Prime Rate Loan means any Term 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 Loan for which Borrower has elected application of an interest rate based on the Prime Rate.

## Examples of *Prime Rate Loan* in a sentence

The Interest Rate with respect to each Note of the Loan shall be: (A) the SOFR Rate with respect to the applicable Interest Period if the Loan is a SOFR Loan, (B) the Alternate Rate with respect to the applicable Interest Period if the Loan is an Alternate Rate Loan or (C) the Prime Rate with respect to the applicable Interest Period if the Loan is a

**Prime Rate Loan**, in each case determined by Lender as of the Determination Date.

## More Definitions of *Prime Rate Loan*

Prime Rate Loan means any Loan in Canadian Dollars with respect to which interest is calculated under this Agreement for the time being on the basis of 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 a Loan which bears interest at a rate determined by reference to the Prime Rate.

Prime Rate Loan means a Canadian dollar loan on which interest is calculated by reference to 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.