Examples of Prime Rate Loans in a sentence

The amount of any Reimbursement Obligation may, if the applicable conditions precedent specified in Article 7 hereof have been satisfied, be paid with the proceeds of Prime Rate Loans or, as provided in Section 2.5(j), by the proceeds of Refunding BA Instruments.
Subject to Section 3.08, each Borrowing shall be comprised entirely of Prime Rate Loans, Term SOFR Loans or Daily Simple SOFR Loans, as the Borrower may request in accordance herewith.
Loans which are Prime Rate Loans shall bear interest on the unpaid principal amount thereof at a rate per annum equal to the Prime Rate plus the Applicable Margin.
All computations of interest for Prime Rate Loans when the Prime Rate is determined by the Lender’s prime lending rate shall be made on the basis of the year of 365 or 366 days, as the case may be, and the actual number of days elapsed.
All Outstanding Principal Obligations relating to Prime Rate Loans, BA Advances, Letters of Credit denominated in Canadian Dollars together with all interest and fees and other Obligations relating thereto shall accrue and be payable by the Borrower in Canadian Dollars.

More Definitions of Prime Rate Loans

Prime Rate Loans those Loans bearing interest calculated by reference to the Prime Rate.

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

Prime Rate Loans means Loans that bear interest at rates based upon the Prime Rate.

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 Loans that bear interest at a rate based upon the Prime Rate.

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