General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.
Appears in 17 contracts
Samples: Credit Agreement (Wheaton Precious Metals Corp.), Credit Agreement (New Gold Inc. /FI), Credit Agreement (New Gold Inc. /FI)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 360, 365 or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 360, 365 or 365 366 days, respectively.
Appears in 11 contracts
Samples: Credit Agreement (SilverCrest Metals Inc.), Credit Agreement (Orla Mining Ltd.), Credit Agreement (Ero Copper Corp.)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively360.
Appears in 5 contracts
Samples: Credit Agreement (Vitran Corp Inc), Term Credit Agreement (Potash Corp of Saskatchewan Inc), Term Credit Agreement (Potash Corporation of Saskatchewan Inc)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days365, respectivelyas the case may be.
Appears in 3 contracts
Samples: Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 365 or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 365 or 365 366 days, respectively.
Appears in 2 contracts
Samples: Credit Agreement (CI Financial Corp.), Credit Agreement (CI Financial Corp.)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.
Appears in 2 contracts
Samples: Credit Agreement (Endeavour Silver Corp), Credit Agreement (Novagold Resources Inc)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 360, 365 or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 360, 365 or 365 days366, respectively.
Appears in 2 contracts
Samples: Credit Agreement (Fortis Inc.), Credit Agreement (Fortis Inc.)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act INTEREST ACT (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.
Appears in 2 contracts
Samples: Credit Agreement (Kinross Gold Corp), Credit Agreement (Kinross Gold Corp)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 days or 365 daysany other period of time that is less than a calendar year, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 days or 365 dayssuch other number of days in such period, respectivelyas the case may be.
Appears in 2 contracts
Samples: Credit Agreement (Lake Shore Gold Corp), Credit Agreement (Lake Shore Gold Corp)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.. Credit Agreement - New Gold Inc. - 57 -
Appears in 1 contract
Samples: Credit Agreement (New Gold Inc. /FI)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days365, respectively.
Appears in 1 contract
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 360, 365 or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 360, 365 or 365 366 days, respectively.. Fourth Amended and Restated Credit Agreement - Equinox
Appears in 1 contract
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.. Credit Agreement - Primero Mining
Appears in 1 contract
Samples: Agreement (Primero Mining Corp)
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 360, 365 or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 360, 365 or 365 366 days, respectively.. Amended and Restated Credit Agreement
Appears in 1 contract
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days, respectively.
Appears in 1 contract
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 or 365 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act INTEREST ACT (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365 days365, respectively.
Appears in 1 contract
General Interest Rules. (a) For the purposes hereof, whenever interest is calculated on the basis of a year of 360 days, 365 days or 365 366 days, each rate of interest determined pursuant to such calculation expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 360, 365 or 365 366 days, respectivelyas the case may be.
Appears in 1 contract
Samples: Credit Agreement (Brookfield Property Partners L.P.)