Examples of BA Contract Period in a sentence
If a Canadian Borrower fails to make such payment, such maturing BA Borrowings shall be deemed to have been converted on the last day of the BA Contract Period into a Canadian Prime Loan in an amount equal to the aggregate amount of such BA Borrowings.
It has become a geo-economic competition, not a geo- military competition.
The Canadian Borrower shall indemnify the Administrative Agent for any losses relating to the investments so that the amount available to prepay amounts due in respect of BAs on the last day of the applicable BA Contract Period is not less than the amount that would have been available had no investments been made pursuant thereto.
Promptly following receipt of Bankers' Acceptance Requests, the Canadian Administrative Agent shall so advise the Canadian Revolving Lenders, and shall advise each Canadian Revolving Lender of the undiscounted face amount and BA Contract Period of each Draft to be accepted by it.
Such Bankers' Acceptance Request shall specify: (i) the proposed issuance date of the related Bankers' Acceptances (which shall be a Business Day); (ii) the amount of such borrowing (in Canadian Dollars); (iii) the proposed BA Contract Period to be applicable thereto; and (iv) if such borrowing relates to conversion/continuation of a Loan or previously issued Banker's Acceptance, the relevant Notice of Extension/Conversion.
The Loans comprising each BA Borrowing shall bear interest (computed in advance on the basis of the actual number of days in the relevant BA Contract Period over a year of 365 days or 366 days, as the case may be) at a rate per annum equal to the BA Rate plus the Applicable Margin from time to time in effect.
The Parent Borrower shall pay to each Canadian Revolving Lender for its own account a fee (the "BA ACCEPTANCE FEE") on the face amount of each Bankers' Acceptance issued by the Parent Borrower and to be accepted by such Canadian Revolving Lender computed at a per annum rate for each day during the BA Contract Period of such Bankers' Acceptance equal to the Applicable Margin for BA Acceptance Fees in effect on the date of issuance of such Bankers' Acceptance.