Canadian Prime Rate Loan definition

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

Examples of Canadian Prime Rate Loan in a sentence

  • Until each Revolving Lender funds its Revolving Loan that is a Base Rate Loan or Canadian Prime Rate Loan, as applicable, or participation pursuant to this Section 2.03 to refinance such Lender’s Pro Rata Share of any Swing Line Loan made by the Swing Line Lender, interest in respect of such Xxxxxx’s share thereof shall be solely for the account of the Swing Line Lender.


More Definitions of Canadian Prime Rate Loan

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.
Canadian Prime Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.
Canadian Prime Rate Loan means a Canadian Loan in CD$ that bears interest based on the Canadian Prime Rate.
Canadian Prime Rate Loan means a Loan which bears interest at the Canadian Prime Rate.
Canadian Prime Rate Loan means a Swingline Loan denominated in Canadian Dollars.
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 (i) a Canadian Prime Rate Committed Loan or (ii) a Swing Line Loan that bears interest at a rate based on the Canadian Prime Rate.