Canadian Dollar Loans definition

Canadian Dollar Loans means and includes each Loan denominated in Canadian Dollars.
Canadian Dollar Loans means any Loan denominated in Canadian Dollars bearing interest at the Canadian Prime Rate or the CDOR Rate.
Canadian Dollar Loans means any Loans or portion thereof which are denominated in Canadian Dollars.

Examples of Canadian Dollar Loans in a sentence

  • The mortgage agreements stipulate a minimum interest rate and a variable interest rate based on the Prime Rate for Canadian Dollar Loans established by HSBC (“Prime Rate”).

  • The facility provides the co-owners an option to borrow at either the prime rate of interest plus 1.00% or at bankers’ acceptances with a stamping fee of 2.00% ("Canadian Dollar Loans"), or at LIBOR plus 2.00%.

  • Each payment to the Administrative Agent with respect to the Canadian Dollar Loans (including, without limitation, the Canadian Dollar Lender’s fees or expenses) shall be made for the account of the Canadian Dollar Lender.

  • If the Administrative Agent or any Bank shall receive interest in respect of Canadian Dollar Loans in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the applicable Loans or, if it exceeds such unpaid principal, refunded to the applicable Borrower.

  • Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents in respect of Canadian Dollar Loans (including Canadian Base Rate Loans) shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”).


More Definitions of Canadian Dollar Loans

Canadian Dollar Loans means the collective reference to Canadian Dollar Prime Loans and Bankers’ Acceptances; for the purposes of the Credit Agreement, the principal amount of any Canadian Dollar Loan constituting a Bankers’ Acceptance shall be deemed to be the undiscounted face amount of such Bankers’ Acceptance.
Canadian Dollar Loans means the loans made hereunder in accordance with Section 2.3.
Canadian Dollar Loans have the meanings specified in Section 2.01(c).
Canadian Dollar Loans as defined in subsection 4.1. ---------------------
Canadian Dollar Loans means any Loans or portion thereof which are denominated in Canadian Dollars and on which interest is payable based on the Canadian Prime Rate in accordance with the terms hereof.
Canadian Dollar Loans means the collective reference to Canadian Prime Rate Loans and CDOR Rate Loans, and “Canadian Dollar Loan” means any of such Loans.
Canadian Dollar Loans means any Advances or portion thereof denominated in Canadian Dollars.