Examples of Canadian Prime Rate in a sentence
Except as provided in Sections 2.03(b) and 2.04(c), each Borrowing of or conversion to Base Rate Loans, Canadian Prime Rate Loans or Daily SOFR Loans shall be in a principal amount of $500,000 or CAD500,000, as applicable, or a whole multiple of $100,000 or CAD100,000, as applicable, in excess thereof.
Multicurrency Revolving Tranche Loans may be Base Rate Loans, Canadian Prime Rate Loans, Daily SOFR Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein.
All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to Term SOFR) and for Canadian Prime Rate Loans (including Canadian Prime Rate Loans determined by reference to Adjusted Term CXXXX) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.