Canadian Prime Rate Loans definition

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.

Canadian Prime Rate Loans means Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

Canadian Prime Rate Loans. Loans denominated in Canadian Dollars the rate of interest applicable to which is based upon the Canadian Prime Rate.

Examples of Canadian Prime Rate Loans in a sentence

• The Corporation can borrow by way of Canadian dollar advances through Canadian Prime Rate Loans or Bankers Acceptances or United States dollar advances through US Base Rate Loans or Libor or letters of credit denominated in Canadian or U.S. dollars.

• Committed Tranche B Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Notes, as further provided herein.

• At any time that Canadian Prime Rate Loans are outstanding, the Canadian Sub-Agent shall notify TCCI and the Tranche B Lenders of any change in the Canadian Prime Rate promptly following the public announcement of a change in a Canadian Reference Bank’s “prime rate” by any Canadian Reference Bank.

• Changes in the Canadian Prime Rate shall cause an immediate adjustment of the interest rate applicable to such Canadian Prime Rate Loans without the necessity of any notice to the Borrower.

• All computations (a) of interest for Base Rate Loans when the Base Rate is determined by BNP Paribas’s United States “prime rate” and(b) of interest for Canadian Prime Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

More Definitions of Canadian Prime Rate Loans

Canadian Prime Rate Loans means any Loans or portion thereof denominated in Canadian Dollars and on which interest is payable based on the Canadian Prime Rate in accordance with the terms hereof.

Canadian Prime Rate Loans means any Canadian Revolving Loan designated or deemed designated as such by the respective Canadian Revolving Loan Borrower at the time of the incurrence thereof or conversion thereof.

Canadian Prime Rate Loans means Multicurrency Facility Revolving Loans and Multicurrency Facility Swing Line Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

Canadian Prime Rate Loans means Canadian Loans (other than Canadian Swing Line Loans) advanced to Canada Safeway and denominated in Canadian Dollars and bearing interest at rates determined by reference to the Canadian Prime Rate as provided in subsection 2.2A.

Canadian Prime Rate Loans means any Canadian Term Loan or Canadian RevolvingDollar Loan designated or deemed designated as such by the relevant Canadian Borrower at the time of the incurrence thereof or conversion thereto.

Canadian Prime Rate Loans. Canadian Revolving Credit Loans which are denominated in Canadian Dollars and in respect of which CERI is obligated to pay interest in accordance with Section 2.15 at the Canadian Prime Rate.

Canadian Prime Rate Loans means Canadian Term Loans denominated in Canadian Dollars that bear interest based on the Canadian Prime Rate.