Examples of Canadian CDOR Rate in a sentence
Any such automatic conversion to Base Rate Loans or Canadian Prime Rate Loans, as the case may be, shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans or applicable Canadian CDOR Rate Loans, as the case may be.
If a Borrower fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars in the case of Eurocurrency Rate Loans and Base Rate Loans and Canadian Dollars in the case of Canadian CDOR Rate Loans and Canadian Prime Rate Loans.
Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Rate Loans, as further provided herein.
Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans or Canadian CDOR Rate Loans, as the case may be, shall be in a principal amount of the Dollar Equivalent of $1,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof.
If a Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans or Canadian CDOR Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.