BADR definition
BADR means a per annum rate of interest established by Bank of America as its “bankers’ acceptance discount rate”.
BADR means “business asset disposal relief” under Chapter 3 Part V TCGA;
BADR means a per annum rate of interest established by Bank of America as its “bankers’ acceptance discount rate”. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. “Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). “Bank of America” means Bank of America, N.A. and its successors. “Bankers’ Acceptance” or “BA” means a Clean BA or an L/C Issued BA. “Bankers’ Acceptance Obligations” means the total amount of all Bankers’ Acceptances from time to time outstanding and all obligations of the Loan Parties to reimburse Bank of America (by payment to the Administrative Agent) for its acceptance of any drafts drawn under any Bankers’ Acceptance. “Bankers’ Acceptance Rate” means the applicable BADR plus the Applicable Rate for Loans that are Eurocurrency Rate Loans. “Bankers’ Acceptance Request” means a written request for the issuance of Clean BAs in form and detail reasonably acceptable to the Administrative Agent. “BAS” mean BofA Securities, Inc. and its successor, in its capacity as an Arranger and sole bookrunner. “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurocurrency Rate (determined in accordance with clause (b) of the definition thereof) plus 1.00%; and if Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is ...
Examples of BADR in a sentence
The Bankers' Acceptances shall be discounted by Bank at the applicable BADR.
Aerospace Holding Company LLC By: /s/ BADR AL-OLAMA Name: BADR AL-OLAMA Title: EXECUTIVE DIRECTER IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement as of the date first above written.