Examples of BA Rate Advance in a sentence
If such Advance is a BA Rate Advance, at the BA Rate plus the Applicable Margin.
If such Canada-Borrower fails to select and to notify the Canada Agent of the BA Interest Period applicable to the BA Rate Advance, or its intention to repay or convert, such Canada-Borrower shall be deemed to have converted the BA Rate Advance into a Canadian Prime Advance as of the last day of the applicable BA Interest Period.
Subject to the terms hereof, a Canadian Borrower may elect from time to time to convert all or any part of a Advance of any Type to such Canadian Borrower into any other Type or Types of Advance; provided that any conversion of any BA Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto.
The determination of the amount of any Breakage Costs resulting from, arising out of, or imposed upon or incurred by any Lender as a result of the repayment of any LIBOR Advance, BA Rate Advance or EURIBOR Advance prior to the end of the applicable Interest Period, when evidenced by a certificate from that Lender giving a reasonably detailed calculation of the amount of such loss, cost or expense, shall be prima facie evidence of the same.
On receipt of such notice and confirmation of the calculation of such amounts by the Administrator, such Breakage Costs shall be payable: (a) in respect of a BA Rate Advance repaid pursuant to Section 2.7(b), on the immediately following Payment Date (or, if the notice from the Lender is received after the Determination Date in respect of the current Due Period, on the second following Payment Date); and (b) in all other cases, on the second following Payment Date.
If no Interest Period or BA Period is specified with respect to any requested Borrowing of a LIBOR Rate Advance or a BA Rate Advance, as applicable, then the Borrower shall be deemed to have selected an Interest Period or BA Period, as applicable, of one month’s duration.
The aggregate face amount of the B/As to be accepted by the Canadian Lenders shall be in a minimum aggregate amount of CDN$10,000,000 and shall be a whole multiple of CDN$1,000,000, and such face amount shall be in the Canadian Lenders’ pro rata portions of such advance, provided that the Primary Canadian Agent may in its sole discretion increase or reduce any Lender’s portion of such Canadian BA Rate Advance to the nearest CDN$100,000 without reducing the overall commitments of such Lender.
Subject to the terms hereof, the Canadian Borrower may elect from time to time to convert all or any part of a Advance of any Type to the Canadian Borrower into any other Type or Types of Advance; provided that any conversion of any BA Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto.
During such periods as such Advance is made in Canadian Dollars and is a BA Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the BA Rate for such Interest Period for such Advance plus (y) the Applicable Margin for BA Rate Advances in effect from time to time, payable in arrears on the last day of such Interest Period and on the date such BA Rate Advance shall be Converted or paid in full.
The Invested Amount shall be applied by the Agent to payment of the principal amount of such BA Rate Advance together with the interest payable thereon on the last day of the Interest Period applicable to such BA Rate Advance.