Bankers' Acceptance Drawing definition

Bankers' Acceptance Drawing means a Drawing of Canadian Dollars made available by way of Bankers' Acceptances or a BA Equivalent Drawing.
Sample 1

Examples of Bankers' Acceptance Drawing in a sentence

  • Neither the Administrative Agent nor any Lender shall be responsible or liable for its failure to make its share of any Bankers' Acceptance Drawing as required hereunder if the cause of such failure is, in whole or in part, due to the failure of the Borrower to provide such pre-signed Bankers' Acceptances to the Administrative Agent or such Lender on a timely basis.

  • 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.

  • 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.

  • If to make such repayment it is necessary to repay a Bankers' Acceptance Drawing or LIBOR Drawing, the Borrower shall not be required to repay such Bankers' Acceptance Drawing or LIBOR Drawing until the BA Maturity Date or end of the LIBOR Interest Period, as the case may be, provided that the Borrower has deposited with the Administrative Agent funds equal to such excess to be held in trust to be applied against payment of such excess.

  • Upon the BA Maturity Date for such Bankers' Acceptance Drawing, the Borrower shall pay to each Non-Acceptance Lender an amount equal to the face value of the Bankers' Acceptances which are the subject of the hypothetical sale referred to above.

Related to Bankers' Acceptance Drawing

  • 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.

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

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

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

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • 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.

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

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • 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.

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

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.