CDOR Advance definition
Examples of CDOR Advance in a sentence
Each Syndicated Canadian Advance which is a CDOR Advance shall be discounted over the relevant Interest Period at CDOR.
Each Borrower shall select the Type of Syndicated Global Advance or Syndicated Canadian Advance and, in the case of each Eurocurrency Rate Advance or CDOR Advance, the Interest Period and permitted currency applicable to each Syndicated Global Advance, Syndicated Canadian Advance and CDOR Advance from time to time.
Each Syndicated Canadian Advance shall be a CDOR Advance denominated in Canadian Dollars, Eurocurrency Rate Advance denominated in Dollars or Canadian Dollars, Base Rate Advance denominated in Dollars or a Canadian Prime Rate Advance denominated in Canadian Dollars.
In either case, the Borrower shall pay the interest accrued thereon, or may reimburse the particular Tranche B CDOR Advance or Tranche B LIBOR Advance, as the case may be, in whole with interest accrued thereon.
Each Syndicated Canadian Advance shall be a CDOR Advance denominated in Canadian Dollars, Eurocurrency Rate Advance denominated in Dollars, Base Rate Advance denominated in Dollars or a Canadian Prime Rate Advance denominated in Canadian Dollars.
The Executive shall have the right to voluntarily resign his employment hereunder by 30 days' advance written notice to the Company.
Each Advance shall bear interest on the unpaid principal amount thereof from the date such Advance is advanced until paid in full (whether by acceleration or otherwise) at a rate per annum equal to, in the case of a CDOR Advance, CDOR plus 90 bps, and in the case of a LIBOR Advance, LIBOR plus 1.10 bps, calculated monthly in arrears and payable in arrears by DEALER on each Interest Payment Date and at maturity (whether by acceleration or otherwise).
In either case, the Borrower shall pay the interest accrued thereon, or may reimburse the particular BA Advance, Libor Advance, Tranche A CDOR Advance or Tranche A LIBOR Advance, as the case may be, in whole with interest accrued thereon.
A change in CDOR and LIBOR will simultaneously cause a corresponding change in the interest payable for a CDOR Advance and a LIBOR Advance, respectively.
No such Mandatory Repayment may be made on a date that would require a Libor Advance, a BA Advance, a Tranche A LIBOR Advance or a Tranche A CDOR Advance to be prepaid, except in accordance with the provisions of Section 8.4 and Section 5.3 of Schedule “P”.