Canadian LIBOR Rate means, with respect to any Interest Period relating to a Canadian LIBOR Advance, the British Bankers’ Association Interest Settlement Rate per annum for deposits in U.S. Dollars for a period equal to such Interest Period appearing on the display designated as Page 3750 on the Dow Jxxxx Markets Service (or such other page on that service or such other service designated by the British Bankers’ Association for the display of such Association’s Interest Settlement Rates for Dollar deposits) as of 11:00 a.m. (London, England time) on the day that is two Business Days prior to the first day of the Interest Period or if such Page 3750 is unavailable for any reason at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and such time; provided, that if the Canadian Funding Agent determines that the relevant foregoing sources are unavailable for the relevant Interest Period, Canadian LIBOR Rate shall mean the rate of interest determined by the Canadian Funding Agent to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in U.S. Dollars are offered to the Canadian Funding Agent two (2) Business Days preceding the first day of such Interest Period by leading banks in the London interbank market as of 10:00 a.m. (New York, New York time) for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the Canadian LIBOR Advance of the Canadian Funding Agent.
Canadian LIBOR Rate means, in respect of each Interest Period, the London Interbank market rate of interest for deposits in Canadian dollars in amounts comparable to that of the aggregate principal amount of the Installment Notes for a 90-day period which appears on Telerate Page 3740 of the Dow Jones Telerate Service (or such other page as may be designated as a replacement page for such deposits) as of 11:00 a.m. (London time) two business days in London before the first day of such Interest Period; provided that if such rate is not available as of such time, then the rate for such Interest Period shall mean a rate determined by the Offeror, acting reasonably, that most closely approximates such rate.
Canadian LIBOR Rate. For any Interest Period with respect to any Canadian LIBOR Rate Loan, the rate per annum determined by the Canadian Agent pursuant to the following formula: Canadian LIBOR Rate = Eurodollar Base Rate
Examples of Canadian LIBOR Rate in a sentence
Loans bearing interest calculated by reference to the Domestic LIBOR Rate (other than, for the avoidance of doubt, Domestic Base Rate Loans bearing interest by reference to the Domestic LIBOR Rate as provided in the definition of “Domestic Base Rate”), Canadian LIBOR Rate, Sterling LIBOR Rate, EURIBOR Rate, or U.K. Dollar LIBOR Rate, as the case may be.
Except as otherwise provided in the definition of the term "Interest Period" with respect to LIBOR Rate Loans and Canadian LIBOR Rate Loans, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a US or Canadian Business Day (as the case may be) the due date for such payment shall be extended to the next succeeding US or Canadian Business Day (as the case may be) and interest shall accrue during such extension.
No Interest Period relating to the Canadian Term Loan or any portion thereof bearing interest at the Canadian LIBOR Rate shall extend beyond the date on which the regularly scheduled installment payments of the principal of the Canadian Term Loan is to be made, unless a portion of the Canadian Term Loan at least equal to such installment payments has an Interest Period ending on such date.
All computations of interest on LIBOR Rate Loans, Canadian LIBOR Rate Loans and of Commitment Fees, Letter of Credit Fees or other fees shall, unless otherwise expressly provided herein, be based on a 360-day year and paid for the actual number of days elapsed.
Canadian Loans denominated in U.S. Dollars that bear interest calculated by reference to the Canadian LIBOR Rate.
More Definitions of Canadian LIBOR Rate
Canadian LIBOR Rate. In respect of each Interest Period for a Canadian LIBOR Rate Loan, means (a) the applicable Screen Rate for such Interest Period or (b) if the applicable Screen Rate shall not be available, the rate per annum determined by the Administrative Agent as the rate of interest at which deposits in Canadian Dollars for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount of the Canadian LIBOR Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America's London Branch (or other Bank of America branch or Affiliate) to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) two Canadian Business Days prior to the first day of such Interest Period. Canadian LIBOR Rate Loans. All or any portion of the Canadian Term Loan bearing interest calculated by reference to the Canadian LIBOR Rate.
Canadian LIBOR Rate means, in respect of each Interest Period, the London Interbank market rate of interest for deposits in Canadian dollars in amounts comparable to that of the aggregate principal amount of the Securities for a 90-day period which appears on Telerate Page 3740 of the Dow Xxxxx Telerate Service (or such other page as may be designated as a replacement page for such
Canadian LIBOR Rate. The term "
Canadian LIBOR Rate means, in respect of each Interest Period, the London Interbank market rate of interest for deposits in Canadian dollars in amounts comparable to that of the aggregate principal amount of the Securities for a 90-day period which appears on Telerate Page 3740 of the Dow Xxxxx Telerate Service (or such other page as may be designated as a replacement page for such deposits) as of 11:00 a.m. (London time) two business days in London before the first day of such Interest Period; provided that if such rate is not available as of such time, then the rate for such Interest Period shall mean a rate determined by the Company, acting reasonably, that most closely approximates such rate.
Canadian LIBOR Rate means, with respect to any Interest Period relating to a Canadian LIBOR Advance, the British Bankers’ Association Interest Settlement Rate per annum for deposits in U.S. Dollars for a period equal to such Interest Period appearing on the display designated as Page 3750 on the Dow Jones Markets Service (or such other page on that service or such other service designated by the British Bankers’ Association for the display of such Association’s Interest Settlement Rates for Dollar deposits) as of 11:00 a.m. (London, England time) on the day that is two Business Days prior to the first day of the Interest Period or if such Page 3750 is unavailable for any reason at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and such time; provided, that if the Canadian Funding Agent determines that the relevant foregoing sources are unavailable for the relevant Interest Period, Canadian LIBOR Rate shall mean the rate of interest determined by the Canadian Funding Agent to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in U.S. Dollars are offered to the Canadian Funding Agent two (2) Business Days preceding the first day of such Interest Period by leading banks in the London interbank market as of 10:00 a.m. (New York, New York time) for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the Canadian LIBOR Advance of the Canadian Funding Agent.
Canadian LIBOR Rate means the annual rate of interest equal to the average rate applicable to Canadian Dollar bankers’ acceptances for the applicable Interest Period appearing on the “Reuters Screen CDOR Page” (as defined in the International Swaps and Derivatives Association, Inc. 2000 definitions, as modified and amended from time to time), rounded to the nearest 1/100th of 1% (with .005% being rounded up), at approximately 10:00 a.m. (Toronto time), on such day, or if such day is not a Business Day, then on the immediately preceding Business Day, provided that if such rate does not appear on the Reuters Screen CDOR Page on such day as contemplated, then the Canadian LIBOR Rate on such day shall be calculated as the average of the rates for such period applicable to Canadian Dollar bankers’ acceptances quoted by the banks listed in Schedule I of the Bank Act (Canada) as of 10:00 a.m. (Toronto time) on such day or, if such day is not a Business Day, then on the immediately preceding Business Day for a term and in an amount comparable to the Interest Period and the amount of the Canadian LIBOR Rate Loan requested (whether as an initial Canadian LIBOR Rate Loan or as a continuation of a Canadian LIBOR Rate Loan or as a conversion of a Canadian Base Rate Loan to a Canadian LIBOR Rate Loan) by the Canadian Borrower in accordance with the Agreement, which determination shall be conclusive in the absence of manifest error.
Canadian LIBOR Rate. In respect of each Interest Period for a Canadian LIBOR Rate Loan, the rate for deposits in Canadian Dollars for a period comparable to such Interest Period which appears on Telerate Page 3740 of the Dow Xxxxx Market Service (formerly known as the Telerate Service) (or such other page as may be designated as a replacement page for such deposits) as of 11:00 a.m. (London time) two Canadian Business Days before the first day of such Interest Period. Canadian LIBOR Rate Loans. All or any portion of the Canadian Term Loan bearing interest calculated by reference to the Canadian LIBOR Rate.