C$ Prime Loans definition

C$ Prime Loans means advances denominated in Canadian Dollars that bear interest at a rate based upon the C$ Prime Rate.
C$ Prime Loans shall have the meaning assigned to such term in Annex A hereto.
C$ Prime Loans. C$ Loans at such time as they bear interest at a rate based upon the Canadian Prime Rate.

Examples of C$ Prime Loans in a sentence

  • Each borrowing of C$ Prime Loans shall be in an amount equal to C$300,000 or a whole multiple of C$100,000 in excess thereof.

  • The Credit Agreement provides for the acceleration of the maturity of this C$ Note upon the occurrence of certain events and for prepayments of C$ Prime Loans upon the terms and conditions specified therein.

  • Subject to the terms and conditions hereof, each C$ Bank severally agrees to make revolving credit loans ("C$ R/C Loans") (which shall be C$ Prime Loans) to, and to accept Bankers' Acceptances from, CCCL from time to time during the Commitment Period.

  • Each borrowing of C$ Prime Loans shall be in an amount equal to C$4,000,000, or a whole multiple of C$100,000 in excess thereof (or, if the then Available Canadian Revolving Credit Commitments are less than C$4,000,000, such lesser amount).

  • The Canadian Borrower may borrow C$ Prime Loans during the Canadian Revolving Credit Commitment Period on any Business Day, provided that the Canadian Borrower shall give the Canadian Administrative Agent irrevocable notice (which notice must be received by the Canadian Administrative Agent prior to 10:00 A.M., Toronto Time, one Business Day prior to the requested Borrowing Date), specifying (a) the amount to be borrowed and (b) the requested Borrowing Date.


More Definitions of C$ Prime Loans

C$ Prime Loans. C$ Loans at such time as they bear interest at a -------------- rate based upon the C$ Prime Rate.
C$ Prime Loans means a Loan denominated in Canadian Dollars that bears interest at a rate based upon the C$ Prime Rate.
C$ Prime Loans. Loans the rate of interest applicable to which is based upon the C$ Prime Rate.
C$ Prime Loans advances by the Canadian Lenders to the Canadian Borrower denominated in Canadian Dollars that bear interest at a rate based upon the C$ Prime Rate.
C$ Prime Loans. Canadian Revolving Credit Loans at such time as they bear interest at a rate based upon the C$ Prime Rate.
C$ Prime Loans. C$ LOANS AT SUCH TIME AS THEY BEAR INTEREST AT A -------------- RATE BASED UPON THE C$ PRIME RATE.
C$ Prime Loans means on any date a Loan denominated in Canadian Dollars bearing interest at a rate determined by reference to the C$ Prime Rate.