Canadian BA Equivalent Loan definition

Canadian BA Equivalent Loan has the meaning specified in Section 4(d) of Schedule 2.01A.
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Canadian BA Equivalent Loan means an advance provided hereunder by a Non-BA Bank pursuant to Section 2A.2(b) in lieu of accepting a Canadian Bankers’ Acceptance.
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Canadian BA Equivalent Loan see Schedule 2.4.
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Examples of Canadian BA Equivalent Loan in a sentence

  • Each Non BA Lender also shall be entitled to deduct from each Canadian BA Equivalent Loan an amount equal to the Canadian BA Fee that would have been applicable had it been able to accept Canadian BA’s.

  • Concurrent with the making of a Canadian BA Equivalent Loan, each Non-BA Bank shall be entitled to deduct therefrom an amount equal to the applicable fee pursuant to Section 2A.3(b) which, but for this Section 2A.2(b), such Non-BA Bank would otherwise be entitled to receive in connection with its acceptance of Canadian Bankers’ Acceptances.

  • The amount of each Canadian BA Equivalent Loan shall be equal to the Canadian Discount Proceeds (with reference to the applicable Canadian BA Discount Rate applicable to such Non-BA Bank) which would be realized from a hypothetical sale of those Canadian Bankers’ Acceptances which, but for this subsection, would have been sold to such Non-BA Bank.

  • Any Canadian BA Equivalent Loan shall be made on the relevant date of any Borrowing by way of Canadian Bankers’ Acceptances, and shall remain outstanding for the term of the corresponding Canadian Bankers’ Acceptance.

  • Each Canadian BA Equivalent Loan made pursuant to this subsection shall be deemed to be a Canadian Bankers’ Acceptance accepted and purchased by such Non-BA Bank pursuant to the terms hereof, and except in this subsection, any reference to a Canadian Bankers’ Acceptance shall include such Canadian BA Equivalent Loan.

  • On the maturity date of the corresponding Canadian Bankers’ Acceptance, such Canadian BA Equivalent Loan shall be repaid in an amount equal to the face amount of a draft that would have been accepted by such Non-BA Bank if such Non-BA Bank had accepted and purchased a Canadian Bankers’ Acceptance hereunder.

  • Each Canadian BA Equivalent Loan shall have a term equal to the term of the Canadian BA’s that the Non BA Lender would otherwise have accepted and PMCULC shall, at the end of that term, be obligated to pay the Non BA Lender an amount equal to the aggregate face amount of the Canadian BA’s that it would otherwise have accepted.

  • Each Canadian BA Equivalent Loan shall have a term equal to the term of the Canadian BA’s that the Non BA Lender would otherwise have accepted and PMCULC or the Designated Borrower requesting such Borrowing shall, at the end of that term, be obligated to pay the Non BA Lender an amount equal to the aggregate face amount of the Canadian BA’s that it would otherwise have accepted.

  • Each Non BA Lender also shall be entitled to deduct from each Canadian BA Equivalent Loan an amount equal to the Canadian Banker’s Acceptance Fee that would have been applicable had it been able to accept Canadian Banker’s Acceptances.

  • Each Canadian BA Equivalent Loan shall have a term equal to the term of the Canadian Banker’s Acceptances that the Non BA Lender would otherwise have accepted and Pentair Canada shall, at the end of that term, be obligated to pay the Non BA Lender an amount equal to the aggregate face amount of the Canadian Banker’s Acceptances that it would otherwise have accepted.


More Definitions of Canadian BA Equivalent Loan

Canadian BA Equivalent Loan has the meaning specified in Schedule 2.05.
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Related to Canadian BA Equivalent Loan

  • BA Equivalent Loan any Loan in Canadian Dollars bearing interest at a rate determined by reference to the BA Rate in accordance with the provisions of Section 2.

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

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

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

  • 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.

  • 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.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • 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.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

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

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Canadian Dollar means the lawful currency of Canada.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

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

  • 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;

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Dollar Loan means a Loan denominated in Dollars.

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

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.