BA Reference Rate definition

BA Reference Rate means, as applicable to any Bankers' Acceptance being purchased by the Lender on any day, the per annum percentage discount rate (expressed to two decimal places and rounded upward, if necessary, to the nearest 1/100th of 1%), quoted by the Lender as that at which the Lender would, in accordance with its normal practice, on such day be prepared to purchase its own bankers' acceptances in an amount and having a maturity date comparable to the amount and maturity date of such Bankers' Acceptance;
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BA Reference Rate means (i) for each Lender that is a Schedule I Canadian chartered bank, the CDOR BA Rate and (ii) for each Lender that is not a Schedule I Canadian chartered bank, the CDOR BA Rate plus one-tenth percent (0.10%) per annum;
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BA Reference Rate for any Term of any Borrowing by way of Acceptances means (i) for each Canadian Lender that is a Schedule I Canadian chartered bank and not a Non-Acceptance Lender, CDOR for that Term and (ii) for each Canadian Lender that is not a Schedule I Canadian chartered bank, or is a Non-Acceptance Lender, (A) CDOR plus seven-tenths of one percent (0.07%) per annum or, if such Lender provides such quotations and it is less than the rate determined pursuant to clause (A), (B) the interbank bid rate (rounded up, if necessary, to be expressed to three (3) decimal places) quoted by such Canadian Lender as being the rate at which that Canadian Lender was receiving bids (which it was prepared to accept) to sell bankers’ acceptances of the specified maturity issued by that Canadian Lender in the relevant Canadian money markets as of 10:00 a.m. on such day or the preceding Business Day if that day is not a Business Day.
Sample 1

Examples of BA Reference Rate in a sentence

  • Subject to Sections 5.10 and 5.11, each Lender shall accept Drafts and purchase and take delivery of its Rateable Share of each issue of Acceptances for its own account on the Borrowing Date of such Acceptances at the purchase price equal to the face amount of such Acceptances less an amount equal to the amount that yields to such Lender (excluding the Stamping Fee) an interest rate per annum equal to such Lender's BA Reference Rate for the applicable Term of such Acceptances.

  • Each Commitment Fee, CDOR and BA Reference Rate are expressed on the basis of a 365 day year.

  • The issue as to whether persons are related or other wise has been the su bject m atter of ongoing dispute between the department and the assessee.

  • The rates of interest per annum payable on or in respect of Canadian Prime Rate, US Base Rate Loans (except where it is determined with reference to the Federal Funds Rate), US Prime Rate Loans (except where it is determined with reference to the Federal Funds Rate), CDOR and the BA Reference Rate and the Standby Fees and Standby Instrument Fees payable under the Canadian Facilities, are expressed on the basis of a 365 day year.

  • Each Lender shall be entitled to deduct from the Acceptance Proceeds derived from the purchase by it of Acceptances, the Stamping Fee payable to it pursuant to and as determined in accordance with Section 4.7. The Acceptance Proceeds for any Acceptances purchased by a Lender shall be determined in accordance with the following formula: Acceptance Proceeds = Face amount of Acceptance X 1 Where n is the number of days to elapse in the Term of the Acceptances and BA Reference Rate is expressed as a decimal.

  • In this way we will offer some insight into the development of Foucault’s thought as it seeks to mount a veritable critique of critique.


More Definitions of BA Reference Rate

BA Reference Rate means (a) for each Lender that is a Schedule I Canadian chartered bank, CDOR and (b) for each Lender that is not a Schedule I Canadian chartered bank, and is (i) a Non-Acceptance Lender, CDOR plus one-tenth of one percent (0.10%) per annum or (ii) not a Non-Acceptance Lender, the lesser of (A) CDOR plus one-tenth of one percent (0.10%) per annum and (B) the interbank bid rate (rounded up, if necessary to be expressed to two (2) decimal places, to the nearest 1/100th of 1%) quoted by such Lender as being the rate at which that Lender was receiving bids (which it was prepared to accept) to sell bankers’ acceptances of the specified maturity issued by that Lender in the relevant Canadian money markets as of 10:00 a.m. (Toronto time) on such day;
Sample 1
BA Reference Rate means for any Interest Period the average bankers' acceptance discount rate as quoted on the CDOR page of Reutxx Xxxey Monitor Rates Service (or such other page as may, from time to time, replace such page on the service for the purpose of displaying quotations for bankers' acceptances accepted by leading Canadian financial institutions) at approximately 10:00 a.m. (Toronto time) on the first day of such Interest Period for bankers' acceptances having three month terms [NOTE: CISCO MAY PREFER TO REFER TO TELERATE IF QUOTE AVAILABLE THERE].
Sample 1

Related to BA Reference Rate

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Reference Rate means the rate specified as such hereon.

  • Replacement Reference Rate means a reference rate which is:

  • Successor Reference Rate means the rate that the relevant Independent Adviser or the Issuer (as applicable) determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency or any LIBOR Floating Rate Loan, LIBOR, for any Eurocurrency Rate Loan denominated in Australian Dollars, BBSY, for any Eurocurrency Rate Loan denominated in Canadian Dollars, the CDOR Rate and for any Eurocurrency Rate Loan denominated in Mexican Pesos, TIIE, as applicable.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • CDOR Rate means, the rate per annum, equal to the average of the annual yield rates applicable to Canadian Dollar banker’s acceptances at or about 10:00a.m. (Toronto, Ontario time) on the first day of such Interest Period (or if such day is not a Business Day, then on the immediately preceding Business Day) as reported on the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may be designated by the Administrative Agent from time to time) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period).

  • U.S. Base Rate means, for any day, the greater of:

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Bank by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • 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

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • Initial LIBOR Rate Not applicable.