Interest on Canadian Prime Rate Loans. The Borrower shall pay interest on each Canadian Prime Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Canadian Prime Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate. Each determination by the Agent of the Canadian Prime Rate applicable from time to time during an Interest Period shall, in the absence of manifest error, be prima facie evidence thereof. Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days. Changes in the Canadian Prime Rate shall cause an immediate adjustment of the interest rate applicable to such Loans without the necessity of any notice to the Borrower.
Interest on Canadian Prime Rate Loans. The Borrower shall pay interest on each Canadian Prime Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Canadian Prime Rate in effect from time to time during such Interest Period. Each determination by the Lender of the Canadian Prime Rate applicable from time to time during an Interest Period shall, in the absence of manifest error, be prima facie evidence thereof. Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for the Interest Period and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such Interest Period and on the basis of the actual number of days elapsed in a year of 365 days. Changes in the Canadian Prime Rate shall cause an immediate adjustment of the interest rate applicable to such Canadian Prime Rate Loans without the necessity of any notice to the Borrower.
Interest on Canadian Prime Rate Loans. Interest on Canadian Prime Rate Loans shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days. Changes in such interest rate shall cause an immediate adjustment of the interest rate applicable to such Canadian Loans without the necessity of any notice to Canadian Borrower.
Interest on Canadian Prime Rate Loans. The Borrower shall pay interest on each Canadian Prime Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Canadian Prime Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate. Each determination by the Agent or the Operating Lender, as applicable, of the Canadian Prime Rate applicable from time to time during an Interest Period shall, in the absence of manifest error, be prima facie evidence thereof. Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days. Changes in the Canadian Prime Rate shall cause an immediate adjustment of the interest rate applicable to such Loans without the necessity of any notice to the Borrower.
Interest on Canadian Prime Rate Loans. The Borrower shall pay interest on each Canadian Prime Rate Loan during each Interest Period applicable thereto in Canadian Dollars at a rate per annum, calculated on the basis of a 365 day year, equal to the Canadian Prime Rate in effect from time to time during such Interest Period plus the Applicable Prime Rate Margin and (in respect of Canadian Prime Rate Loans which are outstanding on and after the date (in this Section 5.1, the "Termout Premium Effective Date") that is the later of (i) the Term Date in respect of the Commitments pursuant to which those Canadian Prime Rate Loans were made, and (ii) December 31, 2002) the Termout Premium. Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including (i) in the case of the Canadian Prime Rate and the Applicable Prime Rate Margin, the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan, and (ii) in the case of the Termout Premium, the date that is the later of the Termout Premium Effective Date and the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan; in all cases to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days. Changes in the Canadian Prime Rate or the Applicable Prime Rate Margin, or the commencement of the application of the Termout Premium, shall cause an immediate adjustment of the interest rate applicable to such Loan without the necessity of any notice to the Borrower.
Interest on Canadian Prime Rate Loans
