CORRA definition

CORRA means the Canadian Overnight Repo Rate Average administered and published by the Bank of Canada (or any successor administrator).

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CORRA means the Canadian Overnight Repo Rate Average, as published by the Bank of Canada, as the administrator of CORRA (or any successor Reference Rate Administrator), on the website of the Bank of Canada or any successor website.

CORRA means, in respect of any Toronto banking day:

Examples of CORRA in a sentence

• The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Term SOFR Reference Rate, Term SOFR Rate, Adjusted Term SOFR Rate, the CDOR, CORRA, Daily Simple C▇▇▇▇, Term C▇▇▇▇, or any alternative, successor or replacement rate (including any Benchmark Replacement or Canadian Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

• If the Canadian Benchmark Replacement is Daily Compounded CORRA, all interest payments will be payable on a quarterly basis.

• Any prepayment of a Loan shall be accompanied by all accrued interest on the amount prepaid, together with, in the case of Term SOFR Loan and any Term CORRA Loan, any additional amounts required pursuant to Section 3.05.

• If the applicable Borrower requests a Borrowing of, conversion to, or continuation of Term CORRA Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

• The Borrowers may only exercise the CORRA Option for proposed Term CORRA Loans of at least C$1,000,000 (and integral multiples of C$500,000 in excess thereof).

More Definitions of CORRA

CORRA means the Canadian Overnight Repo Rate Average administered by the Bank of Canada (or any successor Reference Rate Administrator).

CORRA means the Canadian Overnight Repo Rate Average administered and published by the Bank of Canada (or any successor administrator of the Canadian Overnight Repo Rate Average).

CORRA means the Canadian Overnight Repo Rate Average.

CORRA means, with respect to any CORRA Business Day, (1) the Canadian Overnight Repo Rate Average for such CORRA Business Day, as published on the CORRA Administrator’s website on the immediately following CORRA Business Day; (2) if the rate specified in (1) above does not so appear, the Canadian Overnight Repo Rate Average as published in respect of the first preceding CORRA Business Day for which the Canadian Overnight Repo Rate Average was published on the CORRA Administrator’s website. CORRA will not be published in respect of any day that is not a CORRA Business Day. For this reason, in determining Reference Rate, the daily CORRA rate applied for any CORRA Business Day in the Observation Period that immediately precedes one or more days that are not CORRA Business Day in the Observation Period will be multiplied by the number of calendar days from and including such Business Day to, but excluding, the following Business Day.

CORRA means the Canadian Overnight Repo Rate Average administered and published by the Bank of Canada (or any successor

CORRA means, with respect to any Bank of Canada Business Day, a reference rate equal to the daily Canadian Overnight Repo Rate Average for that day, as published by the Reference Rate Administrator for CORRA (or any successor Reference Rate Administrator), on the website of such Reference Rate Administrator or any successor website on the immediately following Bank of Canada Business Day.

CORRA. – means the Canadian Overnight Repo Rate Average (CORRA) as determined by the appointed CORRA benchmark administrator.