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.