CAD CDOR Loan definition

CAD CDOR Loan means a Loan bearing interest at a rate specified in Section 1.4(d) hereof.
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CAD CDOR Loan means a Canadian Revolving Loan that shall be denominated in Canadian Dollars and on which Canadian Borrower shall pay interest at a rate based on the Derived CAD Fixed Rate.
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Examples of CAD CDOR Loan in a sentence

  • If the Canadian Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation 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 continue as a CAD CDOR Loan for an Interest Period of one month.

  • Canadian Borrower shall pay interest on the unpaid principal amount of each CAD CDOR Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived CAD Fixed Rate.

  • Interest on such CAD CDOR Loan shall be payable on each Interest Adjustment Date with respect to an Interest Period (provided that if an Interest Period shall exceed ninety (90) days, the interest must be paid every ninety (90) days, commencing ninety (90) days from the beginning of such Interest Period).

  • No Canadian Eurodollar Loan may be converted to a Canadian Base Rate Loan or CAD CDOR Loan and no Canadian Base Rate Loan or CAD CDOR Loan may be converted to a Canadian Eurodollar Loan.

  • With respect to any Canadian CAD Base Rate Loan, CAD CDOR Loan or Canadian CAD Swing Loan, all payments (including prepayments) to the Canadian Lenders of the principal of or interest on such Canadian Revolving Loan or other payment shall be made in Canadian Dollars.

  • At the request of Canadian Borrower to Canadian Funding Agent (with a copy to Agent), subject to the notice and other provisions of this Section 2.6, the Canadian Lenders shall convert a Canadian Base Rate Loan to one or more CAD CDOR Loans at any time and shall convert a CAD CDOR Loan to a Canadian Base Rate Loan on any Interest Adjustment Date applicable thereto.