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.

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.

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 Effective Rate for such day and (ii) 1/2 of 1% per annum.

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.

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.