USBR Loan means an Advance in, or Conversion into, United States Dollars made by the Applicable Lenders under a Credit Facility to the Borrower with respect to which the Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the US Base Rate.
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower has elected to pay interest in accordance with Section 4.2(a) (including US Overdrafts).
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower has elected to pay interest in accordance with Section 4.2(a).
Examples of USBR Loan in a sentence
Dollars) or a USBR Loan (if denominated in any currency other than Cdn.
Such interest shall be payable monthly in arrears on each Interest Payment Date for such USBR Loan.
Such interest shall be calculated on the principal amount of each USBR Loan and on the basis of the actual number of days each such USBR Loan is outstanding in a year of 365 days.
Changes in the USBR shall cause an immediate adjustment of the interest rate applicable to each USBR Loan without the necessity of any notice to the Borrower.
Any drawing under a Letter of Credit or Letter of Guarantee shall be funded by an Advance by way of a Prime Loan (if drawn in Canadian Dollars under Facility A), by way of a USBR Loan (if drawn in US Dollars or any other currency under Facility A) or by way of a US Prime Rate Loan (if drawn in US Dollars under Facility B).
More Definitions of USBR Loan
USBR Loan means a loan in US$ which bears interest at the US Base Rate pursuant to the applicable Notice of Borrowing or Notice of Conversion or Rollover or the provisions of Article 8.
USBR Loan or "USBR Borrowing" or "Canadian Prime Loan" or "Canadian Prime Borrowing").
USBR Loan means an Advance in U.S. Dollars for which USBR is the reference interest rate; "U.S. Dollars" and "U.S. $" means lawful money of the United States of America for the payment of public and private debts;
USBR Loan means (i) a Loan which bears interest with reference to the U.S. Base Rate or (ii) an overdue amount which was a USBR Loan immediately before it became overdue.
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower is obligated to pay interest in accordance with Section 3.2(1). (281) “US Code” has the meaning given to it in Section 8.1(23). (282) “US Dollar Amount” means, for any amount on any particular date, the aggregate of: (a) the portion, if any, of the amount denominated in US Dollars; and (b) the Equivalent Amount in US Dollars (determined on that date unless otherwise specified herein) of the portion, if any, of the amount denominated in another currency. (283) “US Dollars” and the symbol “US$” each means lawful money of the United States of America in same day immediately available funds, or if those funds are not available, the form of money of the United States of America that is customarily used in the settlement of international banking transactions on the day any payment is to be made under this Agreement. (284) “US Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. (285) “US Guarantors” means all of the Subsidiaries of the Borrower incorporated in the United States that have executed and delivered a Guarantee in respect of the Obligations pursuant to this Agreement and each Person incorporated in the United States that executes and delivers a Guarantee pursuant to Section 9.1(18) or Section 9.2(6)(b)(v), and “US Guarantor” means any one of them. (286) “US Pension Plan” has the meaning given to it in Section 8.1(23). (287) “US Plan” has the meaning given to it in Section 8.1(23). (288) “US Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. (289) “U.S. Special Resolution Regimes” has the meaning given to it in Section 14.14. (290) “Utilization Percentage” means, at any time of determination, the fraction expressed as a percentage, the numerator of which is the Total Exposure at such time, and the denominator of which is the Total Commitment. (291) “Violation” means any of the following: (A) any violation of the U.S. Investment Advisers Act of 1940, as su...
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower is obligated to pay interest in accordance with Section 3.2(1). LEGAL_39694004.1- 27 SIXTH AMENDED ANDRESTATED CREDIT AGREEMENT
USBR Loan or "USBR BORROWING" or "CANADIAN PRIME LOAN" or "CANADIAN PRIME BORROWING").