Bankers’ Acceptances definition

Bankers’ Acceptances means bankers’ acceptances denominated in Canadian Dollars in the form of either a depository xxxx, as defined in the DBNA, or a blank non-interest bearing xxxx 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 xxxx or xxxx of exchange to be substantially in the standard form of such Lender.

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

Bankers’ Acceptances means bankers' acceptances denominated in Cdn. Dollars which are issued by the Borrower pursuant to Sections 3.7, 3.14 or 3.15 and accepted and if applicable, purchased by a Lender pursuant to Section 3.9(i);

Examples of Bankers’ Acceptances in a sentence

• 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.

• 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.

• Each Advance by way of Bankers’ Acceptances under a Credit Facility shall consist of the creation and purchase of Bankers’ Acceptances on the same day, in each case, for the Discount Proceeds.

• If the Borrower has not elected to arrange for the sale of its Bankers’ Acceptances on such Drawdown Date, the Agent shall advise the Borrower as to its determination of the applicable Discount Rate for the Bankers’ Acceptances pursuant to clause (b) of the definition of “Discount Rate”, which each applicable Lender has been required to purchase or issue.

• Unless otherwise agreed to by the Agent, the Borrower shall not at any time have outstanding under the Credit Facilities Bankers’ Acceptances with more than 10 different maturity dates.

More Definitions of Bankers’ Acceptances

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

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 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 means bankers acceptances issued by the Issuing Bank upon acceptance by the Issuing Bank of time drafts presented pursuant to Letters of Credit."

Bankers’ Acceptances and "B/A" shall mean a xxxx 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 bxxx, as defined in the DBNA, or a blank non-interest bearing bxxx of exchange, as defined in the Bills of Exchange Act (Canada), in either case issued by the Canadian Borrower and accepted by a Canadian Tranche Revolving Lender (and, if applicable, purchased by such Canadian Tranche Revolving Lender) at the request of the Canadian Borrower, such depository bxxx or bxxx of exchange to be substantially in the standard form of such Canadian Tranche Revolving Lender.