BA Equivalent Drawing definition

BA Equivalent Drawing means, in relation to a Bankers’ Acceptance Drawing, a Drawing in Canadian Dollars made by a Non-Acceptance Lender as part of such Bankers’ Acceptance Drawing in accordance with Section 5.7.
Sample 1

Examples of BA Equivalent Drawing in a sentence

  • Possibilities are discussed for continuing education in similar or close major at a university after completion of training at the integrated professional college.

  • Concurrent with the making of a BA Equivalent Drawing, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Stamping Fee which, but for this Section 5.7, such Lender would otherwise be entitled to receive as part of such Bankers' Acceptance Drawing.

  • Notwithstanding the foregoing provisions of this Part 5, a Non-Acceptance Lender shall, in lieu of accepting Bankers' Acceptances, provide a BA Equivalent Drawing.

  • The amount of each BA Equivalent Drawing shall be equal to the BA Discount Proceeds which would be realized from a hypothetical sale of those Bankers' Acceptances which, but for this Section 5.7, such Lender would otherwise be required to accept as part of such Bankers' Acceptance Drawing.

  • Notwithstanding the foregoing provisions of this Part 5, a Non-Acceptance Lender shall, in lieu of accepting Bankers’ Acceptances, provide a BA Equivalent Drawing.

  • The amount of each BA Equivalent Drawing shall be equal to the BA Discount Proceeds which would be realized from a hypothetical sale of those Bankers’ Acceptances which, but for this Section 5.7, such Lender would otherwise be required to accept as part of such Bankers’ Acceptance Drawing.

  • To determine the amount of such BA Discount Proceeds, the hypothetical sale shall be deemed to take place at a BA Discount Rate equal to the rate paid by Schedule II Lenders and Schedule III Lenders set out in Section 5.6. Any BA Equivalent Drawing shall be made on the relevant Drawing Date, Rollover Date or Conversion Date as the case may be and shall remain outstanding for the term of the relevant Bankers’ Acceptance Drawing.

  • Concurrent with the making of a BA Equivalent Drawing, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Stamping Fee which, but for this Section 5.7, such Lender would otherwise be entitled to receive as part of such Bankers’ Acceptance Drawing.

Related to BA Equivalent Drawing

  • 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.

  • 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.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

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

  • Alternative Currency Daily Rate Loan means a 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.

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

  • 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.

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

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

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

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

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

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

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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;

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

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

  • Canadian Dollar means the lawful currency of Canada.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.