Common use of Other Canadian Obligations Clause in Contracts

Other Canadian Obligations. If any amount payable by the Canadian Borrower (other than principal in respect of any Canadian Advance), including Canadian Bankers’ Acceptances, under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount from time to time outstanding shall thereafter bear interest on the principal amount thereof from time to time outstanding, payable upon demand, until paid in full, at a fluctuating interest rate per annum at all such times equal to 2% above the Canadian Prime Rate in effect from time to time.

Other Canadian Obligations. If any amount payable by the Canadian Borrower (other than principal in respect of any Canadian Advance), including Canadian Bankers’ ' Acceptances, under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount from time to time outstanding shall thereafter bear interest on the principal amount thereof from time to time outstanding, payable upon demand, until paid in full, at a fluctuating interest rate per annum at all such times equal to 2% above the Canadian Prime Rate in effect from time to time.