Canadian Base Rate Loan definition

Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

Canadian Base Rate Loan a Canadian Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by reference to the Canadian Base Rate.

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.

Examples of Canadian Base Rate Loan in a sentence

• Each Canadian Swingline Loan shall constitute a Canadian Prime Rate Revolver Loan or a Canadian Base Rate Loan, as applicable, for all purposes, except that payments thereon shall be made to Agent (acting through its Canada branch) for its own account.

• If an Acceptance matures and such Canadian Borrower has not made such payment, nor effected a Conversion or Rollover pursuant to Section 2.04(l) or (m), respectively, such Canadian Borrower shall be deemed to have provided for payment of the full face amount of the Acceptance by Conversion of such Acceptance into a Canadian Base Rate Loan in a principal amount equal to the full face amount of the Acceptance on its maturity date.

• Canadian Base Rate Loan: a Canadian Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by reference to the Canadian Base Rate.

• Each Canadian Swing Line Loan shall be a Canadian Base Rate Loan.

• On and after the Refunding Date, the related Swing Loan will accrue interest as though such Swing Loan were a Base Rate Loan or Canadian Base Rate Loan, as applicable.

More Definitions of Canadian Base Rate Loan

Canadian Base Rate Loan means any Canadian Revolving Credit Loan or Canadian Swingline Loan bearing interest at a rate based upon the Canadian Base Rate as provided in Section 5.1(a).

Canadian Base Rate Loan means a Revolving Credit Loan denominated in Canadian Dollars bearing interest at a rate based upon the Canadian Base Rate.

Canadian Base Rate Loan means Revolving Loans or Swingline Loans bearing interest at a rate by reference to the Canadian Base Rate.

Canadian Base Rate Loan means a Loan in Canadian Dollars which bears interest at the Canadian Base Rate pursuant to the provisions of Articles 2 or 8 hereof.

Canadian Base Rate Loan a Canadian Revolver Loan that bears interest based on the Canadian Base Rate. Canadian Borrower: as defined in the preamble. Canadian Borrowing Base: the Dollar Equivalent sum of the following, as set forth in the most recently delivered Borrowing Base Certificate by the Canadian Borrower:

Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian PrimeRate.

Canadian Base Rate Loan means a Loan in U.S. Dollars made by each of the Tranche 2 Lenders to any Borrower designated to receive Tranche 2 Loans hereunder.