BA Lender definition

BA Lender means a Lender identified in Exhibit "A" attached hereto as a Lender which will accept Bankers' Acceptances hereunder.

BA Lender means any Lender which is a bank chartered under the Bank Act (Canada) and which has not notified the Agent that it is unwilling or unable to accept Drafts as provided in Section 9.2.

BA Lender means any Lender which has not notified the Agent in writing that it is unwilling or unable to accept Drafts as provided for in Article 5.

Examples of BA Lender in a sentence

• The Agent shall also maintain records of the Obligations of the Borrower resulting from Advances under the Syndicated Facility by way of Bankers' Acceptances, and each BA Lender shall also maintain records relating to Bankers' Acceptances that it has accepted.

• The Borrower hereby indemnifies and holds each BA Lender harmless from any loss or expense with respect to any Bankers' Acceptance dealt with by the Lenders, or any of them, in accordance with the provisions hereof, but shall not be obliged to indemnify a Lender for any loss or expense caused by the gross negligence or wilful misconduct of that Lender or if that Lender breaches the provisions of Section 7.14.

• The Borrower hereby agrees that each Bankers' Acceptance completed and issued and accepted in accordance with this Section by a BA Lender on behalf of the Borrower is a valid, binding and negotiable instrument of the Borrower as drawer and endorser.

• The Canadian Borrower shall provide each BA Lender with a series of blank drafts to be used in accordance with Section 8.5. Any drafts to be used for Bankers’ Acceptances shall be held by the applicable BA Lender in safekeeping with the same degree of care as if they were such BA Lender’s own property.

• Each BA Lender or Non-BA Lender may from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ Acceptances or BA Equivalent Notes accepted and purchased by it.

More Definitions of BA Lender

BA Lender means any Canadian Lender that is a bank chartered under the Bank Act (Canada) or that is an authorized foreign bank thereunder and which stamps and accepts bankers’ acceptances.

BA Lender means any Canadian Lender other than the Acceptance Lenders.

BA Lender means a Lender which is a bank that accepts bankers’ acceptances issued in Canada;

BA Lender means any Lender which has not notified the Agent in writing that it is unwilling or unable to accept Drafts as provided for in Article 6.

BA Lender has the meaning specified in Section 2.05(a).

BA Lender means any Lender which is a bank named on Schedule I, Schedule II or Schedule III to the Bank Act (Canada) and which stamps and accepts Bankers' Acceptances.

BA Lender means any Lender that accepts and purchases Bankers’ Acceptances;