CDOR Period definition

CDOR Period means, with respect to any CDOR Loan, the period commencing on the Business Day on which such CDOR Loan is advanced or continued or another Loan is converted into such CDOR Loan, as applicable, and ending on a Business Day that is one (1), three (3) or six (6) months thereafter (subject to availability) or such other period as may be agreed to by the Lenders in their absolute discretion as selected by the Borrower in a Draw Request.
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CDOR Period means the period for computing interest from time to time on a CDOR Loan as stated herein.
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CDOR Period means with respect to any CDOR Rate Loan, the period commencing on the Business Day such Loan is disbursed or continued or on the Conversion Date on which a Canadian Prime Rate Loan is converted to a CDOR Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Canadian Borrower in its Notice of Revolving Borrowing or Notice of Conversion/Continuation; provided that:
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Examples of CDOR Period in a sentence

  • Interest on each CDOR Loan based on the principal amount of such CDOR Loan and on the number of days in the applicable CDOR Period shall be paid in Cdn Dollars to the Lender on the Interest Payment Date applicable to such CDOR Loan.

  • If no election is received with respect to a CDOR Rate Loan or LIBOR Rate Loan by 10:00 a.m. (Central time) on the 3rd Business Day prior to the end of the respective CDOR Period or Interest Period, as applicable, that CDOR Rate Loan or LIBOR Rate Loan shall be converted to a Canadian Prime Rate Loan or Base Rate Loan, as applicable, at the end of its CDOR Period or Interest Period, as applicable.

  • Interest on CDOR Rate Loans will be calculated on the basis of the actual number of days in each CDOR Period in respect of CDOR Rate Loans, in each case divided by 365.

  • Any Canadian Loan or group of Canadian Loans having the same proposed CDOR Period or Interest Period, as applicable, to be made or continued as, or converted into, a CDOR Rate Loan or LIBOR Rate Loan, as applicable, must, in each instance, be in a minimum amount of CDN $1,000,000 and in integral multiples of CDN $100,000 thereafter for CDN $ Denominated Canadian Loans and $1,000,000 and in integral multiples of $100,000 thereafter for Dollar Denominated Canadian Loans.

  • If, in the opinion of a Lender, acting reasonably, any such early termination cannot be effected, the CDOR Rate Loan will not be terminated and the Borrower will continue to pay interest to the applicable Lenders, at the rate per annum applicable to such CDOR Rate Loan for the remainder of the applicable CDOR Period.

  • Interest on CDOR Rate Loans will accrue and be calculated but not compounded daily and be payable at the end of each applicable CDOR Period; provided that, where all of the Lenders have consented to the CDOR Period exceeding 3 months, interest on such CDOR Rate Loans will be calculated and payable every 3 months during the term of the CDOR Period and on the last day of the applicable CDOR Period.

  • In the event the Borrower fails to give, if applicable, a valid replacement Notice of Conversion with respect to the maturing CDOR Rate Loans which were the subject of a Notice of Rollover, such maturing CDOR Rate Loans shall be converted on the last day of the applicable CDOR Period into Canadian Prime Rate Loans as if a Notice of Conversion had been given to the Agent by the Borrower pursuant to the provisions hereof.

  • Any Loan or group of Loans having the same proposed CDOR Period or Interest Period, as applicable, to be made or continued as, or converted into, a CDOR Rate Loan or LIBOR Rate Loan, as applicable, must, in each instance, be in a minimum amount of CDN $1,000,000 and in integral multiples of CDN $100,000 thereafter for CDN $ Denominated Canadian Loans and $1,000,000 and in integral multiples of $100,000 thereafter for Dollar Denominated Canadian Loans.


More Definitions of CDOR Period

CDOR Period means a period of 1 month (subject to market availability), or such other period as may be selected by the Borrower and agreed to by all of the Lenders (in their sole discretion).
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CDOR Period means a period of three months, provided such period is readily available in the Canadian Dollar bankers' acceptance market, or such other period as may be agreed to by the Lender.
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CDOR Period means a period of 1, 2, 3 or 6 months or such other period as the Canadian Administrative Agent may agree, in each case, commencing on a Business Day selected by the Canadian Borrower in its irrevocable Committed Loan Notice with respect to a CDOR Rate Loan delivered to Multicurrency Administrative Agent in accordance with Section 2.02(d), provided that the foregoing provision relating to CDOR Periods is subject to the following:
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Related to CDOR Period

  • LIBOR Period means, with respect to any LIBOR Loan, each period commencing on a LIBOR Business Day selected by Borrower pursuant to the Agreement and ending one, two or three months thereafter, as selected by Borrower's irrevocable notice to Agent as set forth in Section 1.5(e); provided, that the foregoing provision relating to LIBOR Periods is subject to the following:

  • Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(c) and ending 1, 2, 3 or, if available, 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that: