Examples of Prime Rate Advance in a sentence

Borrowings under both facilities can be by way of Bankers Acceptance or Prime Rate Advance and the floating interest rate is contingent on the type of advance plus the applicable spread or margin.
Advances may take the form of a Prime Rate Advance or the issuance of a BA with interest calculated at the Prime Rate or prevailing Government BA fee.
Borrowings under the bilateral credit facility can be by way of Bankers Acceptance or Prime Rate Advance and the floating interest rate is contingent on the type of advance plus the applicable spread or margin.
Ratable LIBOR Advances shall continue until the end of the then applicable LIBOR Interest Period therefor, at which time each such Advance shall be automatically converted into an Adjusted Prime Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice in accordance with Section 2.10(g)(iv) requesting that, at the end of such LIBOR Interest Period, such Advance either continue as an Advance of such type for the same or another LIBOR Interest Period.
The requested Advance shall consist of $ of Prime Rate Advance and $ of LIBOR Advance.

More Definitions of Prime Rate Advance

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).

Prime Rate Advance means an Advance that bears interest based on 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 (other than a Competitive Bid Advance) that bears interest as provided in Section 2.08(a)(i).

Prime Rate Advance means an Advance which the Borrower requests to be made as a Prime Rate Advance or is reborrowed as a Prime Rate Advance, in accordance with the provisions of Section 2.2 hereof, which bears interest at the Prime Rate Basis and which shall be in a principal amount of at least $2,000,000.00, and in an integral multiple of $500,000.00.

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.