BA Loan definition

BA Loan means a borrowing by the Borrower by way of the issuance of Bankers’ Acceptances and includes a BA Equivalent Loan.

BA Loan is defined in Section 2.23(h).

BA Loan means a Loan or any portion thereof bearing interest by reference to the BA Rate.

Examples of BA Loan in a sentence

• Interest on each Loan (other than a B/A Loan) shall be payable in arrears on each Interest Payment Date; provided, however, that interest accruing pursuant to Section 3.1(h) shall be payable from time to time on demand.

• Except for any B/A Loan (the compensation for which is set forth in Section 2.22), each Loan shall bear interest from and including the date made on the outstanding principal balance thereof as set forth in Section 2.06.

• Whenever the Borrower requests a BA Loan or conversion to a BA Loan or continuation of a BA Loan under this Agreement, each Non-BA Lender shall, in lieu of accepting and purchasing a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non-BA Lender’s Commitment Percentage of the BA Loan to be made on the applicable borrowing date.

• Each Lender is hereby authorized (in accordance with a Borrowing Request or Interest Election Request relating to a BA Loan) to issue such BAs endorsed in blank in such face amounts as may be determined by such Lender; provided, that the aggregate amount thereof is equal to the aggregate amount of BAs required to be accepted and purchased by such Lender.

• The Administrative Agent, promptly following receipt of a Borrowing Notice for a BA Loan, shall advise the Canadian Revolving Lenders of the notice and shall advise each such Lender of the face amount of Bankers’ Acceptances to be accepted by it and the applicable Interest Period (which shall be identical for all Canadian Revolving Lenders in respect of such BA Loan).

More Definitions of BA Loan

BA Loan a Canadian Revolving Loan (or Replacement Revolving Loan to the Canadian Borrower or the U.S. Borrower) made by way of the issuance of Bankers’ Acceptances.

BA Loan means any Loan made by way of accepting and purchasing BAs on the same date and as to which a single BA Contract Period is in effect, and includes BA Equivalent Loans made on the same date and as to which a single BA Contract Period is in effect.

BA Loan means a Borrowing comprised of one or more Bankers’ Acceptances or, as applicable, B/A Equivalent Loans. For greater certainty, all provisions of this Agreement that are applicable to Bankers’ Acceptances are also applicable, mutatis mutandis, to B/A Equivalent Loans.

BA Loan means a Borrowing comprised of one or more Bankers' Acceptances or, as applicable, B/A Equivalent Loans. For greater certainty, all

BA Loan or "BA Borrowing" or "U.S. Prime Loan" or "U.S. Prime Borrowing" or "Canadian Prime Loan" or "Canadian Prime Borrowing").

BA Loan or "BA Borrowing" or "USBR Loan" or "USBR Borrowing" or "Canadian Prime Loan" or "Canadian Prime Borrowing").

BA Loan with respect to any Lender, means, as at any time, the aggregate of the face value amount, in Canadian Dollars, of the Banker's Acceptances accepted by such Lender under its Commitment and then outstanding, and "BA Loans" means the aggregate of the BA Loans of all the Lenders;