Notional BA Proceeds definition

Notional BA Proceeds means, with respect to a Bankers’ Acceptance Advance, the aggregate Face Amount of the Bankers’ Acceptance or face amount of an Acceptance Note comprising such Bankers’ Acceptance Advance, if applicable, less the aggregate of:

Notional BA Proceeds means, with respect to a Bankers’ Acceptance Advance, the aggregate Face Amount of the Bankers’ Acceptances or principal amount of the Acceptance Notes comprising such Bankers’ Acceptance Advance, if applicable, less the aggregate of:

Notional BA Proceeds means, relative to a particular Canadian Loan by way of Canadian BAs, the aggregate face amount of such Canadian BAs less the aggregate of:

Examples of Notional BA Proceeds in a sentence

• The Administrative Agent shall, upon fulfilment by such Borrower of the conditions set out in Section 6.2 or Section 6.3, as applicable, make such Notional BA Proceeds available to such Borrower on the date of such Advance by crediting the Designated Account of such Borrower.

• Each such Canadian Lender hereby agrees to purchase Acceptance Notes from such Borrower at a purchase price equal to the Notional BA Proceeds which would have been applicable if a Bankers’ Acceptance draft had been accepted by it and such Acceptance Notes shall be governed by the provisions of this Article 4 as if they were Bankers’ Acceptances.

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• Such acceptance fees shall be paid by the Borrower whose draft has been accepted by the Administrative Agent deducting the amount thereof on behalf of the Lenders from what would otherwise be Notional BA Proceeds funded pursuant to Section 4.1.

• Such acceptance fees shall be paid by the Borrower whose draft has been accepted by the Administrative Agent deducting the amount thereof on behalf of the Canadian Lenders from what would otherwise be Notional BA Proceeds funded pursuant to Section 4.1.

• Each such Lender hereby agrees to purchase Acceptance Notes from such Borrower at a purchase price equal to the Notional BA Proceeds which would have been applicable if a Bankers' Acceptance draft had been accepted by it and such Acceptance Notes shall be governed by the provisions of this Article 4 as if they were Bankers' Acceptances.

• Concurrently with the acceptance of drafts of such Borrower as aforesaid, each Canadian Lender shall make available to the Administrative Agent its Main Facility Rateable Portion of the Notional BA Proceeds with respect to such Advance.

More Definitions of Notional BA Proceeds

Notional BA Proceeds means, relative to a Canadian BA, an amount (rounded to the nearest whole cent, and with one-half of one cent being rounded up) calculated by the Canadian Administrative Agent by multiplying:

Notional BA Proceeds means, relative to a particular Canadian Borrowing of Canadian BAs, the aggregate face amount of such Canadian BAs less the aggregate of:

Notional BA Proceeds means, with respect to any Canadian BA, the face amount of such Canadian BA less the aggregate of:

Notional BA Proceeds means, relative to a particular Canadian BA Rate Loan, the face amount of such Canadian BAs multiplied by the price (which product shall be rounded to the nearest full cent, with one-half cent being rounded upward), where the price is calculated by dividing one by the sum of one plus the product of (i) the Canadian BA Rate applicable thereto expressed as a decimal fraction, multiplied by (ii) a fraction, the numerator of which is the term of such Canadian BAs in days and the denominator of which is 365 (which price will be rounded to the nearest 0.001%); less, the per annum Canadian BA Stamping Fee multiplied by the face amount of the applicable Canadian BAs, and multiplying the result by a fraction, the numerator of which is the actual number of days in the period commencing on the date of acceptance of such Canadian BAs and continuing to (but excluding) the maturity date of such Canadian BAs, and the denominator of which is 365 (such fee to be non-refundable and fully earned upon acceptance of such Canadian BAs).

Notional BA Proceeds means, relative to a particular BA Equivalent Rate Loan, the aggregate face amount of such BA Equivalent Rate Loan less a discount from the aggregate face amount of such BA Equivalent Rate Loan calculated in accordance with normal market practice based on: