Canadian Prime Rate Loans definition

Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

Canadian Prime Rate Loans means any Loans or portion thereof denominated in Canadian Dollars and on which interest is payable based on the Canadian Prime Rate in accordance with the terms hereof.

Canadian Prime Rate Loans. Loans denominated in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.

Examples of Canadian Prime Rate Loans in a sentence

• At any time that Canadian Prime Rate Loans are outstanding, the Canadian Sub-Agent shall notify TCCI and the Tranche B Lenders of any change in the Canadian Prime Rate promptly following the public announcement of a change in a Canadian Reference Bank’s “prime rate” by any Canadian Reference Bank.

• Committed Tranche B Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Notes, as further provided herein.

• All computations (a) of interest for Base Rate Loans when the Base Rate is determined by BNP Paribas’s United States “prime rate”, (b) of interest for Canadian Prime Rate Loans and (c) of interest for Tranche C Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

• Committed Tranche B Loans may be Base Rate Loans, Eurocurrency Rate Loans or Canadian Prime Rate Loans, as further provided herein.

• Interest on LIBOR Rate Loans and all fees (except for Stamping Fees) shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and interest on Canadian Prime Rate Loans, Base Rate Loans and Stamping Fees shall be computed on the basis of a 365/366-day year and assessed for the actual number of days elapsed.

More Definitions of Canadian Prime Rate Loans

Canadian Prime Rate Loans. Canadian Revolving Loans which are denominated in Canadian Dollars and in respect of which the Canadian Borrower or the U.S. Borrower is obligated to pay interest in accordance with Section 4.5 at the Canadian Prime Rate plus the Applicable Margin.

Canadian Prime Rate Loans means Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

Canadian Prime Rate Loans means any Canadian Term Loan or Canadian Revolving Loan designated or deemed designated as such by the relevant Canadian Revolving Borrower, at the time of the incurrence thereof or conversion thereto.

Canadian Prime Rate Loans means (i) each Canadian Swingline Loan, (ii) each Canadian Revolving Loan designated or deemed designated as such by DBF at the time of the incurrence thereof or conversion thereto and (iii) Canadian Term Loans designated or deemed designated as such by DBF at the time of the incurrence thereof or conversion thereto."

Canadian Prime Rate Loans means each portion of the Advances that bears interest at a rate determined by reference to the Canadian Prime Rate.

Canadian Prime Rate Loans means the Loans bearing interest with reference to the Canadian Prime Rate.

Canadian Prime Rate Loans all Loans that are bearing interest at a ------------------------- rate based upon the Canadian Prime Rate.