Term XXXXX Advance definition

Term XXXXX Advance means an Advance that bears interest at a rate based on Term XXXXX that is not a Swing Line Advance.

Term XXXXX Advance means an Advance in Canadian Dollars bearing interest based on the Adjusted Term XXXXX.

Term XXXXX Advance means an Advance in currency of Canada at Term XXXXX plus 1.27%.”

Examples of Term XXXXX Advance in a sentence

• Such interest is payable by the Borrower in arrears on each Interest Payment Date and, to the extent such Term XXXXX Advance is then outstanding, on the Final Maturity Date (whether by acceleration or otherwise).

• The Agent shall determine each interest rate applicable to a Term XXXXX Advance or Daily Compounded XXXXX Advance and the amounts due under such Term XXXXX Advance or Daily Compounded XXXXX Advance (in principal and interest) hereunder, and its determination thereof shall be conclusive and binding except in the case of manifest error.

• Each Term XXXXX Advance bears interest at a rate per annum equal to the Adjusted Term XXXXX applicable to the relevant XXXXX Interest Period in effect for such Term XXXXX Advance plus the Applicable Margin.

• In connection with the use or administration of Term XXXXX Advance or Daily Compounded XXXXX Advance, the Agent, acting reasonably, will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

More Definitions of Term XXXXX Advance

Term XXXXX Advance means an Advance in CDollars to which the Adjusted Term XXXXX is applicable. 1.1.182 “Term XXXXX Loan” – means at any given time during the term of this Agreement, the Loans, or that portion of the Loan, upon which interest is payable at the Adjusted Term XXXXX. 1.1.183 “Term XXXXX Loan Portion” – means the amount of the Term XXXXX Loan, or any portion of the Term XXXXX Loan, in respect of which a Borrower has selected an Interest Period commencing on the same date and having the same duration. 1.1.184 “Term XXXXX Reference Rate” – means the forward looking term rate based on XXXXX. 1.1.185 “Term SOFR” – means, for the applicable Interest Period, the Term SOFR Reference Rate on the day (such day, the “Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business days prior to, in the case of SOFR Advances, the first day of such applicable Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for such applicable Interest Period has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business days prior to such Term SOFR Determination Day, provided, that if Term SOFR determined as provided above shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor. 1.1.186 “Term SOFR Administrator” – means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion). 1.1.187 “Term SOFR Reference Rate” – means the per annum forward-looking term rate based on SOFR. 1.1.188 “Total Commitment” – means, at any time, the aggregate of the amounts set opposite each Lender’s name in Schedule 1.1.188 representing the respective portion of the Total Commitment of each Lender, less any amount by which it shall have been cancelled, terminated or reduced pursuant to this Agreement,

Term XXXXX Advance means a Borrowing that bears interest at a rate based on Adjusted Term XXXXX plus the Applicable Margin.