Term XXXXX Loan definition

Term XXXXX Loan means a Loan that bears interest at a rate based on Adjusted Term XXXXX.

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 a Canadian Revolving Loan (other than a Canadian Prime Rate Loan) that bears interest based on Term XXXXX. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. (New York City time) on such determination date and a Benchmark Transition Event with respect to such Term SOFR Loan has not occurred, then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment; and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day; provided, however, that if as of 11:00 a.m. (New York City time) on such determination day the Term SOFR Screen Rate for the applicable tenor has not been published and a Benchmark Transition Event with respect to the Term SOFR Screen Rate has not occurred, then Term SOFR will be the Term SOFR Screen Rate for such tenor on the first preceding U.S. Government Securities Business Day for which such Term SOFR Screen Rate for such tenor was published, 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 determination day; provided that if the Term SOFR determined in accordance with either of the foregoing clauses (a) or (b) of this definition would otherwise be less than zero, Term SOFR shall be deemed zero for purposes of this Agreement. “Term SOFR Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of “Term SOFR”. “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time). 62 [[5848018]][[DMS:6312716v7:05/07/2024--04:04 PM]] 4861-2153-1574 v.2

Examples of Term XXXXX Loan in a sentence

• Interest on each Term XXXXX Loan shall be computed on the basis of the actual number of days elapsed divided by 365 or 366, as applicable.

• In the event of any conversion of any Term XXXXX Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

• Adjusted Term XXXXX applicable to a Term XXXXX Loan shall remain fixed and unchanged for the Contract Period of that Term XXXXX Loan.

• For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Term XXXXX Loan made by it at the Term XXXXX Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Term XXXXX Loan was in fact so funded.

• Any amount of principal of or interest on any such Term XXXXX Loan which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall be payable on demand and shall bear interest (both before and after judgment), from the date on which such amount is due until such amount is paid in full, at a rate per annum equal to the Canadian Prime Rate in effect from time to time plus the Applicable Margin plus, to the extent permitted by law, 2%.

More Definitions of Term XXXXX Loan

Term XXXXX Loan when used in reference to any Loan or Borrowing, refers to a Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Adjusted Term XXXXX Rate.

Term XXXXX Loan means a Loan that bears interest at a rate based on Adjusted Term XXXXX other than pursuant to clause (ii) of the definition of “Canadian Prime 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.

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 bearing interest at a rate based on Term XXXXX (other than a Canadian Base Rate Loan). “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term XXXXX Successor Amendment” has the meaning specified in Section 2.15. “Term XXXXX Successor Rate” has the meaning specified in Section 2.15. “Term XXXXX Successor Rate Conforming Changes” means, with respect to any proposed Term XXXXX Successor Rate, any conforming changes to the definition of Term XXXXX 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 Term XXXXX 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 Term XXXXX Successor Rate exists, in such other manner of administration as Agent reasonably determines in consultation with Parent Borrower). “Term SOFR” means,

Term XXXXX Loan means a Loan that bears interest at a rate based on Adjusted Term XXXXX, other than pursuant to clause (ii) of the definition of “Prime Rate”;

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.