CAD Loan definition

CAD Loan means each Loan made in CAD.
Sample 1Sample 2Sample 3
CAD Loan means a CAD Revolving Credit Loan or a CAD Term Loan.
Sample 1Sample 2Sample 3
CAD Loan means a CAD Base Rate Loan or CAD Fixed Rate Loan.
Sample 1

Examples of CAD Loan in a sentence

  • The CAD Loan can be repaid by the Company at any time without penalty, is unsecured and is payable on demand.

  • The CAD Loan has a maximum facility of $44,500,000 and bears interest at 20% per annum.

  • If the Canadian Benchmark Replacement is Daily Compounded XXXXX, all interest payments for any CAD Loan will be payable on a quarterly basis.

  • As at March 31, 2023, the Company has drawn $43,838,077 (June 30, 2022 - $43,838,077) against the CAD Loan facility.

  • Canadian Borrowers shall have executed and delivered to each Canadian Bank its CAD Loan Note.

  • The obligation of Canadian Borrowers to repay the CAD Loans made by each Canadian Bank and to pay interest thereon shall be evidenced by a CAD Loan Note of Canadian Borrowers in the form of EXHIBIT C hereto, dated the Activation Date, and payable to the order of such Canadian Bank in the principal amount of its Canadian Commitment, or, if less, the aggregate 23 unpaid principal amount of CAD Loans made hereunder by such Canadian Bank.

  • During the year ended June 30, 2017, the Company and Tulla extended the CAD Loan to a maximum facility of $44,500,000, of which $43,838,077 was drawn at June 30, 2017.

  • All payments (including prepayments) of principal and interest on any CAD Loan and all payments with respect to the facility fee for or any other payment with respect to the Canadian Commitments shall be made in same day CAD funds at the Designated Lending Office for the benefit of the Canadian Banks.

  • SHORT TERM AND LONG TERM LOANS, continued Bank loans as at December 31, 2013: Loan amount in CAD Loan amount in RMB Maturity DateInterest rate per annum During the year ended December 31, 2013, the Company has signed loan refinancing agreements with Agricultural Bank of China, Bank of China, Construction Bank of China and Bank of Communication.

  • Canadian Borrowers' use of the proceeds of the CAD Loan Notes shall be for working capital and other general corporate purposes of the Canadian Borrowers.


More Definitions of CAD Loan

CAD Loan means any CAD Loan, as defined in the Credit Agreement, granted by the Canadian Banks pursuant to the Credit Agreement.
Sample 1

Related to CAD Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.