Best Buy 2003 Annual Report Download - page 83
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made in Canada based on a year of 360 days;
13
7.6. “Bankers’ Acceptance” means a depository bill as defined in the Depository Bills
and Notes Act (Canada) in Canadian Dollars that is in the form of an order signed by
the Borrower and accepted by a Lender pursuant to this Agreement or, for Lenders not
participating in clearing services contemplated in that Act, a draft or bill of exchange in
Canadian Dollars that is drawn by the Borrower and accepted by a Lender pursuant to
this Agreement. Orders that become depository bills, drafts and bills of exchange are
sometimes collectively referred to in this Agreement as “orders.” Any depository bill
may be made payable to “CDS & Co.” and deposited with The Canadian Depository for
Securities Limited;
7.7. “Business Day” means a day upon which the branch of Bank issuing the Offer
Letter is open for business;
7.8. “Canadian Dollar Equivalent” means at any time on any date in relation to any
amount in a currency other than Canadian dollars, the amount of Canadian dollars
required for the Borrower to purchase that amount of such other currency at the spot
rate of exchange quoted by the Bank at or about 10:30 a.m. (local Vancouver time) on
such date, including all premiums and costs of exchange;
7.9. “Canadian Dollars” and “CDN$” each mean lawful currency of Canada;
7.10. “Canadian GAAP” means Canadian generally accepted accounting principles,
including such principles recommended by the Canadian Institute of Chartered
Accountants as contained in the “CICA Handbook”, as the same may be amended,
replaced or restated from time to time, and, in the absence of a specific
recommendation contained in the “CICA Handbook”, such accounting principles
generally accepted in practice in Canada;
7.11. “Capital Stock” means, with respect to any Person, any and all present and
future shares, partnership or other interests, participations or other equivalent rights in
the person’s capital, however designated and whether voting or non−voting;