Common use of Acceptance Fees Clause in Contracts

Acceptance Fees. With respect to each draft and Acceptance Note of the Canadian Borrower accepted or issued pursuant hereto, the Canadian Borrower shall pay to the Canadian Agent on behalf of the Canadian Lenders, in advance, an acceptance fee denominated in Canadian Dollars calculated at the rate per annum, on the basis of a year of 365 days (or 366 days, as applicable), equal to the Applicable Canadian Revolver BA Margin on the Face Amount of such Bankers’ Acceptance or the face amount of such Acceptance Note, as applicable for its term, being the actual number of days in the period commencing on the date of acceptance of the Canadian Borrower’s draft or date of issuance of such Acceptance Note and ending on, but excluding the maturity date of, the Bankers’ Acceptance or Acceptance Note. Such acceptance fees shall be non-refundable and shall be fully earned when due. Such acceptance fees shall be paid by the Canadian Borrower by deduction of the amount thereof from what would otherwise be Notional BA Proceeds funded pursuant to this Section 2.2(f).

Appears in 2 contracts

Samples: Credit Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO)

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Acceptance Fees. With respect to each draft and Acceptance Note of the Canadian Borrower accepted or issued pursuant hereto, the Canadian Borrower shall pay to the Canadian Agent on behalf of the Canadian Lenders, in advance, an acceptance fee denominated in Canadian Dollars calculated at the rate per annum, on the basis of a year of 365 days (or 366 days, as applicable), equal to the Applicable Canadian Revolver BA Margin on the Face Amount of such Bankers’ Acceptance or the face amount of such Acceptance Note, as applicable for its term, being the actual number of days in the period commencing on the date of acceptance of the Canadian Borrower’s draft or date of issuance of such Acceptance Note and ending on, but excluding the maturity date of, the Bankers’ Acceptance or Acceptance Note. Such acceptance fees shall be non-refundable and shall be fully earned when due. Such acceptance fees shall be paid by the Canadian Borrower by deduction of the amount thereof from what would otherwise be Notional BA Proceeds funded pursuant to this Section 2.2(f).

Appears in 2 contracts

Samples: Security Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO)

Acceptance Fees. With respect to each draft Bankers’ Acceptance and Acceptance Note of the any Canadian Borrower accepted or issued pursuant hereto, the such Canadian Borrower (or the Company on behalf of such Canadian Borrower) shall pay to the Canadian Agent on behalf of the Canadian Lenders, in advance, an acceptance fee denominated in Canadian Dollars calculated at the rate per annum, on the basis of a year of 365 days (or 366 days, as applicable), equal to the Applicable Canadian Revolver BA Margin on the Face Amount of such Bankers’ Acceptance or the face amount of such Acceptance Note, as applicable for its term, being 49 the actual number of days in the period commencing on the date of acceptance of the such Canadian Borrower’s draft Bankers’ Acceptance or date of issuance of such Acceptance Note and ending on, on but excluding the maturity date of, of the Bankers’ Acceptance or Acceptance Note. Such acceptance fees shall be non-refundable and shall be fully earned when due. Such acceptance fees shall be paid by the Canadian Borrower Borrowers (or the Company on behalf of such Canadian Borrower) by deduction of the amount thereof from what would otherwise be Notional BA Proceeds funded pursuant to this Section 2.2(f2.3(c).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Easton-Bell Sports, Inc.)

Acceptance Fees. With respect to each draft and Acceptance Note of the Celestica or a Canadian Borrower Designated Subsidiary accepted or issued pursuant hereto, the Canadian such Borrower shall pay to the Canadian Facility Agent on behalf of the Canadian Lenders, as the case may be, in advance, an acceptance fee denominated in Canadian Dollars calculated at the rate per annum, on the basis of a year of 365 days (or 366 days, as applicable)days in the case of a leap year, equal to the Applicable Margin pertaining to the Canadian Revolver BA Margin Rate on the Face Amount face of such Bankers' Acceptance or the face principal amount of such an Acceptance Note, as applicable for its term, being the actual number of days in the period commencing on the date of acceptance of the Canadian such Borrower’s 's draft or date of issuance of such Acceptance Note and ending on, on but excluding the maturity date of, of the Bankers’ Acceptance or Acceptance Note' Acceptance. Such acceptance fees shall be non-refundable and shall be fully earned when duedue or the last day of the Interest Period of the Acceptance Note, as applicable. Such acceptance fees shall be paid by the Borrower whose draft has been accepted by the Canadian Borrower by deduction Facility Agent on behalf of the Canadian Lenders deducting the amount thereof from what would otherwise be Notional BA Proceeds funded pursuant to this Section 2.2(f)4.1.

Appears in 1 contract

Samples: Credit Agreement (Celestica Inc)

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Acceptance Fees. With respect to each draft and Acceptance Note of the Canadian Borrower accepted or issued pursuant hereto, the Canadian Borrower shall pay to the Canadian Agent on behalf of the Canadian Lenders, in advance, an acceptance fee denominated in Canadian Dollars calculated at the rate per annum, on the basis of a year of 365 days (or 366 days, as applicable), equal to the Applicable Canadian Revolver BA Margin on the Face Amount of such Bankers' Acceptance or the face amount of such Acceptance Note, as applicable for its term, being the actual number of days in the period commencing on the date of acceptance of the Canadian Borrower’s 's draft or date of issuance of such Acceptance Note and ending on, but excluding the maturity date of, the Bankers' Acceptance or Acceptance Note. Such acceptance fees shall be non-refundable and shall be fully earned when due. Such acceptance fees shall be paid by the Canadian Borrower by deduction of the amount thereof from what would otherwise be Notional BA Proceeds funded pursuant to this Section 2.2(f).

Appears in 1 contract

Samples: Credit Agreement (Rock-Tenn CO)

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