Canadian BA Discount Proceeds definition

Canadian BA Discount Proceeds means, in respect of any Canadian Banker’s Acceptance, an amount (rounded to the nearest full cent, with one half of one cent being rounded up) calculated on the applicable funding date equal to the face amount of such Canadian Banker’s Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (a) the Canadian BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (b) a fraction, the numerator of which is the term of such Canadian Banker’s Acceptance and the denominator of which is 365, rounded to the nearest multiple of 0.001%.
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Canadian BA Discount Proceeds means, with respect to any Canadian Bankers' Acceptance or Canadian BA Equivalent Note, an amount calculated on the applicable Borrowing Date which is (rounded to the nearest full cent) equal to the face amount of such Canadian Bankers' Acceptance or Canadian BA Equivalent Note divided by the sum of one plus the product of (i) the Canadian BA Discount Rate applicable thereto multiplied by (ii) a fraction, the numerator of which is the term of such Canadian Bankers' Acceptance or Canadian BA Equivalent Note and the denominator of which is 365.
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Canadian BA Discount Proceeds means, with respect to any Canadian Bankers’ Acceptance or Canadian BA Equivalent Note, an amount calculated on the applicable Canadian BA Credit Extension Date that is (rounded to the nearest full cent) equal to the face amount of such Canadian Bankers’ Acceptance or Canadian BA Equivalent Note divided by the sum of one plus the product of (i) the Canadian BA Discount Rate applicable thereto multiplied by (ii) a fraction, the numerator of which is the term of such Canadian Bankers’ Acceptance or Canadian BA Equivalent Note and the denominator of which is 365. Canadian BA Discount Rate means, on the date of any Canadian BA Credit Extension, (a) with respect to any Canadian Bankers’ Acceptance accepted or any Canadian BA Equivalent Note purchased by a Canadian Lender that is a bank named in Schedule I to the Bank Act (Canada), the rate determined by the Canadian Agent as being the arithmetic average (rounded upward, if necessary, to the nearest integral multiple of 0.01%) of the discount rates (calculated on the basis of a year of 365 days) that appear on the Reuters Screen CDOR page at or about 10:00 a.m. (Toronto time) on such date for banker’s acceptances having an identical maturity to the maturity of such Canadian BA Credit Extension; and (b) with respect to any Canadian Bankers’ Acceptance accepted or any Canadian BA Equivalent Note purchased by a Canadian Lender that is not named on Schedule I to the Bank Act (Canada), the lesser of (i) the rate determined pursuant to clause (a) above plus 0.10% per annum and (ii) the average Discount Rate applicable to such Canadian BA Credit Extension as quoted by the Schedule II or III Reference
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Examples of Canadian BA Discount Proceeds in a sentence

  • Each Canadian BA Lender shall purchase from the Canadian Borrower on the applicable Borrowing Date the Canadian Bankers' Acceptances accepted by it, for an aggregate price equal to the Canadian BA Discount Proceeds of such Canadian Bankers' Acceptances.

  • Each Canadian BA Lender shall purchase from the Canadian Borrower on the applicable Canadian BA Credit Extension Date the Canadian Bankers’ Acceptances accepted by it, for an aggregate price equal to the Canadian BA Discount Proceeds of such Canadian Bankers’ Acceptances.

  • Each Canadian BA Lender shall purchase from the Canadian Borrower on the applicable Borrowing Date the Canadian Bankers’ Acceptances accepted by it, for an aggregate price equal to the Canadian BA Discount Proceeds of such Canadian Bankers’ Acceptances.

Related to Canadian BA Discount Proceeds

  • 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.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • 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.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

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

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

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

  • Bankers’ Acceptance means a time draft or xxxx of exchange or other deferred payment obligation relating to a Commercial Letter of Credit which has been accepted by the L/C Issuer.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Canadian Lenders means the financial institutions listed on the signature pages of the Canadian Credit Agreement and their respective successors and assigns.

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.