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

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

  • 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.

  • 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.

  • You will be asked to respond to questions regarding how you set prices for UCs in order to contribute to the success of your enterprise.

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

  • 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.

  • Upon the Lead Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Lead Borrower may revoke any request for a SOFR Borrowing of, conversion to or continuation of SOFR Revolving Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Lead Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Revolving Loans or Canadian Base Rate Revolving Loans, as applicable.

  • 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.

  • No order for delivery on a contract, procurement of a service or open market purchase shall be issued until the Finance Director certifies that there are unencumbered funds to the credit of the requisitioning department sufficient to pay the cost of the order.

  • Canadian Revolving Loans shall consist of Canadian Base Rate Revolving Loans or Eurodollar Revolving Loans as the Borrowers may request and the Borrowers may borrow, repay and reborrow in accordance with the terms hereof.

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 the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • 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 a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR 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 means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • 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 greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.

  • 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).