BA Loan Rate definition

BA Loan Rate means the BA Rate plus the Applicable Rate.
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BA Loan Rate means, for each BA Loan, an interest rate per annum equal to the average discount rate of bankers' acceptances in Dollars having periods identical to the period of such BA Loan as quoted on Reuters Service page CDOR as of approximately 10:00 a.m. (Montreal time) on the date such BA Loan is made;
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BA Loan Rate has the meaning set forth in the Contract Data Sheet;
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Examples of BA Loan Rate in a sentence

  • The Administrative Agent shall as soon as practicable notify the relevant Borrower and the Lenders of each determination of a Eurodollar Rate or a BA Loan Rate, as the case may be.

  • For the purposes of establishing the applicable Revolving Loan Rate and applicable BA Loan Rate, the Borrowing Base Surplus shall be calculated by applying the advance rate of 85% of NOLV of Eligible Finished Goods Inventory.

  • Any BA Loan shall bear interest at an annual rate equal to the BA Loan Rate in effect from time to time plus 6%.

  • Any BA Loan shall bear interest at an annual rate equal to the BA Loan Rate in effect from time to time plus the applicable margin determined in accordance with Schedule F.


More Definitions of BA Loan Rate

BA Loan Rate in respect of any Interest Period applicable to a BA Rate Loan, the rate per annum determined by the Administrative Agent by reference to the average rate quoted on the Reuters Monitor Screen (Page CDOR, or such other Page as may replace such Page on such Screen for the purpose of displaying Canadian interbank bid rates for Canadian Dollar bankers' acceptances) applicable to Canadian Dollar bankers' acceptances with a term comparable to such Interest Period as of 10:00 A.M., Toronto time, one Business Day before the first day of such Interest Period. If for any reason the Reuters Monitor Screen rates are unavailable, the "BA Loan Rate" shall mean the rate of interest determined by the Administrative Agent which is equal to the highest rate quoted by any of the five largest banks (determined on the basis of assets) named in Schedule I of the Bank Act (Canada) in respect of Canadian Dollar bankers' acceptances with a term comparable to such Interest Period as of 10:00 A.M., Toronto time, one Business Day before the first day of such Interest Period.
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BA Loan Rate means the rate of interest determined by the Administrative Agent which is equal to the highest rate quoted by any of the five largest banks (determined on the basis of assets) named in Schedule I of the Bank Act (Canada) in respect of Canadian Dollar bankers' acceptances with a term comparable to such Interest Period as of 10:00 A.M., Toronto time, one Business Day before the first day of such Interest Period.
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Related to BA Loan Rate

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • LIBOR Revolver Loan a Revolver Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Maximum Revolving Advance Amount means $25,000,000.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR