BA Equivalent Advance definition

BA Equivalent Advance means, in relation to a Drawdown of, Conversion into or Rollover of Bankers’ Acceptances, an Advance in Canadian Dollars made by a Non-Acceptance Lender as part of such Loan.
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BA Equivalent Advance means an Advance contemplated as such in Section 10.3.
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BA Equivalent Advance means a Canadian Dollar Advance provided hereunder by a Non-BA Lender in lieu of Bankers' Acceptances, pursuant to Section 9.4.
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Examples of BA Equivalent Advance in a sentence

  • The principal amount of each BA Equivalent Advance shall be that amount which, when added to the face amount of interest (calculated at the Discount Rate) which will accrue during the BA Equivalent Interest Period shall be equal, at maturity, to the face amount of the drafts which would have been accepted by such Lender had it accepted Bankers’ Acceptances.

  • The “BA Equivalent Interest Period” for each BA Equivalent Advance shall be equal to the term of the drafts presented for acceptance as Bankers’ Acceptances on the relevant Drawdown Date, Conversion Date or Rollover Date.

  • This Section 10.5 shall apply mutatis mutandis to any note or draft, if any, which may be issued from time to time to evidence a BA Equivalent Advance.


More Definitions of BA Equivalent Advance

BA Equivalent Advance means a loan provided hereunder by a Canadian Lender in lieu of accepting and purchasing a BA pursuant to Section 3.08.
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BA Equivalent Advance means a Canadian Advance provided hereunder by a Canadian Lender in lieu of accepting and purchasing a BA pursuant to Section 2.12(f).
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BA Equivalent Advance means an Advance made by a Non-BA Lender as part of a BA Issue;
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BA Equivalent Advance has the defined meaning assigned to it in Section 4.11;
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BA Equivalent Advance means an advance made in Canadian Dollars by a Non-Acceptance Lender as part of an Accommodation by way of Bankers’ Acceptances;
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BA Equivalent Advance has the meaning ascribed to it in Section 3.9(e).
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BA Equivalent Advance means, in relation to a Drawdown of, Conversion into or Rollover of Bankers' Acceptances, an Advance in Canadian Dollars made by a Non-Acceptance Lender as part of such Loan.
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