Canadian Prime Rate

Canadian Prime Rate. Means, at any time, the greater of (i) the rate of interest equal to the sum of (A) the fluctuating rate of interest per annum publicly announced by the Canadian Reference Bank as its "prime rate" in effect for determining interest rates on Canadian Dollar denominated commercial loans in Canada and (B) one-half percent (0.50%) per annum, and (ii) the annual rate of interest equal to the sum of (A) the CDOR Rate at such time and (B) one and one-fourth percent (1.25%) per annum.