CDOR Option definition

CDOR Option shall have the meaning set forth in Section 2.06(a)(iii) hereof.
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CDOR Option. A rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be) for each day equal to (x) the rate per annum determined in good faith by the Administrative Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as the CDOR plus (y) the Applicable Margin for such day (the “CDOR Rate Option”).
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CDOR Option has the meaning specified therefor in Section 2.12(a) of the Agreement.
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Examples of CDOR Option in a sentence

  • Canadian Borrower only may exercise the CDOR Option for CDOR Rate Loans of at least C$1,000,000.

  • A CDOR Option shall apply to all Revolving Credit Loans denominated in Canadian Dollars.

Related to CDOR Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Director Option means an Option granted pursuant to Section 6.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Replacement Option has the meaning set forth in Section 3.06.