Canadian US Dollar Base Rate Loan means a US Dollar-denominated Canadian Loan to a Canadian Borrower which does not bear interest at a rate based upon the Eurodollar Rate.
Examples of Canadian US Dollar Base Rate Loan in a sentence
Until each US Revolver Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04, or each Canadian Revolver Lender funds its Canadian Prime Rate Loan or Canadian US Dollar Base Rate Loan, as applicable, or risk participation pursuant to this Section 2.04, in each case to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Applicable Swing Line Lender.
No continuation of a Eurodollar Rate Loan or conversion of a Base Rate Loan or Canadian US Dollar Base Rate Loan into a Eurodollar Rate Loan may combine a US Revolver Loan or a Canadian Revolver Loan into a single Eurodollar Rate Loan.