BA Discount Proceeds definition

BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

BA Discount Proceeds means proceeds in respect of any Bankers' Acceptance to be purchased on any day under Section 2.5(b), in an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by dividing:

BA Discount Proceeds means in respect of any Bankers’ Acceptance to be purchased by a Canadian Lender, or in respect of any BA Equivalent Loan to be made by a Canadian Lender, on any day under subsection 2.3, an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by dividing:

Examples of BA Discount Proceeds in a sentence

• To determine the amount of such BA Discount Proceeds, the hypothetical sale shall be deemed to take place at the BA Discount Rate for such Loan.

• The amount of each BA Equivalent Advance 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 5.9, such Lender would otherwise be required to accept as part of such a Drawdown, Conversion or Rollover of Bankers’ Acceptances.

• The amount of each BA Equivalent Advance 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, such Lender would otherwise be required to accept as part of such a Drawdown, Conversion or Rollover of Bankers’ Acceptances.

• For greater certainty, the net amount to be made available by each Non-BA Lender on any applicable Borrowing Date in respect of a BA Equivalent Loan made by it on such date shall be equal to the BA Discount Proceeds that such Non-BA Lender would have been required to make available to the Canadian Borrower had such Non-BA Lender been a Schedule I Lender that purchased Bankers’ Acceptances on such date.

More Definitions of BA Discount Proceeds

BA Discount Proceeds means, in respect of any Bankers’ Acceptance, the amount obtained by multiplying the face amount of such Bankers’ Acceptance by the amount (rounded up or down to the fifth decimal place with .000005 being rounded up) determined by dividing one by the sum of one plus the product of:

BA Discount Proceeds means, in respect of any Bankers’ Acceptance to be purchased by an Alternate Currency RL Lender on any date pursuant to Section 1.01 and Schedule III hereto, an amount rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up, calculated on such day by dividing:

BA Discount Proceeds means in respect of any Bankers' Acceptance being purchased by the Lender on any day an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by multiplying

BA Discount Proceeds in respect of any Bankers' Acceptance to be purchased by a C$ Bank on any day under Section 3.3, an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by dividing:

BA Discount Proceeds means, with respect to a particular Bankers’ Acceptance or BA Equivalent Note, the following amount: 1+D x T 365 where

BA Discount Proceeds means, with respect to a particular Banker’s Acceptance or BA Equivalent Note, the following amount: F 1+D x T 365 where F means the face amount of such Banker’s Acceptance or BA Equivalent Note; D means the applicable discount BA Rate for such Banker’s Acceptance or BA Equivalent Note; and T means the number of days to maturity of such Banker’s Acceptance or BA Equivalent Note, with the amount as so determined being rounded up or down to the fifth decimal place and .000005 being rounded up;

BA Discount Proceeds means, with respect to a particular Bankers’ Acceptance or BA Equivalent Note, the following amount: