CAD Loan definition

CAD Loan means each Loan made in CAD.
Sample 1Sample 2Sample 3
CAD Loan means a CAD Revolving Credit Loan or a CAD Term Loan.
Sample 1Sample 2Sample 3
CAD Loan means a CAD Base Rate Loan or CAD Fixed Rate Loan.
Sample 1

Examples of CAD Loan in a sentence

  • Canadian Borrowers shall have executed and delivered to each Canadian Bank its CAD Loan Note.

  • If the Canadian Benchmark Replacement is Daily Compounded XXXXX, all interest payments for any CAD Loan will be payable on a quarterly basis.

  • Subject to the terms and conditions of this Agreement, during the Canadian Commitment Period, the Canadian Banks shall make a CAD Loan or CAD Loans to any Canadian Borrower in such amount or amounts as such Canadian Borrower may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the aggregate amount of the Canadian Commitments.

  • Canadian Borrowers' use of the proceeds of the CAD Loan Notes shall be for working capital and other general corporate purposes of the Canadian Borrowers.

  • All payments (including prepayments) of principal and interest on any CAD Loan and all payments with respect to the facility fee for or any other payment with respect to the Canadian Commitments shall be made in same day CAD funds at the Designated Lending Office for the benefit of the Canadian Banks.

  • Each request by a Canadian Borrower for the making, conversion or continuation of a CAD Loan shall be deemed to be a joint and several request by all Canadian Borrowers.

  • The obligation of Canadian Borrowers to repay the CAD Loans made by each Canadian Bank and to pay interest thereon shall be evidenced by a CAD Loan Note of Canadian Borrowers in the form of EXHIBIT C hereto, dated the Activation Date, and payable to the order of such Canadian Bank in the principal amount of its Canadian Commitment, or, if less, the aggregate 23 unpaid principal amount of CAD Loans made hereunder by such Canadian Bank.

  • Each Canadian Borrower hereby authorizes any other Canadian Borrower to request a CAD Loan hereunder and agrees that it is receiving or will receive a direct pecuniary benefit therefor.


More Definitions of CAD Loan

CAD Loan means any CAD Loan, as defined in the Credit Agreement, granted by the Canadian Banks pursuant to the Credit Agreement.
Sample 1

Related to CAD Loan

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Existing Loan means the loan identified on Exhibit H.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Term Loan as defined in Section 2.1.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.