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

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

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.

• Such request shall specify the amount of the Prime Rate Loans which will constitute LIBOR Rate Loans (subject to the limits set forth below) and the Interest Period to be applicable to such LIBOR Rate Loans.

More Definitions of Prime Rate Loans

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.

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

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

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

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