BA Advance definition

BA Advance means an Advance in Canadian Dollars which the Borrower has elected to borrow by way of Bankers’ Acceptances;

BA Advance means at any time the part of the Advances under the Revolving Facility which the Borrower has chosen to borrow by Bankers’ Acceptances, calculated based on the face amount of such Bankers’ Acceptances.

BA Advance means a B/A accepted and purchased by a Canadian Facility Lender pursuant to Section 2.18 or a B/A Equivalent Advance made by a Canadian Facility Lender pursuant to Section 2.18. For greater certainty, all provisions of this Agreement that are applicable to Bankers’ Acceptances are also applicable, mutatis mutandis, to B/A Equivalent Advances.

Examples of BA Advance in a sentence

• For the avoidance of doubt, any outstanding BA Advance shall remain in effect following the CDOR Cessation Date until the stated maturity of the underlying Bankers’ Acceptance.

• Any resulting amount by which the requested face amount of any such Bankers’ Acceptance shall have been so reduced shall be advanced, converted or continued, as the case may be, as a Prime Rate Advance, to be made contemporaneously with the BA Advance.

• If the Borrower does not deliver to the Agent one or more of the notices contemplated by subsections 6.4.1 or 6.4.2 or does not give the notice and make the deposit contemplated by subsection 6.4.3, the Borrower shall be deemed to have requested that the part of the BA Advance then outstanding which is reaching maturity be converted into a Prime Rate Advance.​66.

• If the Borrower does not deliver to the Agent one or more of the notices contemplated by subsections 6.4.1 or 6.4.2 or does not give the notice and make the deposit contemplated by subsection 6.4.3, the Borrower shall be deemed to have requested that the part of the BA Advance then outstanding which is reaching maturity be converted into a Prime Rate Advance.

More Definitions of BA Advance

BA Advance means any Advance by way of the acceptance of any Draft drawn by the Borrower on, and the purchase of the resulting Bankers' Acceptance by, the Lender;

BA Advance means (i) in the case of the BA Lenders, the acceptance of a Draft or the purchase of a Bankers’ Acceptance by a Canadian Lender for the account of the Canadian Borrower and (ii) in the case of the Non-BA Lenders, the making of BA Equivalent Notes by a Canadian Lender to the Canadian Borrower.

BA Advance means any Advance by way of the acceptance of any Draft drawn by the Borrower on, and the purchase of the resulting Bankers’ Acceptance by, the Lender;

BA Advance means at any time the part of the Advances under the Revolving Facility or the Term Facility which the Borrower has chosen to borrow by Bankers’ Acceptances, calculated based on the face amount of such Bankers’ Acceptances.

BA Advance means a Bankers’ Acceptance or a BA Equivalent Rate Loan.

BA Advance means at any time the part of the Advances which a Canadian Borrower has chosen to borrow by Bankers' Acceptances, calculated based on the face amount of such Bankers' Acceptances;

BA Advance means the acceptance of a Draft or the purchase of a Bankers’ Acceptance by a Lender for the account of a Borrower.