Canadian CDOR Loans. Each Canadian CDOR Loan made or maintained by a Lender shall bear interest in Canadian Dollars during each Interest Period it is outstanding (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced, continued or created by conversion from a Canadian Prime Rate Loan until, but excluding, the date of repayment thereof, at a rate per annum equal to the sum of the Applicable Margin plus the CDOR Rate applicable for such Interest Period, payable in arrears on the last day of the Interest Period and at maturity (whether by acceleration or otherwise).
Each Loan denominated in Canadian Dollars shall bear interest # if a Term Benchmark Loan, for each day during each Interest Period with respect thereto at a rate per annum equal to the CDOR Rate determined for such day plus the Applicable Margin and # if a Canadian Prime Rate Loan, at a rate per annum equal to the Canadian Prime Rate plus the Applicable Margin.
Canadian Prime Rate Loans. Each Canadian Prime Rate Loan made or maintained by a Canadian Lender shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) in Canadian Dollars on the unpaid principal amount thereof, both before and after maturity, default and judgment, from the date such Loan is advanced or created by conversion, but excluding the date of repayment thereof, at a rate per annum equal to the sum of the Applicable Margin plus the Canadian Prime Rate from time to time in effect, payable in arrears on the last Business Day of each month and at maturity (whether by acceleration or otherwise).
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