Canadian Prime Rate Loans definition

Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

Canadian Prime Rate Loans means Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

Canadian Prime Rate Loans. Loans denominated in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.

Examples of Canadian Prime Rate Loans in a sentence

• Whether or not Borrower Agent submits a Notice of Borrowing, Canadian Borrower shall be deemed to have requested a Borrowing of Canadian Prime Rate Loans in an amount necessary to pay all amounts due Canadian Issuing Bank on any Canadian Reimbursement Date and each Canadian Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Canadian Revolver Commitments have terminated, a Canadian Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied.

• Effective upon the Term Out Date, the interest rates then applicable to Canadian Prime Rate Loans, SOFR Loans, U.S. Base Rate Loans, BA Stamping Fees and Letters of Credit Fees for the Credit Facilities will each increase by 50.0 Basis Points.

• Interest payable in respect of Canadian Prime Rate Loans and U.S. Base Rate Loans will be adjusted automatically without notice to the Borrower whenever there is a variation in such rate.

• XXXXX Xxxxx, SARON Loans, Canadian BA RateTerm XXXXX Loans, Canadian Base Rate Loans and Canadian Prime Rate Loans; Determination of Rate.

• The Canadian Revolver Loans shall bear interest as set forth in Section 3.1. Each Canadian Revolver Loan shall, at the option of the Borrower Agent, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of Canadian Prime Rate Loans or Canadian BA RateTerm XXXXX Loans if denominated in Canadian Dollars, or shall consist entirely of Canadian Base Rate Loans or Term SOFR Revolver Loans if denominated in Dollars.

More Definitions of Canadian Prime Rate Loans

Canadian Prime Rate Loans means any Canadian Revolving Loan designated or deemed designated as such by the respective Canadian Revolving Loan Borrower at the time of the incurrence thereof or conversion thereof.

Canadian Prime Rate Loans means Multicurrency Facility Revolving Loans and Multicurrency Facility Swing Line Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

Canadian Prime Rate Loans means Canadian Loans (other than Canadian Swing Line Loans) advanced to Canada Safeway and denominated in Canadian Dollars and bearing interest at rates determined by reference to the Canadian Prime Rate as provided in subsection 2.2A.

Canadian Prime Rate Loans means any Canadian Term Loan or Canadian Revolving Loan designated or deemed designated as such by the relevant Canadian Revolving Borrower, at the time of the incurrence thereof or conversion thereto.

Canadian Prime Rate Loans. Canadian Revolving Credit Loans which are denominated in Canadian Dollars and in respect of which the Canadian Borrower is obligated to pay interest in accordance with Section 2.15 at the Canadian Prime Rate.

Canadian Prime Rate Loans means Canadian Term Loans denominated in Canadian Dollars that bear interest based on the Canadian Prime Rate.

Canadian Prime Rate Loans means any Canadian Revolving Loan designated or deemed designated as such by DBF at the time of the incurrence thereof or conversion thereto.