Common use of BA Equivalent Loans by Non BA Lenders Clause in Contracts

BA Equivalent Loans by Non BA Lenders. Whenever a Canadian Borrower requests a Revolving Credit Loan by way of Bankers’ Acceptance, each Lender which is not a Schedule I Lender and each Non BA Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non BA Lender’s Canadian Facility Commitment Percentage.

BA Equivalent Loans by Non BA Lenders. Whenever a Canadian Borrower requests a Revolving Credit Loan by way of Bankers’ Acceptance, each Canadian Facility Lender which is not a Schedule I Lender and each Non Non-BA Lender shall, in lieu of accepting a and purchasing Bankers’ AcceptanceAcceptances, make a BA Equivalent Loan in an amount equal to the Non BA Lender’s Canadian Facility Commitment Percentageequivalent aggregate amount.