Canadian Dollar Equivalent Clause Samples

The Canadian Dollar Equivalent clause defines how amounts denominated in foreign currencies are converted into Canadian dollars for the purposes of the agreement. Typically, this clause specifies the method or source for determining the exchange rate, such as referencing a particular bank's rate on a specific date. This ensures that all parties have a clear and consistent understanding of the value of payments or obligations in Canadian dollars, thereby reducing ambiguity and potential disputes related to currency fluctuations.
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Canadian Dollar Equivalent. On any date of determination and with respect to any amount of U.S. Dollars, the amount of Canadian Dollars that could be purchased with that amount of U.S. Dollars, at the spot rate of exchange quoted by the Administrative Agent in the foreign exchange market at or about 11:00 a.m. (New York time) on the date two Business Days prior to the date as of which the foreign exchange computation is made for the purchase of Canadian Dollars with U.S. Dollars. Canadian Dollars or CAN$. Canadian Dollars in lawful currency of Canada. Canadian Employee. Any employee, consultant or contractor providing services in Canada to the Canadian Borrower.
Canadian Dollar Equivalent. With respect to an amount of U.S. Dollars on any date, the amount of Canadian Dollars that may be purchased with such amount of U.S. Dollars at the Exchange Rate with respect to U.S. Dollars on such date. CANADIAN DOLLARS OR C$. Dollars designated as lawful currency of Canada. CANADIAN LETTERS OF CREDIT. Standby Letters of Credit issued or to be issued by the Issuing Bank under Section 4 hereof for the account of the Canadian Borrowers. CANADIAN LOAN AND LETTER OF CREDIT REQUEST. See Section 2.6(b). CANADIAN LOANS. Canadian Base Rate Loans and Canadian Prime Rate Loans advanced pursuant to Section 2. CANADIAN NOTES. See Section 2.3(b).
Canadian Dollar Equivalent. At any time, (a) with respect to any amount denominated in Canadian Dollars, such amount, and (b) with respect to any amount denominated in any currency other than Canadian Dollars, the equivalent amount thereof in Canadian Dollars as determined by the Applicable Agent or the Issuing Lender, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Canadian Dollars with such other currency. Canadian Dollars or Cdn. $. Lawful currency of Canada.
Canadian Dollar Equivalent. With respect to an amount of U.S. Dollars on any date, the amount of Canadian Dollars that may be purchased with such amount of U.S. Dollars at the Exchange Rate with respect to U.S. Dollars on such date. Canadian Dollars or C$. Dollars designated as lawful currency of Canada. Canadian Letters of Credit. Standby Letters of Credit issued or to be issued by the Issuing Bank under Section 4 hereof for the account of the Canadian Borrowers. Canadian Loan Request. See Section 2.6(b).
Canadian Dollar Equivalent. On any date of determination, with respect to an amount denominated in Canadian Dollars, such amount of Canadian Dollars, and with respect to an amount denominated in a currency other than Canadian Dollars, the amount of Canadian Dollars (as conclusively ascertained by the Administrative Agent absent manifest error) which could be purchased by the Administrative Agent with that amount of such other currency at the spot rate of exchange quoted by the Administrative Agent in the applicable foreign exchange market on the date of determination for the purchase of Canadian Dollars with such currency. Canadian Dollars or Cdn.$. Lawful currency of Canada. Canadian Guaranteed Obligations. See Sections 7.1.
Canadian Dollar Equivalent. With respect to an amount of U.S. Dollars, Sterling or Euros on any date, the amount of Canadian Dollars that may be purchased with such amount of U.S. Dollars, Euros or Sterling at the Exchange Rate with respect to U.S. Dollars, Euros or Sterling, as applicable, on such date. Canadian Dollars or C$. Dollars in lawful currency of Canada. Canadian Facility Fee. See §2.2(b). Canadian LIBOR Rate. For any Interest Period with respect to any Canadian LIBOR Rate Loan: (a) the rate of interest per annum, expressed on the basis of a year of 360 days, determined by the Canadian Agent, which is equal to the offered rate that appears on the page of the Reuters LIBOR01 screen (or any successor thereto as may be selected by the Canadian Agent) that displays an average British Bankers Association Interest Settlement Rate for deposits in U.S. Dollars with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period, or (b) if the rates referenced in the preceding subsection (a) are not available, the rate per annum determined by the Canadian Agent as the rate of interest, expressed on a basis of 360 days at which deposits in U.S. Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Canadian LIBOR Rate Loan being made, continued or converted by the Canadian Agent and with a term and amount comparable to such Interest Period and principal amount of such Canadian LIBOR Rate Loan as would be offered by the Canadian Agent’s London Branch to major banks in the offshore U.S. Dollar market at their request at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period. Canadian LIBOR Rate Loans. Canadian Loans denominated in U.S. Dollars that bear interest calculated by reference to the Canadian LIBOR Rate. Canadian Loan Request. See §2.7(b).
Canadian Dollar Equivalent. On any date of determination, with respect to -------------------------- an amount denominated in Canadian Dollars, such amount of Canadian Dollars, and with respect to an amount denominated in a currency other than Canadian Dollars, the amount of Canadian Dollars (as conclusively ascertained by the Administrative Agent absent manifest error) which could be purchased by the Administrative Agent with that amount of such other currency at the spot rate of exchange quoted by the Administrative Agent in the applicable foreign exchange market on the date of determination for the purchase of Canadian Dollars with such currency. Canadian Dollars or Cdn. $. Dollars in lawful currency of Canada. ---------------- ------ Canadian Eurodollar Rate. In respect of each Interest Period for a ------------------------ Canadian Eurodollar Loan, the rate for deposits in Canadian Dollars for a period comparable to such Interest Period which appears on Telerate Page 3740 of the Dow ▇▇▇▇▇ Telerate Service (or such other page as may be designated as a replacement page for such deposits) as of 11:00 a.m. (London time) two Canadian Business Days before the first day of such Interest Period. Canadian Eurodollar Rate Loans. The Canadian Term Loan denominated in ------------------------------ Canadian Dollars and bearing interest calculated by reference to the Canadian Eurodollar Rate.