Term XXXXX Loan means any Loan in Canadian Dollars with respect to which interest is calculated under this Agreement for the time being on the basis of the Adjusted Term XXXXX.
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,
Examples of Term XXXXX Loan in a sentence
The Canadian Borrower shall pay interest on each Term XXXXX Loan outstanding during each Interest Period applicable thereto at a rate per annum, calculated on the basis of a 365 day year, equal to Adjusted Term XXXXX with respect to such Interest Period plus the Applicable Pricing Rate.
More Definitions of Term XXXXX Loan
Term XXXXX Loan means any Loan in Cdn.$ with respect to which interest is calculated under this Agreement for the time being on the basis of Adjusted Term XXXXX.
Term XXXXX Loan means a Loan made pursuant to Section 1.1 that bears interest at a rate based on Adjusted Term XXXXX other than pursuant to clause (ii) of the definition of RBP.
Term XXXXX Loan means a Revolving Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Term XXXXX Rate.
Term XXXXX Loan means an Advance in, or Conversion into, Canadian Dollars made by the Lenders (or any of them) to a Borrower with respect to which such Borrower has specified that interest is to be calculated at a rate based on Adjusted Term XXXXX (other than pursuant to clause (b) of the definition of “Canadian Prime Rate”), and each Rollover in respect thereof.