Canadian Eurodollar Rate Loans definition

Canadian Eurodollar Rate Loans means Canadian Term Loans denominated in Dollars and bearing interest at rates determined by reference to the Canadian Eurodollar Rate as provided in subsection 2.2A.
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Canadian Eurodollar Rate Loans means any Canadian Loan denominated in Canadian Dollars made by Canadian Agent pursuant to subsection 2.8A and bearing interest at a rate determined with reference to the Canadian Eurodollar Rate as provided in subsection 2.8F.
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Examples of Canadian Eurodollar Rate Loans in a sentence

  • 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.

  • On the last day of each Interest Period applicable to any such Eurodollar Rate Loans or such Canadian Eurodollar Rate Loans, the applicable Borrower shall withdraw and pay in immediately available funds to the Administrative Agent amounts then held in the applicable Concentration Account and deposited therein pursuant to this § 2.6.5 sufficient to repay such Eurodollar Rate Loans or such Canadian Eurodollar Rate Loans, as applicable, of each Lender.

  • The Borrowers shall have the right, at their election, to repay the outstanding amount of the Revolving Credit Loans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Eurodollar Rate Loans or any Canadian Eurodollar Rate Loans pursuant to this § 2.6.4 may be made only on the last day of the Interest Period relating thereto.

  • Except as otherwise provided in the definition of the term “Interest Period” with respect to Eurodollar Rate Loans and Canadian Eurodollar Rate Loans, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and interest shall accrue during such extension.

  • Except as provided in the immediately preceding sentence, nothing in this subsection 2.6C shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to convert Loans to, Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as applicable, in accordance with the terms of this Agreement.

  • Initially, the office of each Lender designated as such in Schedule 1 hereto; thereafter, such other office of such Lender, if any, that shall be making or maintaining Canadian Eurodollar Rate Loans.

  • Canadian/U.S. Loans may be continued as or converted into Canadian/U.S. Base Rate Loans and Canadian/U.S. Eurodollar Rate Loans and Canadian Loans (other than Canadian/U.S. Loans and Canadian Swing Line Loans) denominated in Dollars may be continued as or converted into Canadian Base Rate Loans or Canadian Eurodollar Rate Loans in the manner provided in subsection 2.2D.

  • With respect to any Eurodollar Rate Loans, any day on which commercial banks are open for international business (including dealings in U.S. Dollar deposits) in London or such other Eurodollar interbank market as may be selected by the Administrative Agent in its sole discretion acting in good faith, and with respect to Canadian Eurodollar Rate Loans, any Canadian Eurodollar Business Day.

  • Any Lender may make, carry or transfer Eurodollar Rate Loans and Canadian Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of that Lender.

Related to Canadian Eurodollar Rate Loans

  • Eurodollar Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.