BA Equivalent Loans and Discount Notes. (a) Whenever the Borrower requests a Loan by way of Bankers’ Acceptances, each Non-Acceptance Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non-Acceptance Lender’s percentage of the Loan. (b) As set out in the definition of Bankers’ Acceptances, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For greater certainty: (i) the term of a Discount Note shall be the same as the term for Bankers’ Acceptances accepted and purchased on the same Borrowing Date in respect of the same Loan; (ii) an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the acceptance fee in respect of a Bankers’ Acceptance; and (iii) the CDOR rate applicable to a Discount Note shall be the CDOR rate applicable to Bankers’ Acceptances accepted by a Lender on the same drawdown, rollover or conversion, as the case may be, in respect of the same Loan. LEGAL_1:60252742.8
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BA Equivalent Loans and Discount Notes. (a) Whenever the Borrower requests a Loan by way of Bankers’ Acceptances, each Non-Acceptance Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non-Acceptance Lender’s percentage of the Loan.
(b) As set out in the definition of Bankers’ Acceptances, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For greater certainty:
(i) the term of a Discount Note shall be the same as the term for Bankers’ Acceptances accepted and purchased on the same Borrowing Date in respect of the same Loan;
(ii) an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the acceptance fee in respect of a Bankers’ Acceptance; and
(iii) the CDOR rate applicable to a Discount Note shall be the CDOR rate applicable to Bankers’ Acceptances accepted by a Lender on the same drawdown, rollover or conversion, as the case may be, in respect of the same Loan. LEGAL_1:60252742.8.
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BA Equivalent Loans and Discount Notes. (a) Whenever the Borrower requests a Loan by way of Bankers’ Acceptances, each Non-Acceptance Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non-Acceptance Lender’s percentage of the Loan.
(b) As set out in the definition of Bankers’ Acceptances, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For greater certainty:
(i) the term of a Discount Note shall be the same as the term for Bankers’ Acceptances accepted and purchased on the same Borrowing Date in respect of the same Loan;; LEGAL_1:36982001.9
(ii) an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the acceptance fee in respect of a Bankers’ Acceptance; and
(iii) the CDOR rate applicable to a Discount Note shall be the CDOR rate applicable to Bankers’ Acceptances accepted by a Lender on the same drawdown, rollover or conversion, as the case may be, in respect of the same Loan. LEGAL_1:60252742.8.
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Samples: Credit Agreement (Pacificorp /Or/)
BA Equivalent Loans and Discount Notes. (a) Whenever the Borrower requests a Loan by way of Bankers’ ' Acceptances, each Non-Acceptance Lender shall, in lieu of accepting a Bankers’ ' Acceptance, make a BA Equivalent Loan in an amount equal to the Non-Acceptance Lender’s 's percentage of the Loan.
(b) As set out in the definition of Bankers’ ' Acceptances, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ ' Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For greater certainty:
(i) the term of a Discount Note shall be the same as the term for Bankers’ ' Acceptances accepted and purchased on the same Borrowing Date in respect of the same Loan;
(ii) an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the acceptance fee in respect of a Bankers’ ' Acceptance; and
(iii) the CDOR rate applicable to a Discount Note shall be the CDOR rate applicable to Bankers’ ' Acceptances accepted by a Lender on the same drawdown, rollover or conversion, as the case may be, in respect of the same Loan. LEGAL_1:60252742.8.
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