Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 15 contracts
Samples: Agreement (First Phosphate Corp.), Credit Agreement (Obsidian Energy Ltd.), Term Credit Agreement (ENERPLUS Corp)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 10 contracts
Samples: Credit Agreement (Niska Gas Storage Partners LLC), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Markwest Hydrocarbon Inc)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Canadian Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 4 contracts
Samples: Credit Agreement (Devon Energy Corp/De), Canadian Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp /Ok/)
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Documents, this Financing Commitment and the rates of interest stipulated in this Agreement Financing Commitment are intended to be nominal rates and not effective rates or yields.
Appears in 3 contracts
Samples: Carbon Energy Corp, Carbon Energy Corp, Evergreen Resources Inc
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Samples: Agreement
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Documents, this Financing Commitment and the rates of interest stipulated in this Agreement Financing Commitment are intended to be nominal rates and not effective rates or yields.. ARTICLE 4
Appears in 1 contract
Samples: Carbon Energy Corp
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.. [SIGNATURES BEGIN ON FOLLOWING PAGE] 84
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of ---------------------------------- the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.. ARTICLE 8
Appears in 1 contract
Samples: Credit Agreement
Deemed Reinvestment Not Applicable. For the purposes of the ---------------------------------- Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under the Loan Documents, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.
Appears in 1 contract
Deemed Reinvestment Not Applicable. For the purposes of the Interest Act (Canada), the principle of deemed reinvestment of interest will shall not apply to any interest calculation under the Loan Documents; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and the after maturity, default and judgment. The rates of interest stipulated in this Agreement specified under the Loan Documents are intended to be nominal rates and not effective rates or yieldsrates. Interest calculated shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 1 contract
