Prime Rate Advance shall be in an aggregate minimum amount of Cdn.
The Borrower shall pay interest on (i) each LIBO Rate Advance at a rate per annum equal to the LIBO Rate plus the Applicable Margin; and (ii) each Prime Rate Advance at a rate per annum equal to the Prime Rate plus the Applicable Margin.
Notwithstanding Section 3.10(8) and subject to Section 9.2, if a Default or Event of Default has occurred and is continuing on the last day of a Contract Period, as regards an Advance by means of a Bankers’ Acceptance (or B/A Equivalent Loan), the Borrower shall be deemed to have converted such Advance into a Prime Rate Advance in an amount equal to the face amount of the Bankers’ Acceptances (or the undiscounted amount of any B/A Equivalent Loans) on the maturity date thereof.

More Definitions of Prime Rate Advance

Prime Rate Advance means an Advance in Canadian Dollars bearing interest based on the Prime Rate and includes deemed Prime Rate Advances provided for in this Agreement.

Prime Rate Advance means an Advance that bears interest based on the Prime Rate.

Prime Rate Advance. An Advance with respect to which the interest rate is determined by reference to the Prime Rate.

Prime Rate Advance means any Advance under this Note when and to the extent that its interest rate is determined by reference to the Prime Rate.

Prime Rate Advance means an Advance in or a Conversion into Canadian Dollars made by the Lenders to the Canadian Borrower with respect to which the Canadian Borrower has specified that interest is to be calculated by reference to the Prime Rate.

Prime Rate Advance means, at any time, the portion of the Advances in Canadian Dollars with respect to which the Borrower has chosen, or, in accordance with the provisions hereof, is obliged, to pay interest on the Prime Rate Basis.

Prime Rate Advance means an Advance which bears interest at the Prime Rate.