BA Outstandings definition
BA Outstandings means, at any time, the sum of the Face Amount of all Bankers' Acceptances outstanding at such time.
BA Outstandings means at any time the sum of (a) the maximum aggregate amount which is, or at any time thereafter may become, payable by the Accepting Lender under all BAs which have been accepted plus (b) the aggregate amount of all payments made by the Accepting Lender under BAs and not previously reimbursed by the Company.
BA Outstandings means, on any date, the total of the Dollar Amounts of the Face Amount of all Bankers' Acceptances created by Lenders pursuant to SECTION 3.3 that have not been repaid by Borrowers, whether or not due and whether or not held by any Lender. For purposes of this definition, any Bankers' Acceptances that have been cash collateralized in full in a manner satisfactory to the Administrative Agent shall not be deemed to be outstanding.
Examples of BA Outstandings in a sentence
The Credit Parties agree that any Lender so purchasing such a participation may, to the fullest extent permitted by law, exercise all rights of payment, including setoff, banker's lien or counterclaim, with respect to such participation as fully as if such Lender were a holder of such Loan, LOC Obligations, BA Outstandings or other obligation in the amount of such participation.
Moneys in the Cash Collateral Account shall be applied by the Bank to reimburse the Bank for BA Outstandings for which it has not been reimbursed or, if the maturity of the Loans has been accelerated, applied to satisfy any other obligations of the Borrower under the Loan Documents.