Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 16 contracts
Samples: Credit Agreement (First Phosphate Corp.), Credit Agreement, Credit Agreement (Obsidian Energy Ltd.)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 10 contracts
Samples: Credit Agreement (Niska Gas Storage Partners LLC), Credit Agreement (Pacific Energy Partners Lp), Credit Agreement (Plains All American Pipeline Lp)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Canadian Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 4 contracts
Samples: Canadian Credit Agreement (Devon Energy Corp/De), Canadian Credit Agreement (Devon Energy Corp/De), Canadian Credit Agreement (Devon Energy Corp /Ok/)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Documents, this Financing Commitment and the rates of interest stipulated in this Agreement Financing Commitment are intended to be nominal rates and not effective rates or yields.
Appears in 4 contracts
Samples: Financing Commitment (Evergreen Resources Inc), Financing Commitment (Carbon Energy Corp), Financing Commitment (Carbon Energy Corp)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 2 contracts
Samples: Credit Agreement (Gran Tierra Energy Inc.), Loan Agreement (Abraxas Petroleum Corp)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.. ARTICLE 8
Appears in 1 contract
Samples: Credit Agreement
Deemed Reinvestment Not Applicable. For the purposes of the ---------------------------------- Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of ---------------------------------- the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and the after maturity, default and judgment. The rates of interest stipulated in this Agreement specified under the Loan Documents are intended to be nominal rates and not effective rates or yieldsrates. Interest calculated shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Samples: Credit Agreement
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.. [SIGNATURES BEGIN ON FOLLOWING PAGE] 84
Appears in 1 contract
