BA Reference Rate definition

BA Reference Rate means, as applicable to any Bankers' Acceptance being purchased by the Lender on any day, the per annum percentage discount rate (expressed to two decimal places and rounded upward, if necessary, to the nearest 1/100th of 1%), quoted by the Lender as that at which the Lender would, in accordance with its normal practice, on such day be prepared to purchase its own bankers' acceptances in an amount and having a maturity date comparable to the amount and maturity date of such Bankers' Acceptance;
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BA Reference Rate means (i) for each Lender that is a Schedule I Canadian chartered bank, the CDOR BA Rate and (ii) for each Lender that is not a Schedule I Canadian chartered bank, the CDOR BA Rate plus one-tenth percent (0.10%) per annum;
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BA Reference Rate for any Term of any Borrowing by way of Acceptances means (i) for each Canadian Lender that is a Schedule I Canadian chartered bank and not a Non-Acceptance Lender, CDOR for that Term and (ii) for each Canadian Lender that is not a Schedule I Canadian chartered bank, or is a Non-Acceptance Lender, (A) CDOR plus seven-tenths of one percent (0.07%) per annum or, if such Lender provides such quotations and it is less than the rate determined pursuant to clause (A), (B) the interbank bid rate (rounded up, if necessary, to be expressed to three (3) decimal places) quoted by such Canadian Lender as being the rate at which that Canadian Lender was receiving bids (which it was prepared to accept) to sell bankers’ acceptances of the specified maturity issued by that Canadian Lender in the relevant Canadian money markets as of 10:00 a.m. on such day or the preceding Business Day if that day is not a Business Day.
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Examples of BA Reference Rate in a sentence

  • The rates of interest per annum payable on or in respect of Canadian Prime Rate, US Base Rate Loans (except where it is determined with reference to the Federal Funds Rate), US Prime Rate Loans (except where it is determined with reference to the Federal Funds Rate), CDOR and the BA Reference Rate and the Standby Fees and Standby Instrument Fees payable under the Canadian Facilities, are expressed on the basis of a 365 day year.

  • The applicable Prime Rate or BA Reference Rate shall be determined by the Agent, and such determination shall be conclusive absent manifest error.

  • Subject to Sections 5.10 and 5.11, each Lender shall accept Drafts and purchase and take delivery of its Rateable Share of each issue of Acceptances for its own account on the Borrowing Date of such Acceptances at the purchase price equal to the face amount of such Acceptances less an amount equal to the amount that yields to such Lender (excluding the Stamping Fee) an interest rate per annum equal to such Lender's BA Reference Rate for the applicable Term of such Acceptances.

  • The Acceptance Proceeds for any Acceptances purchased by a Canadian Lender shall be determined in accordance with the following formula: Acceptance Proceeds = Face amount of Acceptances x ( 1 ) 1 + (BA Reference Rate x n/365) Where n is the number of days to elapse in the Term of the Acceptances and BA Reference Rate is expressed as a decimal.

  • Each Lender shall be entitled to deduct from the Acceptance Proceeds derived from the purchase by it of Acceptances, the Stamping Fee payable to it pursuant to and as determined in accordance with Section 4.7. The Acceptance Proceeds for any Acceptances purchased by a Lender shall be determined in accordance with the following formula: Acceptance Proceeds = Face amount of Acceptance X 1 Where n is the number of days to elapse in the Term of the Acceptances and BA Reference Rate is expressed as a decimal.

  • Each Commitment Fee, CDOR and BA Reference Rate are expressed on the basis of a 365 day year.


More Definitions of BA Reference Rate

BA Reference Rate means (a) for each Lender that is a Schedule I Canadian chartered bank, CDOR and (b) for each Lender that is not a Schedule I Canadian chartered bank, and is (i) a Non-Acceptance Lender, CDOR plus one-tenth of one percent (0.10%) per annum or (ii) not a Non-Acceptance Lender, the lesser of (A) CDOR plus one-tenth of one percent (0.10%) per annum and (B) the interbank bid rate (rounded up, if necessary to be expressed to two (2) decimal places, to the nearest 1/100th of 1%) quoted by such Lender as being the rate at which that Lender was receiving bids (which it was prepared to accept) to sell bankers’ acceptances of the specified maturity issued by that Lender in the relevant Canadian money markets as of 10:00 a.m. (Toronto time) on such day;
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BA Reference Rate means for any Interest Period the average bankers' acceptance discount rate as quoted on the CDOR page of Reut▇▇ ▇▇▇ey Monitor Rates Service (or such other page as may, from time to time, replace such page on the service for the purpose of displaying quotations for bankers' acceptances accepted by leading Canadian financial institutions) at approximately 10:00 a.m. (Toronto time) on the first day of such Interest Period for bankers' acceptances having three month terms [NOTE: CISCO MAY PREFER TO REFER TO TELERATE IF QUOTE AVAILABLE THERE].
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Related to BA Reference Rate

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Term ▇▇▇▇▇ Reference Rate means the forward-looking term rate based on ▇▇▇▇▇.

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • SOFR Reference Rate means, in respect of any U.S. Government Securities Business Day, a reference rate equal to the daily secured overnight financing rate (“SOFR”) for such U.S. Government Securities Business Day as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) on the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website of the Federal Reserve Bank of New York or successor administrator (on or about 8:00 a.m., New York City time, on the U.S. Government Securities Business Day immediately following such U.S. Government Securities Business Day).

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: