CDOR Loan definition

CDOR Loan means a Loan denominated in Canadian Dollars which bears interest at a rate based upon CDOR.

CDOR Loan means a Loan that bears interest at a rate based on the CDOR Screen Rate.

CDOR Loan means a Canadian Dollar denominated Syndicated Canadian Loan or Canadian Swing Line Loan (which is in each case a Bankers’ Acceptance Loan) to the Canadian Borrower, or a portion thereof.

Examples of CDOR Loan in a sentence

• If no election is made pursuant to this Section 2.3.2 at the end of an Interest Period applicable to any CDOR Loan or LIBOR Loan, the applicable Borrower shall be deemed to have elected an Interest Period of one month for such CDOR Loan or LIBOR Loan for the immediately following Interest Period.

• The Loans comprising each CDOR Rate Borrowing shall bear interest at the CDOR Loan Rate for the Interest Period in effect for such CDOR Rate Borrowing plus the Applicable Rate.

• The applicable Alternate Base Rate, Adjusted LIBO Rate and CDOR Loan Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

• Each Lender at its option may make any CDOR Loan or Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

• Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Rollover Date, Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the CDOR Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.

More Definitions of CDOR Loan

CDOR Loan means all or any portion of any Loan bearing interest calculated by reference to CDOR.

CDOR Loan means each Loan bearing interest at the rate determined by reference to the CDOR Rate, designated as such by Canada Borrower at the time of incurrence thereof or conversion thereto.

CDOR Loan or “CDOR Borrowing” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the CDOR Rate.

CDOR Loan means an advance in Canadian Dollars that bears interest at a rate based upon the CDOR Rate;

CDOR Loan a Canadian Revolver Loan funded in Canadian Dollars and bearing interest calculated by reference to the CDOR Rate.

CDOR Loan means an Advance by the Lenders to the Borrowers hereunder in Canadian Dollars and upon which interest accrues at a rate referable to CDOR.

CDOR Loan means a Loan denominated in Canadian Dollars which bears interest at a rate based upon CDOR. “Change in Control” means the acquisition by any Person other than Brookfield Corporation or its Affiliates (or any combination thereof) of Control of any Borrower. “Change in Law” means (a) the adoption of any new Law after the date of this Agreement, (b) any change in any existing Law or in the official interpretation or application thereof by any Governmental Authority after the date of this Agreement, or (c) compliance by the Lender or any of its lenders with any request, guideline or directive (whether or not having the force of law, but in the case of a request, guideline or directive not having the force of law, being a request, guideline or directive with which Persons customarily, and are expected by the relevant Governmental Authority to, comply and nevertheless considered to be binding on a Person or such Person’s property) of any Governmental Authority made or issued after the date of this Agreement. “Control” and similar expressions mean a relationship between two Persons wherein one of such Persons has the power, through the ownership of Equity Securities, by contract or otherwise, to directly or indirectly direct the management and policies of the other of such Persons, and includes, without limitation: (a) in the case of a corporation or a trust, the