Canadian Prime Rate Loan definition

Canadian Prime Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the Canadian Prime Rate.
Canadian Prime Rate Loan a Canadian Revolver Loan, or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Canadian Prime Rate.
Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

Examples of Canadian Prime Rate Loan in a sentence

  • Each Borrowing, except any Base Rate Loan or Canadian Prime Rate Loan to be used solely to pay a like amount of outstanding reimbursement obligations in respect of Letters of Credit or Swingline Loans, shall be in an amount equal to an integral multiple of the applicable Borrowing Multiple and not less than the applicable Borrowing Minimum.


More Definitions of Canadian Prime Rate Loan

Canadian Prime Rate Loan means a Loan that bears interest based on the Canadian Prime Rate.
Canadian Prime Rate Loan means a Loan that bears interest at a rate based on the Canadian Prime Rate. All Canadian Prime Rate Loans shall be denominated in Canadian Dollars.
Canadian Prime Rate Loan means an Advance under the Credit Facility in Canadian Dollars which bears interest at a rate based on the Canadian Prime Rate (including Swing Line Cdn. $ Loans).
Canadian Prime Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.
Canadian Prime Rate Loan means a Loan which bears interest at the Canadian Prime Rate.
Canadian Prime Rate Loan means a Swingline Loan denominated in Canadian Dollars.
Canadian Prime Rate Loan means each Canadian Revolving Loan designated or deemed designated as such by the relevant Borrower at the time of the incurrence thereof or conversion thereto determined by reference to the Canadian Prime Rate.