Canadian Fixed Rate Loan definition

Canadian Fixed Rate Loan means a Loan which, except as provided in Section 2.12, bears interest at the Canadian Derived Fixed Rate.
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Canadian Fixed Rate Loan means a Revolving Loan described in subsection 3 of Section 2.1A hereof on which Canadian Borrowers shall pay interest at a rate based on the Eurodollar Rate.
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Canadian Fixed Rate Loan a Canadian Revolving Credit Loan or a portion of the Canadian Term Loan maintained as a Canadian Offshore Rate Loan or a Canadian BA Rate Loan, as applicable.
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Examples of Canadian Fixed Rate Loan in a sentence

  • If Borrower Representative desires to continue a Canadian Fixed Rate Loan, Borrower Representative shall give Administrative Agent and Canadian Lender a Canadian Fixed Rate Loan Request no later than 11:00 a.m. (Toronto time) on the third Business Day prior to the requested continuation date.

  • If by reason of an Event of Default, Administrative Agent or Majority Lenders elect to declare the Obligations to be immediately due and payable, then any yield maintenance fee with respect to a LIBOR Loan or a Canadian Fixed Rate Loan, as the case may be, shall become due and payable in the same manner as though Borrowers had exercised such right of prepayment.

  • The resulting amount shall be due to the applicable Lender upon the prepayment of a LIBOR Loan or a Canadian Fixed Rate Loan, as the case may be, pursuant to clause (i) above and otherwise upon demand.

  • If Borrower Representative desires to convert a Canadian Base Rate Loan, Borrower Representative shall give Administrative Agent and Canadian Lender a Canadian Fixed Rate Loan Request no later than 11:00 a.m. (Toronto time) on the third Business Day prior to the requested conversion date.

  • Each Lender, at its option, may make any Canadian Fixed Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement, and shall not be inconsistent with the duty of such Lender under Section 2.16(a) to minimize amounts payable by the Borrower under Section 2.12 or 2.14.

  • Each Canadian Fixed Rate Loan Request shall be irrevocable and binding on Canadian Borrowers.

  • Canadian Borrowers shall pay interest in CAD on the unpaid principal amount of each Canadian Fixed Rate Loan outstanding from time to time, from the date thereof until paid, at the Derived Canadian Fixed Rate, fixed in advance for each Interest Period as herein provided for each such Interest Period.

  • Provided that no Default or Event of Default has occurred which is then continuing, Borrower Representative may, on any Business Day, convert any Canadian Base Rate Loan into a Canadian Fixed Rate Loan; provided that any Canadian Base Rate Loans denominated in U.S. Dollars may only be converted into Canadian Offshore Rate Loans and Canadian Base Rate Loans denominated in Canadian Dollars may only be converted into Canadian BA Rate Loans.

  • Canadian Borrower shall give to the Canadian Funding Agent (with a copy to Agent), irrevocable written notice of prepayment of any Canadian Base Rate Loan or Canadian Swing Loan not later than 11:00 A.M. (Eastern time) on the Business Day such prepayment is to be made and written notice of the prepayment of any Canadian Fixed Rate Loan not later than 1:00 P.M. (Eastern time) three Business Days before the Business Day on which such prepayment is to be made.

  • If Borrower Representative shall fail to give timely notice of its election to continue any Canadian Fixed Rate Loan or portion thereof as provided above, or if such continuation shall not be permitted, such Canadian Fixed Rate Loan or portion thereof, unless such Canadian Fixed Rate Loan shall be repaid, shall automatically be converted into a Canadian Base Rate Loan at the end of the Interest Period then in effect with respect to such Canadian Fixed Rate Loan.


More Definitions of Canadian Fixed Rate Loan

Canadian Fixed Rate Loan means a CAD CDOR Loan or a Canadian Eurodollar Loan.
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Canadian Fixed Rate Loan. Canadian Letter of Credit Commitment", "Canadian Letter of Credit Exposure", "Canadian Revolving Credit Commitment", "Designated Lending Office", "Dollar Equivalent", "Indenture", "Required Banks", "Total Unused Credit Availability" therefrom in their entirety and to insert in place thereof, respectively, the following:
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Canadian Fixed Rate Loan means a Loan that bears interest based on the Canadian Fixed Rate.
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Related to Canadian Fixed Rate Loan

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

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

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

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

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

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

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

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

  • 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.

  • 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.

  • Dollar Loan means a Loan denominated in Dollars.

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

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

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

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • 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).