Canadian Base Rate Advance definition

Canadian Base Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Base Rate. All Canadian Base Rate Advances shall be denominated in Dollars.
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Canadian Base Rate Advance means an Advance bearing interest based on the Canadian Prime Rate or the Canadian US Base Rate, as the case may be.
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Canadian Base Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Base Rate. All Canadian Base Rate Advances shall be denominated in Dollars. “Canadian Blocked Accounts” has the meaning specified in Section 7.01(i). “Canadian Borrower” and “Canadian Borrowers” has the meaning specified in the preamble to this Agreement. “Canadian Collateral” means the Collateral owned by (or, in the event such Collateral has been foreclosed upon, immediately prior to such foreclosure that was owned by) a Canadian Loan Party. “Canadian Defined Benefit Plan” means a Canadian Pension Plan which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada). “Canadian Dollars,” and the sign “CND$” each means lawful money of Canada. “Canadian Dominion Account” means a special concentration account established by a Canadian Borrower at an Affiliate or branch of the Agent in Canada, over which the Agent has exclusive control for withdrawal purposes pursuant to the terms and provisions of this Agreement and the other Loan Documents. “Canadian Guarantor” means each Guarantor that is incorporated or otherwise organized under the laws of Canada or any province or territory thereof.
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Examples of Canadian Base Rate Advance in a sentence

  • The Canadian Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Canadian Lenders to make such Canadian Base Rate Advances, to transfer the proceeds thereof to Canadian Issuing Lender in satisfaction of such obligations, and to record and otherwise treat such payments as a Canadian Base Rate Advance to the Canadian Borrower.

  • During such periods as such Advance is a Canadian Base Rate Advance, a rate per annum equal at all times to the sum of (A) the Canadian Base Rate in effect from time to time plus (B) the Applicable Margin for Canadian Base Rate Advances in effect from time to time, payable in arrears quarterly on the first day of each October, January, April and July during such periods and on the date such Canadian Base Rate Advance shall be Converted or paid in full.

  • Such Advance shall be a Base Rate Advance, a Canadian Base Rate Advance or a Local Rate Advance, as the case may be, and shall be considered, for all purposes of this Agreement, to comprise part of the Borrowing in connection with which such Defaulted Advance was originally required to have been made pursuant to Section 2.01, even if the other Advances comprising such Borrowing shall be Eurocurrency Rate Advances on the date such Advance is deemed to be made pursuant to this subsection (a).

  • Each Canadian Base Rate Advance shall bear interest at the applicable Canadian Base Rate in effect from time to time plus the Applicable Margin for Canadian Base Rate Advances for such period, provided that while an Event of Default is continuing the Canadian Base Rate Advances shall bear interest at the applicable Canadian Base Rate in effect from time to time plus the Applicable Margin plus 2%.

  • Each Canadian Base Rate Advance shall bear interest at the applicable Canadian Base Rate in effect from time to time plus the Applicable Margin for Canadian Base Rate Advances for such period.

  • If the Canadian Borrower does not deliver to the Canadian Funding Agent one or more of the notices contemplated by Section 3.4 or does not give the notice and make the deposit contemplated by Section 3.4(e)(iii), the Canadian Borrower shall be deemed to have requested that the part of the BA Advance then outstanding which is reaching maturity be converted into a Canadian Base Rate Advance on the Canadian Prime Rate basis.

  • Any resulting amount by which the requested face amount of any such Bankers’ Acceptance shall have been so reduced shall be advanced, converted or continued, as the case may be, as a Canadian Base Rate Advance on the Canadian Prime Rate basis, to be made contemporaneously with the BA Advance.

Related to Canadian Base Rate Advance

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.