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 within the meaning of the Bills of Exchange Act (Canada) or a depository xxxx within the meaning of the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by the applicable Borrower and accepted by a Lender in accordance with the terms of this Agreement and bearing such distinguishing letters and numbers as the Lender may determine.

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

• 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.

• Committed Tranche B Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Notes, as further provided herein.

• The Canadian Sub-Agent agrees that it will, as promptly as practicable, notify TCCI of the unavailability of Bankers’ Acceptances.

• Anything in Section 2.15(a) to the contrary notwithstanding, TCCI may not select a Drawing if the obligation of the Tranche B Lenders to purchase and accept Bankers’ Acceptances shall then be suspended pursuant to Section 2.15(e) or 3.2(b).

More Definitions of Bankers’ Acceptances

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

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; (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 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 bankers’ acceptances denominated in Canadian Dollars in the form of either a depository bxxx, as defined in the Depository Bills and Notes Act (Canada), 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 Lender (and, if applicable, purchased by such Canadian Tranche 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 Lender.