CDOR Loans definition

CDOR Loans means a Loan denominated in Canadian Dollars that bears interest at a rate based upon the CDOR Rate.
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CDOR Loans any Loans the rate of interest applicable to which is based upon the CDOR Rate.
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CDOR Loans. Loans denominated in Canadian Dollars at the rate of interest applicable to which is based on the CDOR.
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Examples of CDOR Loans in a sentence

  • Any drawdown request for B/As or CDOR Loans, as applicable, during the suspension period shall be deemed to be a drawdown notice requesting a Prime Based Loan in an equivalent amount.

  • Interest on CDOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears, for the number of days in the CDOR interest period.

  • B/A and CDOR – Market DisruptionIf the Bank determines, in its sole discretion, that a normal market in Canada for the purchase and sale of B/As or the making of CDOR Loans does not exist, any right of the Borrower to request a drawdown under the applicable borrowing option shall be suspended until the Bank advises otherwise.

  • Administrative Agent shall promptly notify Borrowers and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans or CDOR Loans upon determination of such interest rate.

  • Primary Contact Name Primary Contact Name 6 Xxxxxxx Xxx Primary Contact Title Primary Contact Title Business Consultant Primary Contact Email Primary Contact Email 8 xxxxxxx.xxx@xxxxxxxxxxxxxxxxxxxxxxx.xxx Primary Contact Phone Enter 10 digit phone number.

  • As provided in Section 1.6(a) hereof, the U.S. Borrower may elect that each Borrowing of Revolving Loans be either U.S. Base Rate Loans or LIBOR Loans and the Canadian Borrower shall borrow Revolving Loans that are CAD CDOR Loans.

  • Any Protective Advance and any Swingline Loan shall be made in accordance with the procedures set forth in Sections 2.04 and 2.05, respectively.(b) Subject to Section 2.14, (i) each Revolving Borrowing denominated in Dollars shall be comprised entirely of ABR Loans or Eurodollar Loans and (ii) each Revolving Borrowing denominated in Canadian Dollars shall be comprised entirely of Canadian Prime Rate Loans or CDOR Loans, in each case, as the Borrower Representative may request in accordance herewith.

  • In connection with Eurodollar Rate Loans and CDOR Loans (in the aggregate) there shall be no more than eighteen (18) Interest Periods outstanding at any time.

  • Prepayments of CDOR Loans under clauses (i), (ii) or (iii) of this Section 2.3(B) shall be governed by the terms set forth in the Syndicated Canadian Addendum.

  • Fixed Rate Loans, including, without limitation, Swing Line Loans, in a currency other than Dollars and Syndicated Canadian Loans (other than CDOR Loans which shall be converted to Canadian Prime Rate Loans in accordance with the Syndicated Canadian Addendum) shall, upon the expiry of the then current Interest Period, automatically continue as Fixed Rate Loans in the same currency and of the same Type unless the applicable Borrower notifies the Global Administrative Agent otherwise as provided herein.


More Definitions of CDOR Loans

CDOR Loans. Revolving Credit Loans the rate of interest applicable to which is based upon the CDOR Rate.
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CDOR Loans means advances denominated in Canadian Dollars that bear interest at a rate based upon the CDOR Rate.
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CDOR Loans means each Loan bearing interest at the rates provided in section 2.8(d).
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CDOR Loans. Loans for which the applicable rate of interest is based upon the CDOR Rate. “CDOR Rate”: (a) for any calculation with respect to a CDOR Loan for any Interest Period, the greater of (i) the sum of (A) the rate per annum equal to the rate determined by the Administrative Agent on the basis of the rate applicable to Canadian Dollar bankers’ acceptances (“CDOR”) as administered by Refinitiv Benchmarks Services (UK) Limited, or a comparable or successor administrator approved by the Administrative Agent, for a period comparable to the applicable Interest Period, at approximately 10:00 a.m. (Toronto time) on the applicable Rate Determination Date and (B) 0.10% per annum and (ii) the Floor; and
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CDOR Loans means a Loan denominated in Canadian Dollars that bears interest at a rate based upon the CDOR Rate. “ CDOR Rate ” shall have the meaning assigned to such term in Annex A hereto.
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CDOR Loans means any Term Loan the interest on which is determined on the basis of rates referred to in the definition of “CDOR” in this Article 1.
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Related to CDOR Loans

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurodollar 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 Adjusted LIBO Rate.

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.