Canadian Dollar Advance definition

Canadian Dollar Advance has the meaning specified in the definition of Advance.
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Canadian Dollar Advance has the meaning set forth in the definition of “Advance”.
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Canadian Dollar Advance means a direct advance of cash in Canadian ----------------------- Dollars by the Agent on behalf of the Banks, or by a Bank, to the Borrower comprising a Borrowing in respect of which interest is calculated and payable at the Adjusted Prime Rate;
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Examples of Canadian Dollar Advance in a sentence

  • However, where a Conversion takes place from a US Dollar Advance to a Canadian Dollar Advance, or vice versa, the same may be effected only by the Borrower repaying the entire Principal Outstanding under the existing Advance (together with all accrued and unpaid interest thereon), in the currency of such existing Advance, and receiving the proceeds of the new Advance in the currency of such new Advance.

Related to Canadian Dollar Advance

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Canadian Dollars means the lawful currency of Canada.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Dollar Loan means a Loan denominated in Dollars.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Alternative Currency means each of Euros, Canadian Dollars and Sterling and any other currency added as an “Alternative Currency” pursuant to Section 1.07 hereof.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.