Canadian Base Rate Loans definition

Canadian Base Rate Loans all Canadian Revolving Credit Loans denominated in U.S. Dollars, which shall bear interest at a rate based upon the Canadian Base Rate.
Canadian Base Rate Loans. Loans bearing interest at a rate determined by reference to the Canadian Base Rate.
Canadian Base Rate Loans. All or any portion of any Canadian Revolving Loan bearing interest calculated by reference to the Canadian Base Rate. “Canadian Borrower”. See preamble.

Examples of Canadian Base Rate Loans in a sentence

  • All repayments of any Revolving Loans or Term Loans that are denominated in Dollars or Canadian Dollars shall be applied as follows: first, to repay such Loans outstanding as Base Rate Loans or Canadian Base Rate Loans, as applicable, and second, to repay such Loans outstanding as Eurocurrency Rate Loans or BA Rate Loans, with those Eurocurrency Rate Loans or BA Rate Loans having earlier expiring Interest Periods being repaid prior to those having later expiring Interest Periods.

  • Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans.

  • Any such automatic conversion to Base Rate Loans, Canadian Base Rate Loans or Canadian Prime Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans or BA Rate Loans.

  • All computations of interest for Base Rate Loans when the Base Rate is determined by the Prime Rate, all computations of interest for Canadian Base Rate Loans and all computations of interest for CDOR Rate Loans shall be made on the basis of a year of 365 or 366 days, as applicable, and actual days elapsed.

  • Any overdue principal of or interest on any Canadian Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Canadian Base Rate Loans for such day.


More Definitions of Canadian Base Rate Loans

Canadian Base Rate Loans means any Canadian Dollar Loans or portion thereof on which interest is payable based on the Canadian Base Rate in accordance with the terms hereof.
Canadian Base Rate Loans means Canadian Dollar Loans made by Canadian Lenders pursuant to subsection 2.1A(i) and bearing interest at rates determined by reference to the Canadian Base Rate as provided in subsection 2.2A.
Canadian Base Rate Loans means Advances that bear interest based upon the Alternate Canadian Base Rate.
Canadian Base Rate Loans means, collectively, CA U.S. Base Rate Loans and Canadian Prime Rate Loans.
Canadian Base Rate Loans means Canadian Term Loans denominated in Dollars and bearing interest at rates determined by reference to the Canadian Base Rate as provided in subsection 2.2A.
Canadian Base Rate Loans means any Loans or portion thereof on which interest is payable based on the Canadian Base Rate in accordance with the terms thereof.
Canadian Base Rate Loans all Canadian Facility Loans denominated in ------------------------ U.S. Dollars that are bearing interest at a rate based upon the Canadian Base Rate.