Examples of Prime Rate Option Advance in a sentence
As used herein, “Advance” means a borrowing requested by Borrower and made by Bank under the Note, including a LIBOR Option Advance and/or a Prime Rate Option Advance.
As used herein, “Advance” means a borrowing requested by Borrower and made by Bank under the Loan Agreement, including a LIBOR Option Advance and/or a Prime Rate Option Advance.
As used herein, “Advance” means a borrowing requested by Borrower and made by Bank under the Loan Agreement, including a LIBOR Option Advance and/or a Prime Rate Option Advance (as hereafter defined).
Each such notice (a "Notice of Revolving Credit Advance") shall be substantially in the form attached hereto as Exhibit J hereto, specifying therein the requested date, the amount of such Revolving Credit Advance, whether it will be a Prime Rate Option Advance or LIBOR Option Advance and such other information as may be required by Agent.
Borrower may prepay a Prime Rate Option Advance at any time, without paying any Prepayment Amount (as defined below).
As used herein, "Advance" means a borrowing requested by Borrower and made by Bank under the Note, including a LIBOR Option Advance and/or a Prime Rate Option Advance.
Borrower may prepay a Prime Rate Option Advance, in whole or in part, at any time, without paying any Prepayment Amount (as defined below).
The minimum Prime Rate Option Advance will not be less than One Million Dollars ($1,000,000) for any Prime Rate Option Advance.
Except as set forth in Section 2.3(b), the Advances and the Equipment Advances, each of which shall be a Prime Rate Option Advance or a LIBOR Option Advance as elected by Borrower in accordance with the terms set forth in the Amended and Restated LIBOR Addendum to Loan and Security Agreement dated as of May 12, 2005, shall bear interest on the outstanding Daily Balance thereof at the applicable rate set forth in such Amended and Restated LIBOR Addendum to Loan and Security Agreement.
As used herein, "Advance" means a borrowing requested by Borrower and made by Bank under the Revolving Facility of the Loan Agreement, including a LIBOR Option Advance and/or a Prime Rate Option Advance.