Canadian Base Rate Revolving Loans definition

Canadian Base Rate Revolving Loans means Revolving Loans to the Canadian Borrower denominated in Dollars and bearing interest at a rate determined by reference to the Canadian Base Rate.
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Examples of Canadian Base Rate Revolving Loans in a sentence

  • Payments made under (A) shall be applied first pro rata to U.S. Base Rate Revolving Loans and Canadian Base Rate Revolving Loans and then to Eurodollar Revolving Loans (pro rata between those made under the Canadian Revolving Loans and the U.S. Revolving Loans) in direct order of Interest Period maturities.

  • Payments made under (C) shall be applied first to Canadian Base Rate Revolving Loans then to Eurodollar Revolving Loans (pro rata between those made under the Canadian Revolving Loans and the U.S. Revolving Loans) in direct order of Interest Period maturities and finally to that portion of the Canadian Revolving Loan Commitment subject to the creation of Bankers' Acceptances in accordance with the terms of Section 2.5(f).

  • Such request shall be made in writing (which written request shall be deemed to be a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.03, without regard to the minimum and multiples specified therein for the principal amount of ABR Revolving Loans, Canadian Base Rate Revolving Loans or Canadian Prime Rate Revolving Loans, as applicable, but subject to the unutilized portion of the Revolving Facility.

  • All Canadian Base Rate Revolving Loans made in U.S. dollars shall accrue interest at the BNS U.S. Prime Rate or the Adjusted Eurodollar Rate, as appropriate, payable in U.S. dollars.

  • All Canadian Base Rate Revolving Loans made in Canadian dollars shall accrue interest at the Canadian Prime Rate payable in Canadian dollars.

  • All Canadian Revolving Loans advanced on the Effective Date shall be Canadian Base Rate Revolving Loans and may thereafter be converted to Eurodollar Revolving Loans or Bankers' Acceptances in accordance with Section 4.1.

  • Promptly after receipt of a Canadian Notice of Borrowing (or telephonic or electronic notice in lieu thereof), the Agent shall elect to have the terms of Section 1.5(g) or the terms of Section 1.5(i) (in the case of Section 1.5(i), only with respect to Canadian Prime Rate Revolving Loans and Canadian Base Rate Revolving Loans) apply to such requested Borrowing.

  • If such Borrower does not revoke such Notice, the applicable Lenders shall make, convert or continue the Revolving Loans, as proposed by such Borrower, in the amount specified in the applicable notice submitted by such Borrower, but such Revolving Loans shall be made, converted or continued as U.S. Base Rate Revolving Loans (in the case of a U.S. Borrower) or Canadian Base Rate Revolving Loans (in the case of the Canadian Borrower) instead of LIBOR Revolving Loans.

  • Except for Canadian Base Rate Revolving Loans accruing interest at the Canadian Prime Rate for which interest shall accrue on the basis of a 365 or 366 day year, as the case may be, all interest is calculated for the actual days elapsed on the basis of a year consisting of 360 days.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any L/C Disbursement (other than the funding of ABR Revolving Loans, Canadian Base Rate Revolving Loans or Swingline Loans as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower or Subsidiary of its obligation to reimburse such L/C Disbursement.

Related to Canadian Base Rate Revolving Loans

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • New Revolving Loans as defined in Section 2.25.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Credit Loans as defined in Section 2.1.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).