Base Rate Canada Loan definition

Base Rate Canada Loan means monies lent by the Lenders to the Borrower hereunder in United States dollars and upon which interest accrues at a rate referable to the Alternate Base Rate Canada.

Base Rate Canada Loan means monies lent by the Canadian Lenders to a Canadian Borrower hereunder in United States dollars and upon which interest accrues at a rate referable to the Alternate Base Rate Canada.

Base Rate Canada Loan means monies lent by the Lenders to the Borrowers hereunder in United States dollars and upon which interest accrues at a rate referable to the Alternate Base Rate Canada.

Examples of Base Rate Canada Loan in a sentence

• Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but Credit Agreement excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

• Upon written notice to such effect to the Borrowers at such time as a Default has occurred and is continuing, the Administrative Agent may, as applicable, on the maturity date of a Bankers’ Acceptance, BA Rate Loan or a LIBOR Loan, convert such Bankers’ Acceptance, BA Rate Loan or LIBOR Loan into Prime Rate Loan or Base Rate Canada Loan, as applicable, as though a notice to such effect had been given in accordance with Section 6.4.

More Definitions of Base Rate Canada Loan

Base Rate Canada Loan means an Accommodation under the Credit Facility which is denominated in United States dollars and upon which interest accrues at a rate referrable to the Alternate Base Rate Canada.

Base Rate Canada Loan means, at any particular time, any Loan which is outstanding at such time and in respect of which interest is to be calculated based on the Base Rate Canada and "Base Rate Canada Loans" means, at any particular time, all Base Rate Canada Loans at such time;