Canadian Prime Rate Advance definition

Canadian Prime Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Prime Rate. All Canadian Prime Rate Advances shall be denominated in Canadian Dollars.

Canadian Prime Rate Advance has the meaning specified in the definition of Advance.

Canadian Prime Rate Advance means an advance under the Canadian Prime Rate Facility made in Canadian Dollars.

Examples of Canadian Prime Rate Advance in a sentence

• The Agent agrees that it will, as promptly as practicable, notify the Canadian Borrower of the unavailability of Bankers' Acceptances and, if applicable, of the date and the amount of each Canadian Prime Rate Advance to be made or actually made in accordance with the immediately preceding sentence.

• Each Canadian Prime Rate Advance shall bear interest from and including the date of the making of such Advance to (but not including) the date of repayment thereof at the applicable Canadian Prime Rate, changing when and as such Canadian Prime Rate changes.

• Each Syndicated Global Advance and Syndicated Canadian Advance shall be in the applicable minimum amounts specified in Schedule I or, in the case of a Syndicated Canadian Advance, such other amounts as may be specified in the Syndicated Canadian Addendum; provided, however, that any Base Rate Advance may be in the amount of the unused Aggregate Commitment and any Canadian Prime Rate Advance or Base Rate Advance to the Canadian Borrower may be in the amount of the unused Syndicated Canadian Commitments.

• Interest accrued on each Floating Rate Advance and Canadian Prime Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which the Floating Rate Advance or Canadian Prime Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity.

• In his opinion on the Canada PNR Agreement, the Advocate General Mengozzi mentioned this issue and noted that the finding relating to Article 82(1)(d) of the TFEU as the incorrect legal basis for concluding the relevant agreement did not mean that PNR data agreement with the USA and Australia that based on the same article were void.

More Definitions of Canadian Prime Rate Advance

Canadian Prime Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(v).

Canadian Prime Rate Advance means an Advance which bears interest at the Canadian Prime Rate. “Canadian Prime Rate Loan” means a Loan which bears interest at the Canadian Prime Rate. “Canadian Swing Line Borrowing Notice” is defined in Section 2.9.2 hereof.

Canadian Prime Rate Advance means a Canadian Advance that bears interest as provided in Section 2.06(b).

Canadian Prime Rate Advance means an Advance to a Canadian Borrower which bears interest based on the Canadian Prime Rate. All Canadian Prime Rate Advances shall be denominated in Canadian Dollars. “Canadian Priority Payables Reserve” means, as of any date of determination, an Availability Reserve in such amount as the Agent may determine in its Permitted Discretion to reflect amounts secured by any Liens in Canada, xxxxxx or inchoate, which rank or are capable of ranking in priority to the Liens of the Agent, including any such amounts due and not paid for wages, vacation pay, severance pay, amounts due and not paid under any legislation relating to workers’ compensation or to employment insurance, all amounts deducted or withheld and not paid and remitted when due under the Income Tax Act (Canada), all amounts collected but not remitted when due under the Excise Tax Act (Canada) or otherwise on account of sales tax, goods and services tax, value added tax, harmonized sales tax, excise tax, and any other tax payable pursuant to the Excise Tax Act (Canada) or similar applicable provincial legislation, government royalties,

Canadian Prime Rate Advance means a Canadian Advance denominated in Canadian Dollars that bears interest as provided in Section 2.8(a)(ii). “Canadian Prime Rate Margin” means a rate per annum determined in accordance with the Pricing Schedule. “CCAA” means the Companies’ Creditors Arrangement Act (Canada). “CDOR Rate” means on any date, with respect to a particular term as specified herein, the per annum rate of interest which is the rate based on an average rate applicable to Canadian Dollar bankers’ acceptances for the applicable term appearing on the applicable Bloomberg screen as of 10:00 A.M. on such date, or if such date is not a Business Day, then on the immediately preceding Business Day (as adjusted by the Administrative Agent after 10:00 A.M. to reflect any error in any posted rate or in the posted average annual rate); provided, however, if such rate does not appear on the applicable Bloomberg screen as contemplated, then the CDOR Rate on any date shall be calculated as the arithmetic mean of the rates for the applicable term applicable to Canadian Dollar bankers’ acceptances quoted by the Schedule I Reference Banks as of 10:00 A.M. on such date, or if such date is not a Business Day, then on the immediately preceding Business Day); provided, further, that if the CDOR Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement. “Citibank” has the meaning specified in the preliminary statements. “Commitment” means a Revolving Credit Commitment, a Canadian Commitment, an Australian Commitment, a Letter of Credit Commitment, a Swing Line Commitment or an Additional Currency Facility Commitment. “Commitment Increase” has the meaning specified in Section 2.15. “Commitment Schedule” means the Schedule attached hereto identified as such. “Committed Currencies” means Australian Dollars, Canadian Dollars, Euros, Yen and each other currency (other than US Dollars) that is approved in accordance with Section 1.3. “Communications” has the meaning specified in Section 10.1(d)(ii). “Company” has the meaning specified in the preliminary statements. “Conforming Changes” means, with respect to either the use or administration of an initial Benchmark or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate” (if applicable), the definition of “Canadian Prime Rate” (if applicable), the definition of “Business Day,” the definition o...

Canadian Prime Rate Advance or a “CDOR Loan” and a U.S. Dollar Advance may (in accordance with Article 2 and Article 3) be designated as a “SOFR Loan”, a “Base Rate (Canada) Advance” or “Base Rate (United States) Advance”. Each of a Canadian Prime Rate Advance, a CDOR Loan, a SOFR Loan, a Base Rate (Canada) Advance and a Base Rate (United States) Advance is a “Type” of Advance.

Canadian Prime Rate Advance means a Canadian Advance denominated in Canadian Dollars that bears interest as provided in Section 2.8(a)