Canadian Interest Period definition

Canadian Interest Period has the meaning set forth in Section 2.13.
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Canadian Interest Period means, relative to any Acceptance, a period of 30, 60, 90 or 180 days after the date of issuance, rollover or conversion, as the case may be, as the Domestic Borrower, on behalf of itself or the Canadian Borrower, may select in its relevant notice pursuant to Section 2.4 or Section 5.2; provided, however, that:
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Examples of Canadian Interest Period in a sentence

  • Unless the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, requests a new Canadian BA Borrowing in accordance with the procedures set forth below, the Alternative Currency Lender shall automatically and without request by the Domestic Borrower or the Canadian Borrower, as applicable, make a Canadian Base Rate Loan on the last day of the relevant Canadian Interest Period in an amount sufficient to pay in full all Acceptances maturing on such day.

  • Each such notice shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by Work Wear if so requested by the Canadian Agent (in the form of EXHIBIT I), shall be effective when received by the Canadian Agent, and shall specify the first day of the applicable Canadian Interest Period, the amount of the new Acceptances to be created and the Canadian Interest Period therefor.

  • Each new Canadian Interest Period shall begin on a Canadian Business Day and the aggregate amount of the new Acceptances being created shall be in an amount equal to C$1,500,000 or a higher integral multiple of C$500,000.

  • Unless Work Wear requests creation and discounting of new Acceptances in accordance with the procedures set forth below, each Canadian Bank shall automatically and without request by Work Wear, make a Canadian Floating Rate Advance on the last day of the relevant Canadian Interest Period in an amount sufficient to pay in full all Acceptances maturing on such day.

  • The Borrowers may not repay any LIBOR Rate Loan or any Alternative Currency Loan on any day other than on the last day of the Interest Period or the Canadian Interest Period, if any, applicable thereto unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.12.

  • The applicable BA Purchase Price for each Canadian Interest Period shall be determined by the Administrative Agent between the opening of business and 12:00 noon (the time of the Administrative Agent’s Correspondent) on the first Canadian Business Day of such Canadian Interest Period, whereupon notice thereof (which may be by telephone) shall be given by the Administrative Agent to the Domestic Borrower or the Canadian Borrower, as applicable, and to the Alternative Currency Lender.

  • The Borrowers may not repay any Eurocurrency Rate Loan or any Alternative Currency Loan on any day other than on the last day of the Interest Period or the Canadian Interest Period, if any, applicable thereto unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.12.

  • Each such notice shall be effective upon receipt by the Canadian Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by Work Wear if so requested by the Canadian Agent (in the form of EXHIBIT H), shall specify the date and amount of such conversion, the total amount of Canadian Revolving Advances to be so converted and the Canadian Interest Period therefor.

  • Drafts tendered by Work Wear for acceptance by a Canadian Bank shall be in the form provided by such Canadian Bank to Work Wear and shall (i) be in the amount of C$100,000, C$500,000 or C$1,000,000, individually and shall total such Canadian Bank's Percentage of a Borrowing, (ii) be dated the date of the Borrowing, (iii) mature and be payable by Work Wear on the last day of the Canadian Interest Period designated by Work Wear with respect to such Drafts.

  • The applicable BA Purchase Price for each Canadian Interest Period shall be determined by the Administrative Agent between the opening of business and 12:00 noon (the time of the Administrative Agent's Correspondent) on the first Canadian Business Day of such Canadian Interest Period, whereupon notice thereof (which may be by telephone) shall be given by the Administrative Agent to the Domestic Borrower or the Canadian Borrower, as applicable, and to the Alternative Currency Lender.

Related to Canadian Interest Period

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • LIBOR Interest Period means, with respect to a LIBOR Advance, a period of one, two, three or six months (to the extent that periods in excess of three months are generally available from the Lenders), as selected in advance by the Borrower.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Interest Percentage With respect to any Class of Certificates and any Distribution Date, the ratio (expressed as a decimal carried to six places) of the Accrued Certificate Interest for such Class to the sum of the Accrued Certificate Interest for all Classes, in each case with respect to such Distribution Date, without regard to Relief Act Interest Shortfalls.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Floating Rate Interest Period means each period commencing on the date of the Closing and, thereafter, commencing on a Floating Rate Interest Payment Date and continuing up to, but not including, the next Floating Rate Interest Payment Date.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Period means, as to each Eurodollar Rate Advance comprising part of the same Borrowing, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, if available to all Lenders, 9 or 12 months) thereafter, as specified by Borrower in the applicable Request for Borrowing or Request for Continuation/Conversion provided that:

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

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

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

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • 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.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • 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).