Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.
Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.
Prime Rate Loan means a Canadian dollar loan on which interest is calculated by reference to Prime Rate.
Examples of Prime Rate Loan in a sentence
Notwithstanding any provision of this Agreement to the contrary, in no event shall Borrower have the right to convert a Benchmark Rate Loan to a Prime Rate Loan, or vice versa.
If such notice is given, then the related outstanding Benchmark Rate Loan shall be converted, on the last day of the then current Interest Period, to a Prime Rate Loan and Borrower shall cooperate with any and all reasonable requests of Lender to make any necessary changes to this Agreement or the other Loan Documents to conform the same to such change in the interest rate hereunder.
More Definitions of Prime Rate Loan
Prime Rate Loan. Loans the rate of interest of which is based upon the Prime Rate.
Prime Rate Loan means the Floating Rate Components of the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.
Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Section 2.
Prime Rate Loan means the portion of the Advances that bears interest at a rate determined by reference to the Prime Rate.
Prime Rate Loan means any portion of a Loan that bears interest at the Prime Rate.