Canadian BA Borrowing definition

Canadian BA Borrowing means Canadian Bankers' Acceptances and Canadian BA Equivalent Notes accepted or purchased by the Canadian Lenders in amounts substantially equivalent (subject to subsection 2.7.2(b)) to their respective Canadian Pro Rata Shares on the same day and for the same term.
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Canadian BA Borrowing means the creation and discounting of Acceptances by the Alternative Currency Lender in accordance with Section 2.5.
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Examples of Canadian BA Borrowing in a sentence

  • Each Notice of Borrowing, Notice of Canadian BA Borrowing, notice of acceptance of an L/C Application and L/C Amendment Application submitted by a Borrower hereunder shall constitute a representation and warranty by such Borrower that, as of the date of each such notice and as of the relevant Borrowing Date or Issuance Date, as applicable, the conditions in this Section 5.2 are satisfied.

  • Any Alternative Currency Loan or any portion thereof as to which the Domestic Borrower, on behalf of itself or the Canadian Borrower as applicable, has not duly specified an interest rate as provided herein (or requested a Canadian BA Borrowing pursuant to Section 2.5) shall be deemed a Canadian Base Rate Loan.

  • Each Canadian Lender is hereby authorized (in accordance with a Notice of Canadian BA Borrowing) to issue such Canadian Bankers' Acceptances or Canadian BA Equivalent Notes, as appropriate, endorsed in blank in such face amounts as may be determined by such Canadian Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Canadian Bankers' Acceptance or Canadian BA Equivalent Notes required to be accepted or purchased by such Canadian Lender.

  • Unless the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, requests a new Canadian BA Borrowing in accordance with the procedures set forth below, the Alternative Currency Lender shall automatically and without request by the Domestic Borrower or the Canadian Borrower, as applicable, make a Canadian Base Rate Loan on the last day of the relevant Canadian Interest Period in an amount sufficient to pay in full all Acceptances maturing on such day.

  • The Loans comprising each Canadian Prime Rate Borrowing or Canadian B/A Borrowing shall be in an aggregate principal amount which is an integral multiple of C$1,000,000 and not less than C$5,000,000 (or an aggregate principal amount equal to the remaining balance of the Canadian Revolving Credit Commitments); PROVIDED that the aggregate amount of any Loans comprising a Canadian B/A Borrowing shall be subject to a minimum principal amount of C$5,000,000 and shall be an integral multiple of C$1,000,000.

  • Not later than 12:00 noon (the time of the Administrative Agent’s Correspondent) on the Canadian Business Day on which any Canadian BA Borrowing is to be made, the Alternative Currency Lender shall (i) complete one or more Drafts dated as of such date, in an aggregate amount of the requested Canadian BA Borrowing, (ii) stamp such Drafts as accepted by the Alternative Currency Lender and (iii) provide for the discounting of such Acceptances in accordance with this Section 2.5.

  • Each Canadian Lender is hereby authorized (in accordance with a Notice of Canadian BA Borrowing) to issue such Canadian Bankers’ Acceptances or Canadian BA Equivalent Notes, as appropriate, endorsed in blank in such face amounts as may be determined by such Canadian Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Canadian Bankers’ Acceptance or Canadian BA Equivalent Notes required to be accepted or purchased by such Canadian Lender.

  • Not later than 12:00 noon (the time of the Administrative Agent's Correspondent) on the Canadian Business Day on which any Canadian BA Borrowing is to be made, the Alternative Currency Lender shall (i) complete one or more Drafts dated as of such date, in an aggregate amount of the requested Canadian BA Borrowing, (ii) stamp such Drafts as accepted by the Alternative Currency Lender and (iii) provide for the discounting of such Acceptances in accordance with this Section 2.5.

  • The Loans comprising each Canadian Prime Rate Borrowing or Canadian B/A Borrowing shall be in an aggregate principal amount which is an integral multiple of C$1,000,000 and not less than C$5,000,000 (or an aggregate principal amount equal to the remaining balance of the Canadian Revolving Credit Commitments); provided that the aggregate amount of any Loans comprising a Canadian B/A Borrowing shall be subject to a minimum principal amount of C$5,000,000 and shall be an integral multiple of C$1,000,000.

Related to Canadian BA Borrowing

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).