Canadian BA definition

Canadian BA means a depository bill as defined in the Depository Bills and Notes Act (Canada) in Ca▇▇▇▇an Dollars that is in the form of an order signed by the Canadian Borrower and accepted by a Lender pursuant to this Agreement or, for Lenders not participating in clearing services contemplated in that Act, a draft or bill of exchange in Canadian Dollars that is drawn by the Canadian B▇▇▇▇wer and accepted by a Lender pursuant to this Agreement. Orders that become depository bills, drafts and bills of exchange are sometimes collectively referred to in this Agreement as "drafts." Canadian BAs shall have a term of approximately 30, 60, 90 or 180 days, shall be issued and payable only in Canada and shall have a face amount of an integral multiple of Cdn$100,000. In addition, to the extent the context shall require, each Acceptance Note shall be deemed to be a Canadian BA.

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Canadian BA means a Canadian Dollar draft of Canadian Borrower, in form acceptable to the accepting Canadian Bank, for a term selected by Canadian Borrower of either 30, 60, 90 or 180 days (as reduced or extended by the accepting Canadian Bank, acting reasonably, to allow the maturity thereof to fall on a Canadian Business Day) payable in Canada.

Canadian BA means a depository ▇▇▇▇ as defined in the Depository Bills and Notes Act (Canada) in Canadian Dollars that is in the form of an order signed by the Canadian Borrower and accepted by a Revolving Lender pursuant to this Agreement or, for Revolving Lenders not participating in clearing services contemplated in that Act, a draft or ▇▇▇▇ of exchange in Canadian Dollars that is drawn by the Canadian Borrower and accepted by a Revolving Lender pursuant to this Agreement. Orders that become depository bills, drafts and bills of exchange are sometimes collectively referred to in this Agreement as “drafts.” Canadian BAs shall have a term of approximately 30, 60, 90 or 180 days (subject to availability), shall be issued and payable only in Canada and shall have a face amount of an integral multiple of C$100,000. In addition, to the extent the context shall require, each Acceptance Note shall be deemed to be a Canadian BA.

Examples of Canadian BA in a sentence

During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.
Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of ten Eurodollar Borrowings, EURIBOR Borrowings, HIBOR Borrowings, SIBOR Borrowings, Australian Bank ▇▇▇▇ Rate Borrowings or Canadian BA Rate Borrowings outstanding.
Except as otherwise provided herein, an Interest Election Request for conversion to, or continuation of, any Eurodollar Borrowing, EURIBOR Borrowing, HIBOR Borrowing, SIBOR Borrowing, Australian Bank ▇▇▇▇ Rate Borrowing or Canadian BA Rate Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
If no Interest Period is specified with respect to any requested Eurodollar Borrowing, EURIBOR Borrowing, HIBOR Borrowing, SIBOR Borrowing, Australian Bank ▇▇▇▇ Rate Borrowing or Canadian BA Rate Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Except as otherwise provided herein, a Borrowing Request for a Eurodollar Borrowing, a EURIBOR Borrowing, a HIBOR Borrowing, a SIBOR Borrowing, an Australian Bank ▇▇▇▇ Rate Borrowing or a Canadian BA Rate Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to make a borrowing in accordance therewith.

More Definitions of Canadian BA

Canadian BA means a ▇▇▇▇ of exchange drawn by the Canadian Borrower and accepted by a Canadian Lender that is denominated in Canadian Dollars with a term of 30, 60, 90 or 180 days, issued and payable only in Canada and having a face amount of an integral multiple of Cdn $100,000; PROVIDED, HOWEVER, that,

Canadian BA a depository ▇▇▇▇ as defined in the Depository Bills and Notes Act (Canada) in Canadian Dollars that is in the form of a draft drawn by a borrower and accepted by a Canadian lender.

Canadian BA means a non-interest bearing ▇▇▇▇ of exchange on the Administrative Agent’s usual form (or a ▇▇▇▇ of exchange within the meaning of the Bills of Exchange Act Canada), R.S.C. 1985, c. B-5, as amended, or a depository ▇▇▇▇ within the meaning of the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by or on behalf of PMCULC or a Designated Borrower, for a term selected by PMCULC or such Designated Borrower of either one, two or three months (as reduced or extended by the Administrative Agent, acting reasonably, to allow the maturity thereof to fall on a Business Day) payable in Canada, and accepted by a Lender in accordance with this Agreement.

Canadian BA means a depository bill as defined in the Depository Bills and Notes Act (Canada) in Ca▇▇▇▇an Dollars that is in the form of an order drawn by the Canadian Revolver Borrower and accepted by a Canadian Lender pursuant to this Agreement or, for Canadian Lenders not participating in clearing services contemplated in that Act, a draft or bill of exchange in Canadian Dollars that is drawn by the Canadian R▇▇▇▇ver Borrower and accepted by a Canadian Lender pursuant to this Agreement. Orders that become depositary bills, drafts and bills of exchange are sometimes collectively referred to in this Agreement as "drafts"; PROVIDED, HOWEVER, that,

Canadian BA means a depository ▇▇▇▇ as defined in the Depository Bills and Notes Act (Canada) in Canadian Dollars that is in the form of an order signed by the applicable Canadian Borrower and accepted by a Canadian Lender pursuant to this Agreement or, for Canadian Lenders not participating in clearing services contemplated in that Act, a draft or ▇▇▇▇ of exchange in Canadian Dollars that is drawn by the applicable Canadian Borrower and accepted by a Canadian Lender pursuant to this Agreement. Orders that become depository bills, drafts and bills of exchange are sometimes collectively referred to in this Agreement as “drafts.” Canadian BAs shall have a term contemplated by the definition of Interest Period, shall be issued and payable only in Canada and shall have a face amount of an integral multiple of Cdn$100,000. In addition, to the extent the context shall require, each Acceptance Note shall be deemed to be a Canadian BA.

Canadian BA means a depository ▇▇▇▇ as defined in the Depository Bills and Notes Act (Canada) in Canadian Dollars that is in the form of an order signed by a Canadian Borrower and accepted by a Canadian Facility Lender pursuant to this Agreement or, for Canadian Facility Lenders not participating in clearing services contemplated in that Act, a draft or ▇▇▇▇ of exchange in Canadian Dollars that is drawn by a Canadian Borrower and accepted by a Canadian Facility Lender pursuant to this Agreement. Orders that become depository bills, drafts and bills of exchange are sometimes collectively referred to in this Agreement as “drafts.” Canadian BAs shall have a term of approximately 30, 60, 90 or 180 days, shall be issued and payable only in Canada and shall have a face amount of an integral multiple of C$100,000. In addition, to the extent the context shall require, each Acceptance Note shall be deemed to be a Canadian BA.

Canadian BA when used in reference to any Loan or ----------- Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the BA Rate.