We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

BA Interest Period definition

BA Interest Period means, relative to any Bankers Acceptance or BA Equivalent Loan, the period beginning on (and including) the date on which such Bankers Acceptance is accepted or continued or such BA Equivalent Loan is made or continued to (but excluding) the date which is 30, 60 or 90 days thereafter, as selected by the Company.
Sample 1Sample 2Sample 3
BA Interest Period means, relative to any BA Rate Loan, the period beginning on (and including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which is one, two or three months thereafter, as selected by the applicable Borrower; provided that (a) if any BA Interest Period would end on a day other than a Business Day, such BA Interest 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 Interest Period shall end on the next preceding Business Day, (b) any BA Interest 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 Interest Period) shall end on the last Business Day of the last calendar month of such BA Interest Period and (c) no BA Interest Period shall end after the final maturity for the applicable Facility.
Sample 1Sample 2Sample 3
BA Interest Period means, relative to any BA Rate Loan, the period beginning on (and including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which is one, two or three months thereafter, as selected by the Canadian Borrower or the U.S. Borrower, as applicable; provided, that (i) if any BA Interest Period would end on a day other than a Business Day, such BA Interest 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 Interest Period shall end on the next preceding Business Day, (ii) any BA Interest 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 Interest Period) shall end on the last Business Day of the last calendar month of such BA Interest Period and (iii) no BA Interest Period shall end after the Scheduled Termination Date for the applicable Revolving Facility.
Sample 1Sample 2Sample 3

Examples of BA Interest Period in a sentence

  • Each of the (i) Eurocurrency Rate for each Eurocurrency Interest Period for Eurocurrency Rate Loans and (ii) the BA Rate for each BA Interest Period for BA Rate Loans shall be determined by the Agent pursuant to the procedures set forth in the definition of “Eurocurrency Rate” or “BA Rate,” as applicable.

  • If no BA Interest Period is specified with respect to a BA Rate Loan then the Canadian Borrower shall be deemed to have selected a BA Interest Period of one month.

  • IEA Energy Technology Essentials: Hydrogen Production & Distribution.

  • If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected BA Interest Period of 30 days’ duration.

  • Each such Notice of Borrowing shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing denominated in Canadian Dollars, (C) whether any portion thereof will be of Canadian Base Rate Loans or BA Rate Loans, (D) the BA Interest Period or Interest Periods for any such BA Rate Loans and (E) such Borrower's Available Credit (after giving effect to the proposed Borrowing).


More Definitions of BA Interest Period

BA Interest Period means, relative to any BA Rate Loan, the period beginning on (and including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which is one, two or three months thereafter, as selected by the Parent Borrower; provided, that if any BA Interest Period would end on a day other than a Business Day, such BA Interest 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 Interest Period shall end on the next preceding Business Day.
Sample 1Sample 2Sample 3
BA Interest Period means, relative to any BA Rate Loan, the period beginning on (and including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which is 30, 60 or 90 days thereafter, as selected by the Canadian Borrower.
Sample 1Sample 2
BA Interest Period means, relative to any BA Rate Syndicated Loan, the period beginning on (and including) the date on which such BA Rate Syndicated Loan is made or continued to (but excluding) the date which is one, two, three, or six months thereafter or such other period of time agreed to by the Canadian Lenders, as the Canadian Borrower may elect under Section 2.6, and each subsequent period commencing on the expiry of the immediately preceding BA Interest Period and ending on the date one, two, three, or six months (or such other period acceptable to the Canadian Borrower and the Canadian Lenders) thereafter, as the Canadian Borrower may elect under Section 2.6, provided, however, that (a) each BA Interest Period which would otherwise end on a day which is not a Business Day shall end on the
Sample 1Sample 2
BA Interest Period means, with respect to a BA Rate Advance, the term of days as selected by a Canada-Borrower in accordance with Section 2.7.2, commencing on the Borrowing Date or Conversion Date, as applicable, of such BA Rate Advance and expiring on a Business Day, which term shall not be less than 30 days or more than 180 days thereafter, in each case subject to availability.
Sample 1Sample 2
BA Interest Period means, relative to any BA Rate Loan, the period beginning on (and including) the date on which such BA Rate Loan is made or continued to (but excluding) the date which is 30, 60, 90 or 180 days thereafter, as selected by the Canadian Borrower, provided that any BA Rate Borrowings made or continued during the period beginning on the Closing Date and ending on the earlier of (x) three months following the Closing Date and (y) the completion of the primary syndication of the Commitments (as determined by the Arranger), shall have a BA Interest Period of 30 days.
Sample 1Sample 2
BA Interest Period means, relative to any BA Rate Syndicated Loan, the period beginning on (and including) the date on which such BA Rate Syndicated Loan is made or continued to (but excluding) the date which is one, two, three, or six months thereafter or such other period of time agreed to by the Canadian Lenders, as the Canadian Borrower may elect under Section 2.6, and each subsequent period commencing on the expiry of the immediately preceding BA Interest Period and ending on the date one, two, three, or six months (or such other period acceptable to the Canadian Borrower and the Canadian Lenders) thereafter, as the Canadian Borrower may elect under Section 2.6, provided, however, that (a) each BA Interest Period which would otherwise end on a day which is not a Business Day shall end on the next succeeding Business Day, and (b) no BA Interest Period shall be permitted which would end after the Termination Date.
Sample 1
BA Interest Period has the meaning ascribed thereto in Section 7.8(a).
Sample 1