CAD Base Rate definition

CAD Base Rate is defined in Section 1.4(c).
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CAD Base Rate means, for any day, the greater of (i) the per annum rate of interest announced from time to time by the Administrative Agent as its reference rate then in effect for determining rates of interest on Canadian Dollar Loans to its customers in Canada and designated as its prime rate; and (ii) the 30 day CAD Fixed Rate plus one percent (1%) per annum. Each change in the CAD Base Rate shall be effective immediately from and after such change.
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CAD Base Rate means the per annum interest rate established from time to time by Bank of Montreal as Bank of Montreal's prime rate, whether or not such rate is publicly announced; the CAD Base Rate may not be the lowest interest rate charged by Bank of Montreal for commercial or other extensions of credit. Each change in the CAD Base Rate shall be effective immediately from and after such change.
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Examples of CAD Base Rate in a sentence

  • If the Canadian Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of CAD CDOR Loans before the last day of its then current Interest Period within the period required by Section 1.6(a) and such Borrowing is not prepaid in accordance with Section 1.9(a), such Borrowing shall automatically be converted into a Borrowing of CAD Base Rate Loans.

  • Notice of the continuation of a Borrowing of CAD CDOR Loans for an additional Interest Period or of the conversion of part or all of a Borrowing of CAD Base Rate Loans into CAD CDOR Loans must be given by no later than 10:00 a.m. (Chicago time) at least three (3) Business Days before the date of the requested continuation or conversion.

  • The Original Dollar Amount of each Loan denominated in Canadian Dollars shall be determined or redetermined, as applicable, (i) in the case of CAD CDOR Loans, effective as of the first day of each Interest Period applicable to such Loan, and (ii) in the case of CAD Base Rate Loans, effective as of the last day of each calendar month.

  • With respect to Base Rate Loans, CAD Base Rate Loans and CAD Fixed Rate Loans, interest shall be computed on the basis of a year having three hundred sixty-five (365) days or three hundred sixty-six (366) days, as the case may be, and calculated for the actual number of days elapsed.

  • Please make check or money order payable to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Narita and memo the document for share purchase Green and Quality Home Life.

  • As provided in Section 1.6(a) hereof, the U.S. Borrower may elect that each Borrowing of Revolving Loans be either U.S. Base Rate Loans or Eurodollar Loans and the Canadian Borrower may elect that each Borrowing of Revolving Loans be either CAD Base Rate Loans or CAD CDOR Loans, provided that the aggregate Original Dollar Amount of CAD Base Rate Loans at any time outstanding shall not exceed the Revolving Credit Commitments of the CAD Base Rate Lenders in effect at such time.

  • Canadian Borrowers shall have the option, subject to the terms and conditions set forth herein, to borrow CAD Revolving Loans, maturing no later than the last day of the Commitment Period, by means of any combination of CAD Base Rate Loans or CAD Fixed Rate Loans.

  • The Loans are to be [converted into] [continued as] [Eurodollar] [U.S. Base Rate] [CAD Base Rate] [CAD CDOR] Loans.

  • With the exception of Base Rate Loans, CAD Base Rate Loans and CAD Fixed Rate Loans, interest on Loans and facility and other fees and charges hereunder shall be computed on the basis of a year having three hundred sixty (360) days and calculated for the actual number of days elapsed.

  • Canadian Borrowers shall give Agent notice of prepayment of any CAD Base Rate Loan not later than 11:00 A.M. (Eastern time) on the Business Day such prepayment is to be made and written notice of the prepayment of any CAD Fixed Rate Loan not later than 1:00 P.M. (Eastern time) three Business Days before the Business Day on which such prepayment is to be made.


More Definitions of CAD Base Rate

CAD Base Rate means the per annum interest rate established from time to time by JPMorgan Canada as JPMorgan Canada’s “prime rate” or similar index, whether or not such rate is publicly announced, applicable to commercial loans made by JPMorgan Canada in Canada in CAD; provided that the CAD Base Rate may not be the lowest interest rate charged by JPMorgan Canada for such commercial loans. Each change in the CAD Base Rate shall be effective immediately from and after such change.
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Related to CAD Base Rate

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • Fixed Base Rate means, for each Disbursed Amount, the equivalent of the London interbank offered rate for six-month deposits in dollars for value on the Rate Fixing Date for such Disbursed Amount, expressed as a single fixed interest rate based on the fixed interest rates corresponding to the repayment installments of such Disbursed Amount, as reasonably determined by the Bank and expressed as a percentage per annum.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

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

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.