CDOR Successor Rate definition

CDOR Successor Rate as defined in Section 1.7.

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CDOR Successor Rate has the meaning specified in Section 3.03(d) hereof.

CDOR Successor Rate shall have the meaning ascribed to such term in Section 18.6.1.

Examples of CDOR Successor Rate in a sentence

Notwithstanding anything else herein, any definition of the CDOR Successor Rate (exclusive of any margin) shall provide that in no event shall such CDOR Successor Rate be less than zero for the purposes of this Agreement.
If no CDOR Successor Rate has been determined and the circumstances under clause 1.7.1 above exist or the CDOR Scheduled Unavailability Date has occurred, Agent will promptly notify Canadian Borrower and Lenders.
If no CDOR Successor Rate has been determined and the circumstances under clause (a) or (d) above exist or a CDOR Scheduled Unavailability Date has occurred (as applicable), the Agent will promptly so notify the Canadian Borrower and each Lender.
The Global Agent will promptly (in one or more notices) notify the Borrower and each Lender of the implementation of any CDOR Successor Rate.
Notwithstanding anything else herein, if at any time any CDOR Successor Rate as so determined would otherwise be less than 0%, the CDOR Successor Rate will be deemed to be 0% for the purposes of this Agreement and the other Loan Documents.
Any CDOR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Global Agent, such CDOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Global Agent.
If no CDOR Successor Rate has been agreed upon and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the obligation of the Lenders to make or maintain CDOR Revolving Loans shall be suspended (to the extent of the affected CDOR Revolving Loans or Interest Periods).
If no CDOR Successor Rate has been determined and the circumstances under clause 12.4A(a) or 12.4A(d) above exist or a CDOR Scheduled Unavailability Date has occurred (as applicable), the Agent will promptly so notify the Borrower and each Lender.
In addition, until a CDOR Successor Rate is determined, CDOR shall not be included or referenced in the definition of Prime Rate.
If no CDOR Successor Rate has been determined and the circumstances under clause 13.1A(a) or 13.1A(d) above exist or a CDOR Scheduled Unavailability Date has occurred (as applicable), the Agent will promptly so notify the Canadian Borrower and each Lender.

More Definitions of CDOR Successor Rate

CDOR Successor Rate has the meaning attributed thereto in Section 4.8.1(a).

CDOR Successor Rate has the meaning given to it in Section 10.8.

CDOR Successor Rate has the meaning specified in Section 2.15. “CDOR Successor Rate Conforming Changes” means, with respect to any proposed CDOR Successor Rate, any conforming changes to the definition of BA Rate or the applicable period or provisions herein relating to the timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable discretion of Agent, to reflect the adoption of such CDOR Successor Rate and to permit the administration thereof by Agent in a manner substantially consistent with market practice (or, if Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such CDOR Successor Rate exists, in such other manner of administration as Agent reasonably determines in consultation with Parent Borrower). “CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the IRC. “Change of Control” means (a) any “person” or “group” (within the meaning of Sections 13(d) and 14(d) of the Exchange Act) other than Permitted Holders, becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 35%, or more, of the Capital Stock of Parent Borrower entitled (without regard to the occurrence of any contingency) to vote for the election of members of the Board of Directors of Parent Borrower, (b) a majority of the members of the Board of Directors of Parent Borrower do not constitute Continuing Directors or (c) any Borrower ceases to be a Wholly Owned Subsidiary of Parent Borrower (unless any such Borrower is not directly liable in respect of a Loan that was requested