Alternate Base Rate Canada definition

Alternate Base Rate Canada means, at any particular time, the variable rate of interest per annum, calculated on the basis of a year of 365 or 366 days, as the case may be, which is equal to the greater of (a) the Base Rate Canada at such time and (b) the aggregate of (i) the Federal Funds Effective Rate at such time and (ii) ½ of 1% per annum.
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Alternate Base Rate Canada means, at any particular time, the greater of (a) the Base Rate Canada at such time and (b) the Federal Funds Effective Rate at such time plus ½ of 1% per annum.
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Alternate Base Rate Canada means, for any particular day, the variable rate of interest per annum, calculated on the basis of a 360-day year, which is equal to the greater of (a) the Base Rate Canada for such day and (b) the aggregate of (i) the Federal Funds Rate for such day and (ii) 1/2 of 1% per annum.
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Examples of Alternate Base Rate Canada in a sentence

  • At December 31, 2008, the Company had $37.13 million of variable rate debt which carries an interest rate of LIBOR plus 3.50% for LIBOR loans, prime rate plus 2.50% or one-month BA Schedule I rate plus 3.5% for Prime Rate Loans, or Alternate Base Rate Canada plus 2.5% or one-month LIBOR plus 3.5% for Base Rate Canada Loans.

  • For U.S. dollar borrowings, the facility bears interest, at DundeeWealth’s option, either at the bank's prevailing Alternate Base Rate Canada for loans, or at LIBOR plus 0.95%.

  • At September 30, 2009, the Company had $26.4 million of variable rate debt which carries an interest rate of LIBOR plus 4.25% for LIBOR loans, prime rate plus 3.25% for one-month BA Schedule I rate plus 4.25% for Prime Rate Loans, or Alternate Base Rate Canada plus 3.25% or one-month LIBOR plus 4.25% for Base Rate Canada Loans.

  • At June 30, 2009, the Company had $37.38 million of variable rate debt which carries an interest rate of LIBOR plus 4.25% for LIBOR loans, prime rate plus 3.25% for one-month BA Schedule I rate plus 4.25% for Prime Rate Loans, or Alternate Base Rate Canada plus 3.25% or one-month LIBOR plus 4.25% for Base Rate Canada Loans.

  • The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of Alternate Base Rate Canada, the Term SOFR Reference Rate, Term SOFR Rate, Adjusted Term SOFR Rate, the CDOR Rate, or any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.


More Definitions of Alternate Base Rate Canada

Alternate Base Rate Canada means, for any day, the greater of (a) the Canadian Prime Rate and (b) the CDOR Rate for a one month term in effect from time to time plus 100 basis points per annum.
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Alternate Base Rate Canada means, at any particular time, the variable rate of interest per annum, calculated on the basis of a year of 365 or 366 days, as the case may be, which is equal to the greater of (a) the Base Rate Canada at such time and(b) the aggregate of (i) the Federal Funds Effective Rate at such time and (ii) ½ of 1% per annum.
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Alternate Base Rate Canada means, at any particular time, the variable rate of interest per annum, calculated on the basis of a year of 365 or
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Related to Alternate Base Rate Canada

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.