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 specified in the definition of “Advances”.
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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.

  • If the Borrower's Designee fails to so notify the Agent, or the Borrower fails to so pay the Bankers' Acceptances, the BA Advance shall be converted to a Canadian Dollar Advance on the maturity date of such Bankers' Acceptances.

  • Where a Conversion takes place from a US Dollar Advance to a Canadian Dollar Advance, or vice versa, the Conversion may be effected only by the applicable 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.

  • Each Canadian Dollar Advance Borrowing shall be in the minimum amount of Cdn.$50,000 and in integral multiples of the same and each U.S. Dollar Advance shall be in the minimum amount of U.S.$50,000 and in integral multiples of the same.

  • The Borrower may not elect to change or convert a Canadian Dollar Advance to a U.S. Dollar Advance or a U.S. Dollar Advance to a Canadian Dollar Advance.

  • A Borrower may not elect to change or convert a Canadian Dollar Advance to a U.S. Dollar Advance or a U.S. Dollar Advance to a Canadian Dollar Advance.

  • A Canadian Dollar Advance shall be designated as a “Prime Rate Advance” and a US Dollar Advance may be designated from time to time, as requested or deemed to have been requested by a Borrower, as a “NY Prime Rate Advance”, a “Base Rate Advance” or a “LIBOR Advance”.

Related to Canadian Dollar Advance

  • Alternative Currency Term Rate Loan means a Committed 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 Committed 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.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Canadian Dollars means the lawful money of Canada.

  • Canadian Dollar means the lawful currency of Canada.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Dollar Loan means a Loan denominated in Dollars.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank 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 Borrowing means a Borrowing comprised of Base Rate Loans.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

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

  • Reference Currency means the currency specified as such in the applicable Final Terms.

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

  • 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.