BA Advance definition

BA Advance means an Advance in Canadian Dollars which the Borrower has elected to borrow by way of Bankers’ Acceptances;
BA Advance means at any time the part of the Advances under the Revolving Facility which the Borrower has chosen to borrow by Bankers’ Acceptances, calculated based on the face amount of such Bankers’ Acceptances.
BA Advance means a B/A accepted and purchased by a Canadian Facility Lender pursuant to Section 2.18 or a B/A Equivalent Advance made by a Canadian Facility Lender pursuant to Section 2.18. For greater certainty, all provisions of this Agreement that are applicable to Bankers’ Acceptances are also applicable, mutatis mutandis, to B/A Equivalent Advances.

Examples of BA Advance in a sentence

  • Each Lender shall advance its Applicable Percentage of each BA Advance by way of Bankers’ Acceptances in accordance with the provisions in this Section 5.14.


More Definitions of BA Advance

BA Advance means any Advance by way of the acceptance of any Draft drawn by the Borrower on, and the purchase of the resulting Bankers' Acceptance by, the Lender;
BA Advance means (i) in the case of the BA Lenders, the acceptance of a Draft or the purchase of a Bankers’ Acceptance by a Canadian Lender for the account of the Canadian Borrower and (ii) in the case of the Non-BA Lenders, the making of BA Equivalent Notes by a Canadian Lender to the Canadian Borrower.
BA Advance means the portion of an Advance effected by an acceptance by a Lender of a Bankers' Acceptance.
BA Advance means at any time the part of the Advances under the Revolving Facility or the Term Facility which the Borrower has chosen to borrow by Bankers’ Acceptances, calculated based on the face amount of such Bankers’ Acceptances.
BA Advance means an advance made pursuant to a Bankers' Acceptance ---------- issued by the Borrower and accepted by a Bank pursuant to this Agreement.
BA Advance means a Bankers’ Acceptance or a BA Equivalent Rate Loan.
BA Advance means the acceptance of a Draft or the purchase of a Bankers’ Acceptance or Acceptance Note by a Lender for the account of Lafarge Canada.