CDOR BA Rate definition

CDOR BA Rate means (i) with respect to any Acceptance accepted by a Schedule I Bank, the yearly rate of interest determined by the Canadian Agent to be equivalent to the average of the yields applicable to banker’s acceptances denominated in Canadian Dollars for Schedule I Banks for any specified maturity quoted on the Reuters Screen CDOR page under “Canadian Interbank Bid BA Rates” on the day of determination (or on the preceding day, if such day is not a Business Day) and (ii) with respect to any Acceptance accepted by a Canadian Tranche Lender other than a Schedule I Bank, subject to section 2.04(j), the lesser of (A) such yearly rate of interest determined as set forth under clause (i) plus 0.10% per annum and (B) the arithmetic average (as determined by the Canadian Agent) of the percentage discount rates (expressed as a decimal and rounded upward, if necessary, to the nearest 1/100 of 1%) quoted to the Canadian Agent by such non-Schedule I Bank as the percentage discount rate at which such bank would, in accordance with its normal practices, at approximately 10:00 a.m., Toronto time, on such day, be prepared to purchase bankers’ acceptances accepted by such bank having a face amount and term comparable to the face amount and term of such Acceptance. For the purposes of such pricing, the Canadian Agent shall notify the Canadian Tranche Lenders of the CDOR BA Rate applicable to them as soon as is reasonably practicable.
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CDOR BA Rate means for such day, the yearly rate of interest equivalent to the arithmetical mean of the discount rates (expressed as an annual percentage, rounded upwards to the nearest fifth decimal point), charged by money market jobbers for non-interest bearing bills of exchange accepted by the Administrative Agent, having a maturity similar to that of the Bankers’ Acceptances with respect to which such rate is being determined and having a Face Amount which is closest to the aggregate Face Amount of Bankers’ Acceptances the Borrower has requested the Banks accept on such day.
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CDOR BA Rate means, for any Business Day, the annual rate of interest equivalent to the average of the yields (expressed as an annual percentage rounded upwards to the nearest fifth decimal point) quoted on the Reuters Money Market CDOR page as of 10:00 a.m., Toronto time, on such day for bankers’ acceptances denominated in Canadian Dollars, having a maturity similar to that of the Bankers’ Acceptances with respect to which such rate is being determined and, where different rates are shown for different amounts, for an amount which is closest to the aggregate Face Amount of Bankers’ Acceptances the Borrower has requested the Banks accept on such day. If for any such Business Day such rate does not appear on such CDOR Page, “CDOR BA Rate” shall mean for such day, the yearly rate of interest equivalent to the arithmetical mean of the discount rates (expressed as an annual percentage, rounded upwards to the nearest fifth decimal point), charged by money market jobbers for non-interest bearing bills of exchange accepted by the Administrative Agent, having a maturity similar to that of the Bankers’ Acceptances with respect to which such rate is being determined and having a Face Amount which is closest to the aggregate Face Amount of Bankers’ Acceptances the Borrower has requested the Banks accept on such day.
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Examples of CDOR BA Rate in a sentence

  • The Net Acceptance Proceeds for any Acceptances purchased by a Canadian Tranche Lender may be determined in accordance with the following formula: where n is the number of days to elapse in the term of the Acceptances, CDOR BA Rate is the applicable rate for such Acceptance and is expressed as a decimal and AR is the Applicable Rate with respect to the Stamping Fee.

  • Each Stamping Fee and CDOR BA Rate payable on or in respect of Acceptances is expressed on the basis of a 365 day year.


More Definitions of CDOR BA Rate

CDOR BA Rate means, for any Business Day, the discount rate (expressed as an annual percentage rounded upwards to the nearest fifth decimal point) quoted on the Reuters Money Market page as of 10:00 A.M. (Montréal time) on such day for bankers’ acceptances denominated in Canadian Dollars accepted by the Lender, having a maturity similar to that of the BAs with respect to which such rate is being determined and, where different rates are shown for different amounts, for an amount which is closest to the aggregate face amount of BAs the Borrower has requested the Lender accept on such day. If for any such Business Day such rate does not appear on such CDOR Page, “CDOR BA Rate” shall mean for such day, the arithmetical mean of the discount rates (expressed as an annual percentage, rounded upwards to the nearest fifth decimal point), charged by money market jobbers for non-interest bearing bills of exchange accepted by the Lender, having a maturity similar to that of the BAs with respect to which such rate is being determined and having a face amount which is closest to the aggregate face amount of BAs the Borrower has requested the Lender accept on such day;
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CDOR BA Rate means as it pertains to each Bankers' Acceptance issued ------------ by the Borrower and accepted by a Bank pursuant to this Agreement (a) with respect to any Bank that is a Schedule I Bank under the Bank Act (Canada) purchasing and accepting such Bankers' Acceptances on any Business Day, the average BA Rate as quoted on Reuters page CDOR at 10:00 a.m. (Toronto time) determined by the Agent to be in effect that day with respect to such Bankers' Acceptance (the "CDOR Rate"); or (b) with respect to any Bank which is a Schedule II Bank under the Bank Act (Canada) purchasing and accepting such Bankers' Acceptances on any Business Day, the lesser of (i) the CDOR Rate plus 0.05% per annum; (ii) the arithmetic average determined by the Agent of the respective discount rates expressed as an annual percentage rate of interest quoted to the Agent by two Schedule II Canadian banks (selected and agreed on by the Agent and the Borrower's Designee) as the rates applicable on that day by each such Schedule II Bank as being the rates at which they each would purchase Canadian Dollar denominated bankers acceptances on that day, having the same term as the Bankers' Acceptance being purchased and accepted, as of 10:00 a.m., ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, local time.
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CDOR BA Rate means (i) with respect to any Acceptance accepted by a Schedule I Bank, the yearly rate of interest determined by the Canadian Agent to be equivalent to the average of the yields applicable to banker’s acceptances denominated in Canadian Dollars for Schedule I Banks for any specified maturity quoted on the Reuters Screen CDOR page under “Canadian Interbank Bid BA Rates” on the day of determination (or on the preceding day, if such day is not a
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CDOR BA Rate means, for any Business Day, the discount rate (expressed as an annual percentage, rounded upwards to the nearest fifth decimal point) quoted on the Reuters Screen CDOR page as of 10:00 A.M. (Montréal time) on such day for bankers’ acceptances denominated in Canadian Dollars accepted by the Administrative Agent, having a maturity similar to that of the BAs with respect to which such rate is being determined and, where different rates are shown for different amounts, for an amount which is closest to the aggregate face amount of BAs the Cdn Borrower has requested the applicable Lenders accept on such day. If for any such Business Day such rate does not appear on such CDOR Page, “CDOR BA Rate” shall mean for such day, the arithmetical mean of the discount rates (expressed as an annual percentage, rounded upwards to the nearest fifth decimal point), charged by money market jobbers for non-interest bearing bills of exchange accepted by the Administrative Agent, having a maturity similar to that of the BAs with respect to which such rate is being determined and having a face amount which is closest to the aggregate face amount of BAs the Cdn Borrower has requested the applicable Lenders accept on such day;
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CDOR BA Rate means the yearly rate of interest determined by the Agent to be equivalent to the average of the discount rates (rounded up to two decimal places) applicable to banker's acceptances denominated in Canadian Dollars for any specified maturity quoted on the Reuters Money Market CDOR page on the day of determination (or on the preceding day, if such day is not a Banking Day). If the Agent is unable to determine such an average rate, the CDOR BA Rate will be determined by the Agent with reference to such rate or the average of such rates (rounded up to two decimal places) quoted by such financial reporting service or Reference Lender or Reference Lenders as the Agent may select;
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Related to CDOR BA Rate

  • BA Rate means, for the Interest Period of each BA Equivalent Loan, the rate of interest per annum equal to the annual rates applicable to CD$ bankers’ acceptances having an identical or comparable term as the proposed BA Equivalent Loan displayed and identified as such on the display referred to as the “CDOR Page” (or any display substituted therefor) of ▇▇▇▇▇▇ Monitor Money Rates Service as at approximately 10:00 A.M. (Toronto time) on such day (or, if such day is not a Business Day, as of 10:00 A.M. (Toronto time) on the immediately preceding Business Day), plus five (5) basis points; provided that if such rates do not appear on the CDOR Page at such time on such date, the rate for such date will be the annual discount rate (rounded upward to the nearest whole multiple of 1/100 of 1%) as of 10:00 A.M. on such day at which a Canadian chartered bank listed on Schedule 1 of the Bank Act (Canada) as selected by the Canadian Agent is then offering to purchase CD$ bankers’ acceptances accepted by it having such specified term (or a term as closely as possible comparable to such specified term), plus five (5) basis points.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.