Prime Rate Note definition
Examples of Prime Rate Note in a sentence
A Floating Rate Note may be a CD Rate Note, Commercial Paper Rate Note, Federal Funds Rate Note, LIBOR Note, Treasury Rate Note, Constant Maturity Treasury Rate Note, a Prime Rate Note, an Inverse Floating Rate Note or a Floating Rate/Fixed Rate Note.
If the Interest Rate Basis is the Prime Rate, this Note shall be deemed to be a “Prime Rate Note.” A Prime Rate Note will bear interest for each Interest Reset Period calculated with reference to the Prime Rate and the Spread or Spread Multiplier, if any, specified on the face hereof.
Each Prime Rate Note, will bear interest at the interest rate (calculated with reference to the Prime Rate and the spread and/or spread multiplier, if any) specified on the face of such Prime Rate Note or in an Addendum thereto.
By: /s/ ▇▇▇▇▇ ▇▇▇▇ ---------------------------- Name: Title: GRID Prime Rate Note Amount of Amount of Principal Paid, Unpaid Principal Prime Rate Prepaid or Amount of Notation Date Loan Converted Note Made By ---- ----------- -------------- ---------------- --------- EXHIBIT A-2 TSI INTERNATIONAL SOFTWARE LTD.
This Prime Rate Note is also entitled to the benefits of the Security Agreement.
This Prime Rate Note evidences Loans made under, and is entitled to the benefits of, the Credit Agreement, dated as of July 31, 1994, between the Borrower and the Bank, as the same may be amended from time to time (the "Credit Agreement").
A Prime Rate Note will bear interest for each Interest Reset Date calculated with reference to the Prime Rate and the Spread or Spread Multiplier, if any, subject to the Minimum Interest Rate and/or Maximum Interest Rate, if any, specified on the face hereof.
Prime Rate Interest Determination Date: The term "Prime Rate Interest Determination Date" pertaining to an Interest Reset Date for a particular Prime Rate Note shall mean the second Business Day immediately preceding such Interest Reset Date, unless otherwise specified in the applicable Company Order.
Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to an Interest Reset Date will be the second Business Day prior to the Interest Reset Date for a CD Rate Note, Commercial Paper Rate Note, Federal Funds Rate Note, Constant Maturity Treasury Rate Note, Prime Rate Note or J.J. Kenny Rate Note.
Floating Rate Note: The term "Floating Rate Note" shall mean a Note which bears interest at a variable rate determined by reference to interest rate formula, and includes a Commercial Paper Rate Note, a LIBOR Note, a Prime Rate Note or a Treasury Rate Note.