CDOR Loans Sample Clauses

CDOR Loans. The following provisions are applicable to CDOR Loans made by the Lenders to the Borrower: (a) Upon receipt by the Agent from the Borrower of a Draw Request, Substitution Notice or Rollover Notice in respect of a CDOR Loan, the Agent will promptly advise the Borrower of the CDOR Rate, such rate to be determined as at approximately 10:15 a.m. Toronto, Ontario time, two (2) Business Days before the commencement of the CDOR Period for such CDOR Loan. (b) If, for any reason: (i) the Agent is unable to determine the applicable CDOR Rate; or (ii) the CDOR Period requested by the Borrower is not reasonably available to the Agent; or (iii) the Required Lenders, acting reasonably, determine that for any reason, (A) adequate and reasonable means do not exist for determining CDOR Rate for any requested CDOR Period with respect to a requested CDOR Loan, or (B) the CDOR Rate for any requested CDOR Period with respect to a requested CDOR Loan will not adequately and fairly reflect the cost to such Lenders of funding such CDOR Loan, then, subject to Section 5.10(e), the Agent shall notify the Borrower of the foregoing and the Lenders shall not be obliged to make the requested CDOR Loan; and if such determination takes place after the Lenders have already made Advances in the expectation that such Advances will constitute a CDOR Loan for the CDOR Period requested, the Agent may by written notice to the Borrower require the Borrower to select another CDOR Period or convert the said CDOR Loan into a Prime-Based Loan with interest payable thereon at the rate and in the manner as provided in Section 2.05 or Section 3.07 (as applicable) with respect to Prime-Based Loans. (c) The Borrower acknowledges that the ability of the Lenders to maintain or provide any CDOR Loan and/or to charge interest on any CDOR Loan at a CDOR Rate is and will be subject to any statute, law, regulation, rule or direction by any Governmental Authority having jurisdiction which may prohibit or restrict or limit such loans and/or such interest. The Borrower agrees that the Lenders shall have the right to comply with any such requirements and, if the Agent acting reasonably determines it to be necessary as a result of such requirement, the Lenders may convert any CDOR Loan to a Prime-Based Loan with interest payable thereon as set out in paragraph (a) above or require immediate repayment of all CDOR Loans and accrued interest thereon. (d) Each CDOR Loan shall have a CDOR Period of one (1) or three (3) mo...
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CDOR Loans. The Loans comprising each CDOR Borrowing shall bear interest at the CDOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin for CDOR Loans, but in no event to exceed the Highest Lawful Rate.
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CDOR Loans. (a) Subject to availability, each CDOR Loan shall have a CDOR Period of 30, 60 or 90 days at the option of the Borrower. The Borrower shall not be entitled to obtain a CDOR Loan which matures after the Maturity Date. (b) The principal amount of CDOR Loans outstanding at any time shall be not less than Cdn$1,000,000 and are available in whole multiples of Cdn$100,000. (c) Overdue amounts in respect of a CDOR Loan (including overdue interest) may, at the Lender’s option, be either converted into another type of loan or considered to be a CDOR Loan for one or more CDOR Periods or durations as the Lender may determine, and bearing interest at a rate per annum equal to the applicable interest rate both before and after demand, default and judgment. (d) The Borrower shall indemnify the Lender for all expenses and losses incurred by the Lender in connection with the early termination of any CDOR Period initiated by the Borrower. (e) The Borrower shall repay the principal amount of each CDOR Loan on the last day of the CDOR Period therefor unless: (i) the maturing CDOR Loan is renewed pursuant to a CDOR Loan Rollover or converted into a Prime Rate Loan pursuant to a Conversion; or (ii) repayment of the Outstanding Borrowing under the Credit Facility shall have been accelerated or otherwise required to be paid at an earlier date pursuant to the terms hereof, in which case CDOR Loans shall be repaid on the date such repayment is due. (f) If on the last day of the applicable CDOR Period, a CDOR Loan is not repaid, renewed pursuant to a CDOR Loan Rollover or converted pursuant to a Conversion, the Lender may, at its option, convert the maturing CDOR Loan into a Prime Rate Loan or renew the maturing CDOR Loan by way of a further CDOR Loan for such CDOR Period as the Lender may determine in its sole discretion. (g) The availability of CDOR Loans to the Borrower shall be subject to its obligations to make payments and prepayments of its Outstanding Obligations as provided herein. (h) If a CDOR Loan is outstanding at any time that the Outstanding Borrowings become immediately due and payable pursuant to the terms of this Agreement, the Borrower shall forthwith pay to the Lender an amount equal to the CDOR Loan and interest due on maturity. The proceeds of such payment shall be held by the Lender for set-off against the liability of the Borrower to the Lender in respect of such CDOR Loan. The Lender shall credit the Borrower with interest on such proceeds at the prevailing...
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CDOR Loans. If and so long as CDOR Loan bears interest at CDOR and subject as provided in the following sentence, at a rate per annum equal at all times during any Interest Period for such CDOR Loan to CDOR for such Interest Period plus the Applicable Margin, calculated daily and payable in arrears, on (i) the applicable Interest Payment Date in respect thereof; and (ii) on the day on which such CDOR Loan becomes due and payable in full pursuant to the provisions hereof. Any amount of principal of or interest on any such CDOR Loan which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall be payable on demand and shall bear interest (both before and after judgment), from the date on which such amount is due until such amount is paid in full, at a rate per annum equal to the Canadian Prime Rate in effect from time to time plus the Applicable Margin plus, to the extent permitted by law, 2%.
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CDOR Loans. 56 Section 3.3 Letters of Credit ..................................................................................................... 57 Section 3.4 Conversion Option ................................................................................................. 63 Section 3.5 Conversion and Rollover Not Repayment ............................................................. 64 Section 3.6
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Related to CDOR Loans

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Eurodollar Loans The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Eurodollar Rate Loans Any conversion to or from Eurodollar Rate Loans shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Rate Loans having the same Interest Period shall not be less than $1,000,000 or a whole multiple of $500,000 in excess thereof.

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