Bankers’ Acceptances definition

Bankers’ Acceptances means bankers’ acceptances denominated in Canadian Dollars in the form of either a depository ▇▇▇▇, as defined in the DBNA, or a blank non-interest bearing ▇▇▇▇ of exchange, as defined in the Bills of Exchange Act (Canada), in either case issued by Borrower and accepted by a Lender (and, if applicable, purchased by a Lender) at the request of Borrower, such depository ▇▇▇▇ or ▇▇▇▇ of exchange to be substantially in the standard form of such Lender.

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Bankers’ Acceptances means the Accommodations or any portion thereof made available by the Lenders to the Borrower by way of bankers' acceptances denominated in Cdn. Dollars which are issued by the Borrower pursuant to Sections 3.4 or 3.10 and accepted by the Lenders pursuant to Section 3.6;

Bankers’ Acceptances means time drafts drawn on and accepted by a bank.

Examples of Bankers’ Acceptances in a sentence

• Any BA Equivalent Advance shall be made on the relevant Drawdown Date, Rollover Date or Conversion Date as the case may be and shall remain outstanding for the term of the relevant Bankers’ Acceptances.

• Subject to the other provisions hereof, Conversions and Rollovers of Bankers’ Acceptances may only occur on the maturity date thereof.

• In the event of any inconsistency between the provisions of this Section 2.15 and any other provision of Article II with respect to Bankers’ Acceptances or BA Equivalent Notes, the provisions of this Section 2.15 shall prevail.

• Any such payment shall satisfy TCCI’s obligations under the Bankers’ Acceptance, Draft or BA Equivalent Note to which it relates and the relevant Lender shall thereafter be solely responsible for the payment of such Bankers’ Acceptances, Drafts or BA Equivalent Notes.

• If at any time a Lender ceases to accept bankers’ acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers’ Acceptances under this Agreement.

More Definitions of Bankers’ Acceptances

Bankers’ Acceptances means a ▇▇▇▇ of exchange, including a depository ▇▇▇▇ issued in accordance with the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by the Canadian Borrower and accepted by a Lender in accordance with the terms of this Agreement.

Bankers’ Acceptances as such terms are defined in this Agreement; (iii) references therein to "Notes" shall mean "Notes" and "Bankers Acceptances" as such terms are defined in this Agreement; and (iv) as appropriate in the context, other corresponding changes shall be made, mutatis mutandis.

Bankers’ Acceptances means any banker's acceptance issued to any of the Canadian Lenders pursuant to the Canadian Credit Agreement.

Bankers’ Acceptances as such terms are defined in this Agreement; and (iv) as appropriate in the context, other corresponding changes shall be made, mutatis mutandis.

Bankers’ Acceptances and "B/A" shall mean a ▇▇▇▇ of exchange denominated in C$ drawn by a Canadian Borrower and accepted by a Canadian Lender in accordance with this Agreement.

Bankers’ Acceptances means bankers’ acceptances denominated in Canadian Dollars in the form of either a depository b▇▇▇, as defined in the DBNA, or a blank non-interest bearing b▇▇▇ of exchange, as defined in the Bills of Exchange Act (Canada), in either case issued by the Canadian Borrowers and accepted by a Canadian Tranche Revolving Lender (and, if applicable, purchased by such Canadian Tranche Revolving Lender) at the request of the Canadian Borrowers, such depository b▇▇▇ or b▇▇▇ of exchange to be substantially in the standard form of such Canadian Tranche Revolving Lender.

Bankers’ Acceptances. Banker’s acceptances, bank guaranties, time deposits and similar instruments issued in connection with commercial Letters of Credit issued hereunder.