BA Contract Period definition

BA Contract Period means, relative to any BA Loan, the period beginning on (and including) the date on which such BA Loan is made or continued to (but excluding) the date which is one, two, three or six months thereafter (or twelve months if, at the time of the relevant BA Loan, such term is agreed to by all relevant Lenders), as selected by the applicable Borrower; provided that (i) if any BA Contract Period would end on a day other than a Business Day, such BA Contract Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such BA Contract Period shall end on the next preceding Business Day, (ii) any BA Contract Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such BA Contract Period) shall end on the last Business Day of the last calendar month of such BA Contract Period and (iii) no BA Contract Period shall end after the Term A Loan Maturity Date, the Term B Loan Maturity Date or the Revolving Facility Maturity Date, as applicable.
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BA Contract Period means the term of any BA Equivalent Loan selected by the Borrower in accordance with Section 2.3(b)(iii) commencing on the date of such BA Equivalent Loan and expiring on a Business Day which shall be either one month, two months, or three months thereafter, or for such other period of time as may be available from time to time in the Agent’s and the Lenders’ discretion; provided that (i) subject to subparagraph (ii) below, each such period shall be subject to such extensions or reductions as may be determined by the Agent to ensure that each BA Contract Period will expire on a Business Day, and (ii) no BA Contract Period shall extend beyond the Maturity Date.
Sample 1
BA Contract Period means, with respect to any Bankers' Acceptance, a period commencing on the date of issuance thereof and ending 1, 2, 3 or 6 months (or one year, if agreed to by all of the Canadian Revolving Lenders) thereafter; PROVIDED that no BA Contract Period shall be elected which would end after the Revolving Termination Date.
Sample 1

Examples of BA Contract Period in a sentence

  • The Canadian Borrower shall indemnify the Administrative Agent for any losses relating to the investments so that the amount available to prepay amounts due in respect of BAs on the last day of the applicable BA Contract Period is not less than the amount that would have been available had no investments been made pursuant thereto.

  • If a Canadian Borrower fails to make such payment, such maturing BA Borrowings shall be deemed to have been converted on the last day of the BA Contract Period into a Canadian Prime Loan in an amount equal to the aggregate amount of such BA Borrowings.

  • Thereafter, the relevant Borrower may elect to convert a Borrowing to a different Type denominated in the same currency or to continue such Borrowing, in each case as permitted pursuant to this Agreement and, in the case of (i) a LIBO Rate Borrowing, may elect a new Interest Period therefore, or (ii) a BA Borrowing, may elect a new BA Contract Period therefor, all as provided in this Section 2.3(f) .

  • Such Bankers' Acceptance Request shall specify: (i) the proposed issuance date of the related Bankers' Acceptances (which shall be a Business Day); (ii) the amount of such borrowing (in Canadian Dollars); (iii) the proposed BA Contract Period to be applicable thereto; and (iv) if such borrowing relates to conversion/continuation of a Loan or previously issued Banker's Acceptance, the relevant Notice of Extension/Conversion.

  • The Parent Borrower shall pay to each Canadian Revolving Lender for its own account a fee (the "BA ACCEPTANCE FEE") on the face amount of each Bankers' Acceptance issued by the Parent Borrower and to be accepted by such Canadian Revolving Lender computed at a per annum rate for each day during the BA Contract Period of such Bankers' Acceptance equal to the Applicable Margin for BA Acceptance Fees in effect on the date of issuance of such Bankers' Acceptance.

  • At the commencement of each BA Contract Period for any BA Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000.

  • The Loans comprising each BA Borrowing shall bear interest (computed in advance on the basis of the actual number of days in the relevant BA Contract Period over a year of 365 days or 366 days, as the case may be) at a rate per annum equal to the BA Rate plus the Applicable Margin from time to time in effect.

  • If no BA Contract Period is specified with respect to any requested BA Borrowing, then the Canadian Borrower shall be deemed to have selected a BA Contract Period of a one month duration.

  • Promptly following receipt of Bankers' Acceptance Requests, the Canadian Administrative Agent shall so advise the Canadian Revolving Lenders, and shall advise each Canadian Revolving Lender of the undiscounted face amount and BA Contract Period of each Draft to be accepted by it.

  • If a Canadian Borrower fails to notify the Agent of its intention to roll over such BA Equivalent Loan into another BA Equivalent Loan on such last day of the BA Contract Period, such Canadian Borrower shall provide payment to the Agent on behalf of the Canadian Revolving Lenders of an amount equal to the aggregate face amount of such BA Borrowings on the last day of the BA Contract Period thereof.

Related to BA Contract Period

  • Contract Period means the period from the Commencement Date to:

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Project Period means the period es- tablished in the award document dur- ing which Federal sponsorship begins and ends.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Discount Period means, with respect to any Settlement Date or the Liquidity Termination Date, the period from and including the preceding Settlement Date (or if none, the date that the first Incremental Purchase is made hereunder) to but not including such Settlement Date or Liquidity Termination Date, as applicable.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Extended benefit period means a period which:

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Audit Period means the seven year period following Contractor’s provision of any work under the Contract.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Agreement Term has the meaning set forth in Section 11.1.

  • Extended Period As defined in Section 9.04(b).

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Payment Period means the three months following each Collection Quarter.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Extension Period has the meaning set forth in Section 2.11.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Period shall have the meaning ascribed to it in Schedule 8;