Prime Rate Loans definition

Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

Prime Rate Loans means the Loans bearing interest with reference to the Prime Rate.

Prime Rate Loans means Loans which accrue interest by reference to the Prime Rate, in accordance with the terms of this Agreement.

Examples of Prime Rate Loans in a sentence

• Interest on Special Agent Advances shall be payable at the Interest Rate then applicable to Prime Rate Loans and shall be payable on demand.

• In the event any Lender shall exercise its rights hereunder, all payments and prepayments of principal which would otherwise have been applied to repay the LIBO Loans that would have been made by such Lender or the converted LIBO Loans of such Lender, shall instead be applied to repay the Prime Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such LIBO Loans.

• In the event any Lender shall exercise its rights under clause (i) or (ii) of this paragraph (a), all payments and prepayments of principal which would otherwise have been applied to repay the LIBO Loans that would have been made by such Lender or the converted LIBO Loans of such Lender shall instead be applied to repay the Prime Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such LIBO Loans.

• All computations (a) of interest for Base Rate Loans when the Base Rate is determined by BNP Paribas’s United States “prime rate”, (b) of interest for Canadian Prime Rate Loans and (c) of interest for Tranche C Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

• This is particularly useful to model changes in the floodplain, where development has occurred after the photogrammetry.

More Definitions of Prime Rate Loans

Prime Rate Loans means those loans described in Section 3.1(b) hereof on which the Borrowers shall pay interest at the rate based on the Prime Rate.

Prime Rate Loans means Domestic Prime Rate Loans or Canadian Prime Rate Loans, as applicable.

Prime Rate Loans means monies lent by the Lenders to the Borrower hereunder in Canadian dollars and upon which interest accrues at a rate referable to the Prime Rate.

Prime Rate Loans means any Revolving Loans (or any portion thereof) as to which the interest rate is the Prime Rate.

Prime Rate Loans means Loans the rate of interest applicable to which is based on the Prime Rate.

Prime Rate Loans means Loans at such times as they are being made and/or maintained at a rate of interest based on the Prime Rate.

Prime Rate Loans means any portion of the Loans bearing interest at Effective Prime.