Common use of Canadian Prime Rate Loans Clause in Contracts

Canadian Prime Rate Loans. Canadian Borrower agrees to pay interest in respect of the unpaid principal amount of each Canadian Prime Rate Loan from the date the proceeds thereof are made available to Canadian Borrower (or in the case of a conversion of a B/A Loan to a Canadian Prime Rate Loan, the date of such conversion) until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Canadian Prime Rate Loan or (ii) the conversion of such Canadian Prime Rate Loan to a B/A Loan pursuant to Section 2A.6 at a rate per annum equal to the Canadian Prime Rate plus the Applicable Canadian Prime Rate Margin.

Canadian Prime Rate Loans. Each Canadian Borrower Borrower, jointly and severally, agrees to pay interest in respect of on the unpaid principal amount of each Canadian Prime Rate Loan at a rate per annum equal to the Canadian Prime Rate plus the Applicable Canadian Prime Rate Margin from the date the proceeds thereof are made available to such Canadian Borrower (or in the case of a conversion of a B/A Loan to a Canadian Prime Rate Loan, the date of such conversion) until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Canadian Prime Rate Loan or (ii) the conversion of such Canadian Prime Rate Loan to a B/A Loan pursuant to Section 2A.6 at a rate per annum equal to the Canadian Prime Rate plus the Applicable Canadian Prime Rate Margin2A.6.

Canadian Prime Rate Loans. Canadian The Borrower agrees to shall pay the Lenders interest in respect of on the unpaid outstanding principal amount of each Canadian Prime Rate Loan borrowed by it from each of them under the Credit Facilities calculated and payable from the date the proceeds thereof are made available to Canadian Borrower (or in the case of a conversion of a B/A Loan to a Canadian Prime Rate Loan, the date of such conversion) until the earlier of (i) the maturity (whether by acceleration or otherwise) Borrowing Date of such Canadian Prime Rate Loan until converted or (ii) deemed converted to another Type of Advance in accordance with the conversion of such Canadian Prime Rate Loan provisions hereof or due to a B/A Loan pursuant to Section 2A.6 be repaid hereunder, as applicable, at a percentage rate per annum equal to the sum of (a) the Canadian Prime Rate plus (b) the Applicable Canadian Prime Rate Margin.