CAD Term Loan definition
Examples of CAD Term Loan in a sentence
Notwithstanding anything to the contrary contained herein, each CAD Term Lender may, at its option, fulfill its obligations to make any CAD Term Loan available to the Borrowers by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that the exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in accordance with the terms of this Agreement.
On the Closing Date, the U.S. Borrower shall execute and deliver to Lender the CAD Term Note to evidence its continuing obligations in respect of the CAD Term Loan.
The CAD Term Loan shall bear interest at the Applicable Rate, calculated and payable in the manner described in Section 2.2.1, from the date hereof on the unpaid principal amount thereof from time to time outstanding.
All payments of principal and interest with respect to Advances under the Canadian Line of Credit and the CAD Term Loan shall be made in CAD; all payments of principal and interest with respect to Advances under the German Line of Credit shall be made in DM; and all other payments hereunder shall be made in Dollars; in each case in funds immediately available to Lender in Atlanta, Georgia.
Any prepayment made by the U.S. Borrower under this Section 2.4 shall be applied, first, to prepay Term Loan B until fully paid, then to pay the scheduled installments of Term Loan A in inverse order of maturity until such Loan shall have been prepaid in full, and then to prepay the scheduled installments of the CAD Term Loan in inverse order of maturity until such Loan has been prepaid in full.
The outstanding principal balance of the CAD Term Loan shall continue to be repaid by the U.S. Borrower in quarterly installments in accordance with the amortization schedule set forth in the CAD Term Note; provided, however, that the final such installment, which shall be due and payable on September 1, 2002, shall be in such amount as is required to pay in full the unpaid principal balance of the CAD Term Loan, together with all accrued and unpaid interest thereon.
The outstanding principal balance of the CAD Term Loan shall continue to be repaid by the U.S. Borrower in quarterly installments in accordance with the amortization schedule set forth in the CAD Term Note; provided, however, that the final such installment, due and payable on December 1, 2002, shall be in such amount as is required to pay in full the unpaid principal balance of the CAD Term Loan, together with all accrued and unpaid interest thereon.
On any Increase Effective Date on which an Incremental Term Loan Facility is effective, subject to the satisfaction of the foregoing terms and conditions, each Lender participating in such Incremental Term Loan Facility shall make a Term A-1 Loan, Term A-2 Loan, Term A-3 Loan or CAD Term Loan, as applicable, to the Borrower in an amount equal to its allocation of such Incremental Term Loan Facility.
The CAD Term Loan may be prepaid, in whole or in part, by the U.S. Borrower at any time or from time to time hereafter following prepayment in full of the Term Loan A and the Term Loan B; provided, however, that any partial prepayment of the CAD Term Loan shall be applied by Lender in the inverse order of the maturities of the principal installments of the CAD Term Loan then remaining unpaid.
The outstanding principal balance of Advances under the Canadian Line of Credit, Advances under the German Line of Credit and the CAD Term Loan, or each outstanding portion thereof, subject to the conditions and limitations set forth in subsection (c) below, shall bear interest at a rate per annum rate equal to the LIBOR Rate plus the Applicable Margin, subject to adjustment as provided in subsection (b) below.