Cdn. Prime Rate definition

Cdn. Prime Rate means, with respect to Cdn. Prime Loans, the greater of:

Cdn. Prime Rate on any day, the greater of: (a) the per annum rate of interest announced from time to time by RBC as its reference rate then in effect for determining interest rates on C$ denominated commercial loans in Canada and (b) the per annum rate of interest equal to the sum of (i) the one-month CDOR Rate in effect on such day and (ii) 0.50% per annum.

Cdn. Prime Rate with respect to a Floating Rate Note, has the meaning specified in paragraph 2.5(b)(xiii).

Examples of Cdn. Prime Rate in a sentence

• Since traditionally the cost of sludge treatment has been relatively high, there has not been much development in the sludge treatment market in China.

• The Prime Rate Advances denominated in Dollars and outstanding under the Facility shall bear interest, computed daily, on the respective daily balances outstanding from the date of their respective first advance up to and including the day preceding the day of their respective repayment in full, at an annual rate applicable for each such day equal to the Cdn Prime Rate in effect on such day plus the Relevant Margin.

• Where no specific provision for interest on any amount outstanding and payable by the Borrower is made in this Agreement, interest thereon shall be computed and be payable at the Cdn Prime Rate plus the Relevant Margin.

• Any amount (in principal, interest or otherwise) which is not paid when due shall bear interest, for any day, at the Cdn Prime Rate in effect on such day, plus the Relevant Margin increased by 2.00% in the case of an amount payable in Dollars and at the US Prime Rate in effect on such day, plus the Relevant Margin increased by 2.00% in the case of an amount payable in US Dollars or GBP, in each case compounded monthly and payable upon demand by the Agent.

• Interest calculated on the basis of the Prime Rate, the Cdn Prime Rate or the CDOR Rate shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.

More Definitions of Cdn. Prime Rate

Cdn. Prime Rate means, for any day, a fluctuating rate per annum equal to the higher of (a) the rate of interest in effect for such day as publicly announced from time to time by Bank of Montreal as the reference rate of interest that it employs in order to determine the rate of interest it will charge for demand loans in Cdn. Dollars to its customers in Canada and which it publicly announces as its Cdn. Dollar “prime rate” and (b) CDOR on the particular day for one-month bankers’ acceptances, plus 1.0% per annum. Any change in such rate announced by Bank of Montreal shall take effect at the opening of business on the day specified in the public announcement of such change.

Cdn. Prime Rate means, for any day, a rate per annum equal to the greater of (i) NBC Prime Rate in effect on such day and (ii) the XX XXXX Rate in effect on such day plus 1% per annum;

Cdn. Prime Rate means, on any day, the annual rate of interest (rounded upwards, if not in an increment of 1/16th of 1%, to the next 1/16 of 1%) equal to the greater of (i) the annual rate of interest announced by Comerica Bank in effect as its prime rate at its office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar denominated commercial loans in Canada, and (ii) the annual rate of interest equal to the sum of (A) the one month CDOR Rate in effect on such day, plus (B) 0.75%.

Cdn. Prime Rate the higher of (a) the rate of interest publicly announced by the Canadian Administrative Agent from time to time as its reference rate then in effect for determining interest rates on CDN Dollar denominated commercial loans made in Canada and (b) the average as determined by the Canadian Administrative Agent of the annual rates for Bankers' Acceptances in CDN Dollars displayed and identified as such on the "Reuters screen CDOR page" for a one-month period at approximately 10:00 A.M. on such day, or if such day is not a Business Day, then on the immediately preceding Business Day, plus 0.75%; provided, that if such rates do not appear on the Reuters screen CDOR page, then the CDOR Rate for such period shall be selected as of the immediately preceding Business Day for which such rate was available.

Cdn. Prime Rate means, for any day, a rate per annum equal to the greater of (i) the National Bank of Canada's Prime Rate in effect on such day and (ii) the BA CXXX Xxxe in effect on such day plus 1% per annum;

Cdn. Prime Rate means the rate of interest per annum (based on a 365/366 day year) established by the Bank from time to time as the reference rate of interest for determination of interest rates that the Bank charges to customers of varying degrees of creditworthiness for Canadian dollar loans made by it in the United States. LIBOR in respect of a LIBOR advance means the rate of interest per annum (based on a 360 day year) as determined by the Bank (rounded upwards, if necessary to the nearest whole multiple of 1/16th of 1%) at which the Bank may make available United States dollars or Canadian Dollars, as the case may be, which are obtained by the Bank in the InterBank Euro Currency Market, London, England at approximately 11:00 a.m. (Toronto time) on the second business day before the first day of, and in an amount similar to, and for the period similar to the interest period of, such LIBOR advance. Any interest rate based on a period less than a year expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such determined rate multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of days in the period upon which it was based.

Cdn. Prime Rate means a fluctuating rate of interest per annum, expressed on the basis of year of 365 days, which is equal at all times to the greater of: