FEES FOR BANKERS' ACCEPTANCES. Zale Xxxada shall pay to each Canadian Lender in respect of each Draft tendered by Zale Xxxada to and accepted by such Canadian Lender pursuant to the Canadian Commitment as a condition of such acceptance a fee in Canadian Dollars calculated on the basis of the face amount and the term of such Bankers' Acceptance and at a rate per annum equal to such Canadian Lender's Acceptance Rate.
FEES FOR BANKERS' ACCEPTANCES. The Borrower shall pay to the applicable Lender in respect of each Draft accepted (or BA Loan advanced) by such Lender, as a condition of such acceptance (or advance), a fee in Cdn. Dollars calculated on the basis of the face or principal amount and the term of such Bankers’ Acceptance and a rate per annum equal to the stamping fee (the “Applicable Stamping Fee”) in effect on the date of such acceptance as determined in accordance with the provisions of this Section. The Applicable Stamping Fee from and including the Closing Date to but excluding the Reset Date immediately following the Fiscal Quarter ending September 30, 2002 shall be set at Level II described below. From and after such Reset Date, the Applicable Stamping Fee will change, from time to time but not more frequently than quarterly, based on changes to the Fixed Charge Coverage Ratio for the Borrower’s most recently completed Four Quarter Period with the Applicable Stamping Fee to be reset, effective as of each Reset Date, to that amount indicated below where the Fixed Charge Coverage Ratio based on the Compliance Certificate delivered for the Fiscal Quarter ending immediately prior to such Reset Date, is as set out below. Level
FEES FOR BANKERS' ACCEPTANCES. The Borrower shall pay to each Lender in respect of each Draft accepted by such Lender, as a condition of such acceptance, a fee in Cdn. Dollars calculated on the basis of the face amount and the term of such Bankers' Acceptance and a rate per annum equal to the stamping fee (the "Applicable Stamping Fee") in effect on the date of such acceptance as determined in accordance with the provisions of this Section. On the date of this Agreement the Applicable Stamping Fee under this Section for Bankers' Acceptances is 0.65%. The Applicable Stamping Fee will change based on changes to the ratio of Total Debt to Total Capitalization from time to time with the Applicable Stamping Fee to be reset, effective as of each Reset Date, to that amount indicated in the pricing chart in Section 4.01 where the ratio of Total Debt to Total Capitalization based on the Compliance Certificate delivered for the Fiscal Quarter ending immediately prior to such Reset Date, is as set forth in the pricing chart in Section 4.01. For greater certainty, in the event the Applicable Stamping Fee changes on any Reset Date, such new Applicable Stamping Fee shall not apply to any outstanding Bankers' Acceptances but shall only apply to Bankers' Acceptances, continued, rolled over or issued on or subsequent to the Reset Date.
