Royal Bank of Canada Prime Rate definition

Royal Bank of Canada Prime Rate as used herein means the annual rate of interest announced from time to time by Royal Bank of Canada as a reference rate then in effect for determining interest on Canadian dollar loans made in Canada.
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Royal Bank of Canada Prime Rate means the annual rate of interest announced from time to time by Royal Bank of Canada or any successor thereto as a reference rate of interest then in effect for determining interest on Canadian dollar loans made in Canada and commonly known as its ‘prime rate’.
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Royal Bank of Canada Prime Rate means the rate of interest, expressed as a percentage per annum, published and quoted by Royal Bank of Canada's Toronto, Ontario, Head Office and which is commonly known as the prime lending rate for commercial loans in Canadian Dollars.
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Examples of Royal Bank of Canada Prime Rate in a sentence

  • The GMAC facility defines Prime Rate as the greater of the Royal Bank of Canada Prime Rate (“RBC Prime”) or 4.00%.

  • The initial interest rate is set when the loan is conditionally approved and will be reset at the Royal Bank of Canada Prime Rate plus 0.5% at each of the 10th, 15th and 20th anniversary dates.

  • View the Royal Bank of Canada Prime Rate on the date of this offer.

  • The Ally Facilities define Prime Rate as the greater of the Royal Bank of Canada Prime Rate (“RBC Prime”) or 4.00%.

  • The initial interest rate is set when the loan is conditionally approved, and will be reset at the Royal Bank of Canada Prime Rate plus 0.5% at each of the 10th, 15th and 20th anniversary dates.

  • The promissory note is secured, bears interest at the Royal Bank of Canada Prime Rate per annum, and has a loan fee of 1% of the outstanding amount per month.

  • If on the maturity of the term hereof the Borrower does not either discharge the loan secured hereby or enter into a renewal agreement with the Lender, then the Lender may, at its option, by notice in writing to the Borrower, extend the term of the loan for a further term of six months at an interest rate equal to the Royal Bank of Canada Prime Rate (as hereinafter defined) plus 1% per annum.

  • The Borrower will pay interest at a floating rate based on Royal Bank of Canada Prime Rate, plus 4.0%.

  • APR 3.09% based on today's Royal Bank of Canada Prime Rate of 2.25%.

  • Any amount due and owing and not paid or releasable to the Vendor on the Closing Date, or such other time as consented to by the Vendor in writing, shall bear interest at the Royal Bank of Canada Prime Rate (as at the due date) plus 6% per annum (the “ Interest”) from the date due until the overdue amounts are unconditionally paid in full.

Related to Royal Bank of Canada Prime Rate

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Bank of America means Bank of America, N.A. and its successors.

  • KeyBank means KeyBank National Association.

  • JPMCB means JPMorgan Chase Bank, N.A.

  • JPMorgan means JPMorgan Chase Bank, N.A. and its successors.

  • Rabobank means Coöperatieve Rabobank U.A., New York Branch.

  • Royal Bank means Royal Bank of Canada.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Mizuho means Mizuho Bank, Ltd.

  • CIBC means Canadian Imperial Bank of Commerce.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  • U.S. Prime Rate means the per annum rate of interest announced by the Agent, at its main office from time to time as its "prime rate" (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by the Agent to any of its customers), which U.S. Prime Rate shall change simultaneously with any change in such announced rate.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Citibank means Citibank, N.A., a national banking association.

  • CSFB means Credit Suisse First Boston.

  • BANK'S LONDON BRANCH means the London branch office of Bank.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.