CDOR definition

CDOR has the meaning specified in the definition of “Eurocurrency Rate.”

CDOR when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the CDOR Rate.

CDOR has the meaning specified in the definition of “Alternative Currency Term Rate”.

Examples of CDOR in a sentence

• The provisions of the CA revolving credit had also been updated to include fallback provisions to manage the transition of the LIBOR and CDOR benchmark interest rates, to be replaced during fiscal years 2023 and 2024.

• Facility 1 is priced at a choice of, or a combination of, prime plus 0.35% and/or CDOR rate loans plus 1.12%.

• IBOR including the GBP, JPY, EUR, CHF and USD London Inter-bank Offered Rate (‘LIBOR’), as well as IBOR for certain other minor currencies (excepting the Canadian Dollar Offer Rate (CDOR)), have ceased publication.

• During the period referenced in the foregoing sentence, the component of Base Prime Rate based upon the CDOR Benchmark will not be used in any determination of the Base Prime Rate.

• On the earlier of (i) the date that all CDOR On May 16, 2022 Refinitiv Benchmark Services (UK) Limited ("RBSL"), the administrator of CDOR, announced in a public statement that the calculation and publication of all tenors of CDOR will permanently cease immediately following a final publication on Friday, June 28, 2024.

More Definitions of CDOR

CDOR means the Canadian Dollar Offered Rate.

CDOR means the Canadian Dollar rate for bankers’ acceptance borrowings known as the Canadian Dollar Offered Rate provided by RBSL, as the administrator of the benchmark (or a successor administrator).

CDOR has the meaning specified in the definition of “Term Rate”.

CDOR means, for any date of determination, with respect to any CAD Advance (or portion thereof) the rate per annum (carried out to the fifth decimal place) equal to the rate determined by the Administrative Agent to be the average rate that appears on the Bloomberg Professional Service CDOR Page (or any applicable successor or substitute page providing rate quotations comparable to those currently provided on such page of such service) at approximately 10:00 a.m. (Toronto time) two (2) Business Days prior to the beginning of such Collection Period for Canadian Dollar bankers acceptances with a term equivalent to three months; provided that if such rate is not available at any such time for any reason, then “CDOR” with respect to any CAD Advance shall be the bid rate at which Canadian Dollar bankers acceptances of CAD5,000,000 and for a three-month maturity are offered by the principal Toronto office of any bank (which may be the Administrative Agent) reasonably selected by the Administrative Agent for settlement at approximately 10:00 a.m. (Toronto time) on the applicable day (or, if such day is not a Business Day, on the immediately preceding Business Day); provided, further that, in the event that the rate as so determined above shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. CDOR shall always be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

CDOR in relation to any Loan denominated in Canadian Dollars:

CDOR means the Canadian dollar offered rate; “CMS Reference Banks” means:

CDOR shall have the meaning provided in the definition of LIBOR Rate.