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.

BA Equivalent Advance means an Advance contemplated as such in Section 10.3.

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.

Examples of BA Equivalent Advance in a sentence

• Any BA Equivalent Advance shall be made on the relevant Drawdown Date, Rollover Date or Conversion Date as the case may be and shall remain outstanding for the term of the relevant Bankers’ Acceptances.

• Concurrent with the making of a BA Equivalent Advance, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the acceptance fee which, but for this Section, such Lender would otherwise be entitled to receive as part of such Loan.

• Notwithstanding the foregoing provisions of this Article, a Non-Acceptance Lender shall, in lieu of accepting Bankers’ Acceptances, make a BA Equivalent Advance.

• The amount of each BA Equivalent Advance shall be equal to the Discount Proceeds which would be realized from a hypothetical sale of those Bankers’ Acceptances which, but for this Section, such Lender would otherwise be required to accept as part of such a Drawdown, Conversion or Rollover of Bankers’ Acceptances.

• All such interest shall be paid in advance on the date such B/A Equivalent Advance is made, and will be deducted from the principal amount of such B/A Equivalent Advance in the same manner in which the Discount Proceeds of a Bankers’ Acceptance would be deducted from the face amount of the Bankers’ Acceptance.

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.

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).

BA Equivalent Advance has the meaning ascribed to it in Section 3.9(e).

BA Equivalent Advance means an Advance made by a Non-BA Lender as part of a BA Issue;

BA Equivalent Advance has the defined meaning assigned to it in Section 6.11.

BA Equivalent Advance means a disbursement or credit of funds in Canadian Dollars provided hereunder by a Non-BA Lender in lieu of Bankers' Acceptances, pursuant to Section 10.4.

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.