Bankers’ Acceptance Rate definition
Bankers’ Acceptance Rate means for any day a fluctuating rate per annum equal to the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its “bankers’ acceptance rate”. Any change in such rate announced by Bank of America, N.A. shall take effect at the opening of business on the day specified in the public announcement of such change.
Bankers’ Acceptance Rate means the closing rate on any particular day for a one (1) month Canadian Dollar banker’s acceptance as traced in Bloomberg using the “Canadian Deposit Offered Rate 01 index”.
Bankers’ Acceptance Rate means the applicable BADR plus the Applicable Rate for Revolving Loans that are Term SOFR Loans.
Examples of Bankers’ Acceptance Rate in a sentence
If there is any change in the Bankers’ Acceptance Rate or the Applicable Rate for Bankers’ Acceptances during any quarter, the maximum stated amount of all outstanding Bankers’ Acceptances shall be computed and multiplied by the Bankers’ Acceptance Rate or Applicable Rate, as applicable, separately for each period during such quarter that such Bankers’ Acceptance Rate or Applicable Rate, as applicable, was in effect.
The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Percentage a Bankers’ Acceptance fee (the “BA Fee”) equal to the Bankers’ Acceptance Rate plus the Applicable Rate times the maximum stated amount of all then outstanding Bankers’ Acceptances.
More Definitions of Bankers’ Acceptance Rate
Bankers’ Acceptance Rate means, on any day, and with respect to any Bankers' Acceptance, an annual rate of interest equal to the rate quoted by the Canadian Dollar Lender accepting and discounting such Bankers' Acceptance for discounting Canadian bankers' acceptances having a face amount and term comparable to the face amount and term of such Bankers' Acceptance as of 10:00 a.m. New York City time on such day, or if such day is not a Business Day, then on the next immediately preceding Business Day.
Bankers’ Acceptance Rate means with respect to any Acceptance hereunder, a discount charge (calculated with respect to the face amount of such Acceptance on the basis of a 360-day year from the number of days from the date such Acceptance is accepted by Agent (the "Acceptance Date") to its maturity date) at a rate per annum equal to the discount rate, at which the Agent is able to rediscount in the New York bankers' acceptance market on the Acceptance Date its eligible acceptances of a face amount and a maturity period approximately equal to that of such Acceptance.
Bankers’ Acceptance Rate means the rate per annum established from time to time by the Canadian Agent as its base rate for the acceptance of Bankers' Acceptances.
Bankers’ Acceptance Rate or "BAR" shall mean such fixed rate of interest for the BAR Period as is determined and established by the Agent, and which may be changed by the Agent from time to time, for banker's acceptance rate borrowings, whether or not such rate shall be otherwise published or Borrower receives notice thereof.
Bankers’ Acceptance Rate means, on any day, the annual rate of interest which is the rate quoted by Bank of Montreal for bankers' acceptances accepted by it having a maturity equivalent to the applicable Settlement Period, provided that if no such quoted rate is available on any day, "Bankers' Acceptance Rate" on that day shall be such other rate as the Administrative Agent and the Seller may agree.
Bankers’ Acceptance Rate means, on any day:
Bankers’ Acceptance Rate means, for Canadian Loans, for any calendar week commencing on Tuesday of such week, the average rate for one month Canadian dollar bankers' acceptances that appear on the Reuters Screen CDOR (Canadian Deposit Offered Rate) page as of 10:00 a.m. Toronto time on (a) the Monday immediately preceding, or (b) if any such Monday is not a business day, then on the business day immediately preceding such Monday.