Canadian Prime Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Prime Rate. All Canadian Prime Rate Advances shall be denominated in Canadian Dollars.
Canadian Prime Rate Advance has the meaning specified in the definition of Advance.
Canadian Prime Rate Advance means an advance under the Canadian Prime Rate Facility made in Canadian Dollars.
Examples of Canadian Prime Rate Advance in a sentence
Each Canadian Prime Rate Advance shall bear interest from and including the date of the making of such Advance to (but not including) the date of repayment thereof at the applicable Canadian Prime Rate, changing when and as such Canadian Prime Rate changes, plus the Floating Rate Margin.
Each Syndicated Canadian Advance shall be a CDOR Advance denominated in Canadian Dollars, Eurocurrency Rate Advance denominated in Dollars, Base Rate Advance denominated in Dollars or a Canadian Prime Rate Advance denominated in Canadian Dollars.
If the Canadian Borrower at any time fails to repay a Canadian Swing Line Loan made to such Borrower on the applicable date when due, such Borrower shall be deemed to have elected to borrow a Syndicated Canadian Advance which shall be a Canadian Prime Rate Advance under Section 2.2 as of such date equal in amount to the unpaid amount of such Canadian Swing Line Loan (notwithstanding the minimum amount of Canadian Prime Rate Advances as provided in Section 2.7).
More Definitions of Canadian Prime Rate Advance
Canadian Prime Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(v).
Canadian Prime Rate Advance means a Canadian Borrower Advance made --------------------------- in Canadian Dollars that bears interest as provided in Section 2.08(b)(iii).
Canadian Prime Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Prime Rate. All Canadian Prime Rate Advances shall be denominated in Canadian Dollars. “Canadian Priority Payables Reserve” means, as of any date of determination, an Availability Reserve in such amount as the Agent may determine in its Permitted Discretion to reflect amounts secured by any Liens in Canada, xxxxxx or inchoate, which rank or are capable of ranking in priority to the Liens of the Agent, including any such amounts due and not paid for wages, vacation pay, severance pay, amounts due and not paid under any legislation relating to workers’ compensation or to employment insurance, all amounts deducted or withheld and not paid and remitted when due under the Income Tax Act (Canada), all amounts collected but not remitted when due under the Excise Tax Act (Canada) or otherwise on account of sales tax, goods and services tax, value added tax, harmonized sales tax, excise tax, and any other tax payable pursuant to the Excise Tax Act (Canada) or similar applicable provincial legislation, government royalties,
Canadian Prime Rate Advance means a Canadian Advance denominated in Canadian Dollars that bears interest as provided in Section 2.8(a)(ii). “Canadian Prime Rate Margin” means a rate per annum determined in accordance with the Pricing Schedule. “CCAA” means the Companies’ Creditors Arrangement Act (Canada). “CDOR Rate” means on any date, with respect to a particular term as specified herein, the per annum rate of interest which is the rate based on an average rate applicable to Canadian Dollar bankers’ acceptances for the applicable term appearing on the applicable Bloomberg screen as of 10:00 A.M. on such date, or if such date is not a Business Day, then on the immediately preceding Business Day (as adjusted by the Administrative Agent after 10:00 A.M. to reflect any error in any posted rate or in the posted average annual rate); provided, however, if such rate does not appear on the applicable Bloomberg screen as contemplated, then the CDOR Rate on any date shall be calculated as the arithmetic mean of the rates for the applicable term applicable to Canadian Dollar bankers’ acceptances quoted by the Schedule I Reference Banks as of 10:00 A.M. on such date, or if such date is not a Business Day, then on the immediately preceding Business Day); provided, further, that if the CDOR Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement. “Citibank” has the meaning specified in the preliminary statements. “Commitment” means a Revolving Credit Commitment, a Canadian Commitment, an Australian Commitment, a Letter of Credit Commitment, a Swing Line Commitment or an Additional Currency Facility Commitment. “Commitment Increase” has the meaning specified in Section 2.15. “Commitment Schedule” means the Schedule attached hereto identified as such. “Committed Currencies” means Australian Dollars, Canadian Dollars, Euros, Yen and each other currency (other than US Dollars) that is approved in accordance with Section 1.3. “Communications” has the meaning specified in Section 10.1(d)(ii). “Company” has the meaning specified in the preliminary statements. “Conforming Changes” means, with respect to either the use or administration of an initial Benchmark or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate” (if applicable), the definition of “Canadian Prime Rate” (if applicable), the definition of “Business Day,” the definition o...
Canadian Prime Rate Advance or a “CDOR Loan” and a U.S. Dollar Advance may (in accordance with Article 2 and Article 3) be designated as a “SOFR Loan”, a “Base Rate (Canada) Advance” or “Base Rate (United States) Advance”. Each of a Canadian Prime Rate Advance, a CDOR Loan, a SOFR Loan, a Base Rate (Canada) Advance and a Base Rate (United States) Advance is a “Type” of Advance.
Canadian Prime Rate Advance means an Advance which bears interest at the Canadian Prime Rate. “Canadian Prime Rate Loan” means a Loan which bears interest at the Canadian Prime Rate.
Canadian Prime Rate Advance means a Canadian Advance denominated in Canadian Dollars that bears interest as provided in Section 2.8(a)