CDOR Rate Loan definition

CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.
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CDOR Rate Loan means an Advance in, or Conversion into, Canadian Dollars made by the Lender to the Borrower which bears interest at the CDOR Rate, and each Rollover in respect thereof.
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CDOR Rate Loan means a Committed Loan denominated in Canadian Dollars that bears interest based on the CDOR Rate.
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Examples of CDOR Rate Loan in a sentence

  • If the Borrower fails to deliver a Rollover Notice to the Lender as provided in this Section, the Borrower shall be deemed to have given a Conversion Notice to the Lender electing to convert the entire amount of the maturing CDOR Rate Loan into a Canadian Prime Rate Loan.

  • Upon the occurrence of an Event of Default in respect of the Borrower, the Lender may convert a CDOR Rate Loan owing by the Borrower to a Canadian Prime Rate Loan.

  • The Borrower shall pay interest on each CDOR Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the CDOR Rate with respect to such Interest Period plus the Applicable Pricing Rate.

  • Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled to request, or to elect to convert or continue, any Borrowing as a Eurodollar Loan or CDOR Rate Loan if the Interest Period requested with respect thereto would end after the Revolving Maturity Date, the Term A Loan Maturity Date, in the case of a Revolving Loan or Term A Loan, or the Term Loan B Maturity Date, in the case of a Term B Loan, as applicable.

  • Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a CDOR Rate Loan or Euro Rate Loan.


More Definitions of CDOR Rate Loan

CDOR Rate Loan means a Loan denominated in Canadian Dollars made by the Lenders to the Borrower which bears interest at a rate based on the CDOR Rate.
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CDOR Rate Loan means any Advance in Canadian Dollars that bears interest determined by reference to the CDOR Rate in accordance with the terms hereof.
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CDOR Rate Loan means each Loan bearing interest based on the CDOR Rate and, for clarity, excludes a BA Equivalent Loan.
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CDOR Rate Loan means a Revolving Credit Loan or Incremental Revolving Loans (or any one or more portions thereof) that bears interest based on the CDOR Rate.
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CDOR Rate Loan means a Loan that bears interest at a rate based on CDOR.
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CDOR Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to the CDOR Rate.
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CDOR Rate Loan means Revolving Loans or Incremental Revolving Loans (or any one or more portions thereof) that bears interest based on the CDOR Rate.
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