Canadian Prime Rate Loan definition

Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.
Canadian Prime Rate Loan means a Canadian Revolving Loan, Canadian Swingline Loan or Canadian Agent Advance bearing interest at a rate determined by reference to the Canadian Prime Rate in accordance with the provisions of Article II.
Canadian Prime Rate Loan means an Advance in, or Conversion into, Canadian Dollars made by the Lenders to the Borrower with respect to which the Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the Canadian Prime Rate.

Examples of Canadian Prime Rate Loan in a sentence

  • Except as provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Canadian Prime Rate Loan, US Index Rate Loans, or Domestic Prime Rate Loans, as applicable, shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or the Equivalent Amount thereof).

  • Any amount which is added to the principal balance of the applicable Loan Account as provided in this Section 2.02(c) shall be deemed to be a Domestic Prime Rate Loan, US Index Rate Loan or a Canadian Prime Rate Loan, as applicable.


More Definitions of Canadian Prime Rate Loan

Canadian Prime Rate Loan a Canadian Revolver Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Canadian Prime Rate.
Canadian Prime Rate Loan. Loans the rate of interest applicable to which is based upon the Canadian Prime Rate.
Canadian Prime Rate Loan means a Canadian Loan bearing interest at a fluctuating rate determined by reference to the Canadian Prime Rate.
Canadian Prime Rate Loan means a Swingline Loan denominated in Canadian Dollars.
Canadian Prime Rate Loan means any Revolving Loan made by the Revolving Lenders to the Canadian Borrower in Canadian Dollars and accruing interest based on the Canadian Prime Rate.
Canadian Prime Rate Loan a Revolving Credit Loan available to a Canadian Revolving Credit Borrower, denominated in Canadian Dollars and bearing interest based on the Canadian Prime Rate as further set forth in subsection 2.14(b).
Canadian Prime Rate Loan means a Loan that bears interest at a rate based on the Canadian Prime Rate. All Canadian Prime Rate Loans shall be denominated in Canadian Dollars. 136129539