BA Equivalent Loan definition

BA Equivalent Loan any Loan in Canadian Dollars bearing interest at a rate determined by reference to the BA Rate in accordance with the provisions of Section 2.
BA Equivalent Loan means any Canadian Loan in CD$ bearing interest at a rate determined by reference to the BA Rate in accordance with the provisions of Article II.
BA Equivalent Loan means a Revolving Credit Loan made to the Borrower by a Non-BA Lender in lieu of accepting such Non-BA Lender’s share of Bankers’ Acceptances which may be evidenced by a Discount Note.

Examples of BA Equivalent Loan in a sentence

  • If any such notice is given and is not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (if a Eurocurrency Loan or BA Equivalent Loan is prepaid other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to Section 4.12 and accrued interest to such date on the amount prepaid.


More Definitions of BA Equivalent Loan

BA Equivalent Loan means an Advance in Canadian Dollars made by a Non-BA Lender to the Borrower in respect of which the Borrower has issued a BA Equivalent Note.
BA Equivalent Loan means an Advance made by a Non BA Lender evidenced by a Discount Note.
BA Equivalent Loan a Canadian Revolving Credit Loan made by a Non BA Lender evidenced by a Discount Note.
BA Equivalent Loan means an advance in Canadian Dollars made by a Canadian Lender to the Canadian Borrower evidenced by a BA Equivalent Note.
BA Equivalent Loan shall have the meaning given to it in Section 2.06(f).
BA Equivalent Loan has the meaning defined in Section 5.11(5).