BA Equivalent Note definition

BA Equivalent Note has the meaning specified in Section 2.15(i).

BA Equivalent Note means a promissory note payable by the Borrower to a Non-BA Lender in the form of Exhibit "G" attached hereto.

BA Equivalent Note has the meaning specified in Section 4.03(3).

Examples of BA Equivalent Note in a sentence

• Any such payment shall satisfy TCCI’s obligations under the Bankers’ Acceptance, Draft or BA Equivalent Note to which it relates and the relevant Lender shall thereafter be solely responsible for the payment of such Bankers’ Acceptances, Drafts or BA Equivalent Notes.

• During the existence of an Event of Default with respect to TCCI, no Drawing may be requested, nor may any Bankers' Acceptance, Draft or BA Equivalent Note be renewed or continued by TCCI, without the consent of the applicable Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Bankers' Acceptances, Drafts and BA Equivalent Notes be prepaid by TCCI on the last day of the then current BA Maturity Date with respect thereto.

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• In determining a Lender’s Proportionate Share of a request for Bankers’ Acceptances, the Agent, in its sole discretion, will be entitled to increase or decrease the face amount of any Draft, or BA Equivalent Note to the nearest $1,000.

• Each Non BA Lender, in lieu of accepting Drafts or purchasing Bankers’ Acceptances on any Drawdown Date, will complete and purchase from the Canadian Borrower on such Drawdown Date a BA Equivalent Note in a face amount and for a term identical to the face amount and term of the Draft or Drafts which such Non BA Lender would have been required to accept on such Drawdown Date if it were a BA Lender, for a price equal to the BA Discount Proceeds of such BA Equivalent Note.

More Definitions of BA Equivalent Note

BA Equivalent Note has the meaning set forth in Section 5.1(a);

BA Equivalent Note means a promissory note executed and delivered by the Canadian Borrower to a Canadian Lender in substantially the form of Exhibit C to this Annex A.

BA Equivalent Note has the meaning specified in Section 2.24(c)(iii).

BA Equivalent Note means a non-interest bearing promissory note (including a depository note, as such expression is defined in the Depository Bills and Notes Act (Canada)), issued by the Cdn Borrower to a Non-BA Lender and which is discounted by such Non-BA Lender in accordance with the provisions of Section 4.11;

BA Equivalent Note has the meaning specified in Section 2.06(a).

BA Equivalent Note means a non-interest-bearing promissory note of each Canadian Borrower in favor of a Non-Acceptance Bank in the principal amount of a loan made by such Bank pursuant to Section 1.10 of Schedule 1.16 hereof, having the same maturity date as the Acceptances issued contemporaneously therewith, stating that it is given pursuant to, and is subject to, the terms of this Agreement and otherwise being in form and substance satisfactory to the Non-Acceptance Bank acting reasonably.

BA Equivalent Note means a promissory note executed by the Canadian Borrowers to evidence the BA Equivalent Loan made by a Canadian Lender, substantially in the form of Exhibit A-4 hereto.