Term XXXXX Loan definition

Term XXXXX Loan means a Loan that bears interest at a rate based on Term XXXXX.

Term XXXXX Loan means any Loan in Canadian Dollars with respect to which interest is calculated under this Agreement for the time being on the basis of the Adjusted Term XXXXX.

Term XXXXX Loan means any Loan in Cdn.$ with respect to which interest is calculated under this Agreement for the time being on the basis of Adjusted Term XXXXX.

Examples of Term XXXXX Loan in a sentence

• Yes  No Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.

• In the event of any conversion of any Term XXXXX Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

• Notwithstanding anything to the contrary herein, (x) a Swing Line Loan may not be converted to a Term SOFR Loan or a Term XXXXX Loan, and (y) no Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be repaid in the original currency of such Loan and reborrowed in the other currency.

• Notwithstanding the foregoing, if for any reason a Term XXXXX Loan is repaid or converted to another Availment Option prior to the scheduled maturity date thereof (whether as a result of acceleration or otherwise), the Borrower agrees to pay to the Agent upon demand all losses, damages, costs and expenses which the Agent or any Lender incurs as a result of such Repayment or Conversion prior to the said scheduled maturity date.

• Notwithstanding anything to the contrary contained herein, a Swing Line Loan may not be converted to a Term SOFR Loan or a Term XXXXX Loan.

• Adjusted Term XXXXX applicable to a Term XXXXX Loan shall remain fixed and unchanged for the Contract Period of that Term XXXXX Loan.

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

• The Pointing Procedure gives the option of allocating points to a housing application because of the condition of the applicant’s current home.

More Definitions of Term XXXXX Loan

Term XXXXX Loan means a Loan made pursuant to Section 1.1 that bears interest at a rate based on Adjusted Term XXXXX other than pursuant to clause (ii) of the definition of RBP.

Term XXXXX Loan means a Loan made pursuant to Section 2.08 that bears interest at a rate based on Adjusted Term XXXXX other than pursuant to clause (ii) of the definition of “Canadian Prime Rate” “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX. “Term SOFR” means, for any Interest Period for a SOFR Loan, the greater of (a) the Term SOFR Reference Rate (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) for a tenor comparable to the applicable Interest Period on the day (the “Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator and (b) the Floor; provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Term SOFR Determination Day. “Term SOFR Adjustment” means 0.10% (10 basis points). “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Conforming Changes” means, with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Alternate Base Rate,” the definition of “Business Day,” the definition of “U.S. Government Securities Business Day,” the definition of “Interest Period” or any similar or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, th...

Term XXXXX Loan means a Revolving Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Term XXXXX Rate.

Term XXXXX Loan means a Revolving Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Term XXXXX Rate.