Examples of Canadian Eurodollar Rate in a sentence
Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Conversion/Continuation for conversion to, or continuation of, a Eurodollar Rate Loan or a Canadian Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Borrowing for a Eurodollar Rate Loan or Canadian Eurodollar Rate Loan, as the case may be, (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to make a borrowing in accordance therewith.
Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or Canadian Base Rate or the Adjusted Eurodollar Rate or Canadian Eurodollar Rate, as the case may be.
Canadian Term Loans may be continued as or converted into Canadian Base Rate Loans and Canadian Eurodollar Rate Loans in the manner provided in subsection 2.2D.
Each such partial prepayment of a Revolving Credit Loan funded in (i) U.S. Dollars shall be applied, (at the option of the Administrative Agent and in the absence of instruction by the applicable Borrower), first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans, and (ii) Canadian Dollars shall be applied, to the principal of Canadian Eurodollar Rate Loans.