CAD Loan definition

CAD Loan means each Loan made in CAD.
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CAD Loan means a CAD Revolving Credit Loan or a CAD Term Loan.
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CAD Loan means a CAD Base Rate Loan or CAD Fixed Rate Loan.
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Examples of CAD Loan in a sentence

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

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

  • Subject to the terms and conditions of this Agreement, during the Canadian Commitment Period, the Canadian Banks shall make a CAD Loan or CAD Loans to any Canadian Borrower in such amount or amounts as such Canadian Borrower may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the aggregate amount of the Canadian Commitments.

  • 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.

  • 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.

  • Each request by a Canadian Borrower for the making, conversion or continuation of a CAD Loan shall be deemed to be a joint and several request by all Canadian Borrowers.

  • 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.

  • Each Canadian Borrower hereby authorizes any other Canadian Borrower to request a CAD Loan hereunder and agrees that it is receiving or will receive a direct pecuniary benefit therefor.


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.
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Related to CAD Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • 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.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

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

  • Term Loan as defined in Section 2.1.