Canadian Currency definition
Examples of Canadian Currency in a sentence
All amounts in this Agreement are stated and shall be paid in Canadian Currency, provided that if Guaranteed Obligations are outstanding in a Currency other than Canadian Currency, a Guarantor, at its option, may pay such amounts in such other Currency, to the extent that the Guaranteed Obligations are outstanding in such other Currency.
All payments to or by the Insurer under this policy shall be paid in Canadian Currency.
Within the foregoing limits and subject to the terms and conditions set forth herein, the Canadian Borrowers may borrow, prepay and reborrow Canadian Currency Loans.
Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of Revolving Loans, Available Currency Loans, Canadian Currency Loan or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement.
CDOR Rate Borrowings and Canadian Prime Rate Borrowings are available only to the Canadian Borrowers with respect to Canadian Currency Loans.
Each Canadian Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Canadian Currency Lender the then unpaid principal amount of each Canadian Currency Loan made to such Canadian Borrower by such Canadian Currency Lender on the Revolving Maturity Date.
The Available Currency Rate is not available for Canadian Currency Loans made to the Canadian Borrowers.
Abandoned Property $50.00 Account Closure* $10.00 ACH Originated Loan Payment $10.00 each All Copies (any GFA docs, up to 10 pages) $7.50 min Coin Machine Service (over $100.00) 5% Canadian Currency, exchange rate plus $10.00 Foreign Check Processing (per check) $15.00 Inactivity Fee** $5.00/mth Insufficient/Overdraft Paid $30.00/item Insufficient/Overdraft Returned $30.00/item Items Sent for Collection $25.00/item Levy $75.00 Lost Passbook $12.50 Money Order $3.00 Non-Member Check cashing inc.
The purchase of participations in Canadian Currency Loans pursuant to this paragraph shall not relieve any Borrower of any default in the payment thereof.
Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Canadian Currency Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.