Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian Borrowers, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian Borrowers, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance Fee.
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Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)
Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank Lender severally agrees to purchase from the Canadian Borrowers, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian Borrowers, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the applicable Acceptance Fee.
Appears in 2 contracts
Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)
Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian Borrowers, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ ' Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian Borrowers, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance FeeFee payable by the Canadian Borrowers to such Bank under Section 3.3 in respect of such Bankers' Acceptance.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Usa Waste Services Inc), Revolving Credit and Term Loan Agreement (Kti Inc)
Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian BorrowersBorrower, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ ' Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian BorrowersBorrower, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance FeeFee payable by the Canadian Borrower to such Bank under Section 4.3 in respect of such Bankers' Acceptance.
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Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian Borrowers, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ ' Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian Borrowers, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance Fee and, if applicable, the Additional Fee, payable by the Canadian Borrowers to such Bank under Section 3.3 in respect of such Bankers' Acceptance.
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Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian Borrowers, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian Borrowers, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance Fee and, if applicable, the Additional Fee, payable by the Canadian Borrowers to such Bank under §3.3 in respect of such Bankers’ Acceptance.
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Samples: Global Revolving Credit Agreement (Ryder System Inc)
Purchase of Bankers’ Acceptances. On the relevant date of borrowing, each Canadian Bank severally agrees to purchase from the Canadian BorrowersBorrower, at the face amount thereof discounted by the Applicable BA Discount Rate, any Bankers’ ' Acceptance accepted by it and provide to the Canadian Agent, for the account of the Canadian BorrowersBorrower, the BA Discount Proceeds in respect thereof after deducting therefrom the amount of the Acceptance FeeFee payable by the Canadian Borrower to such Bank under ss.4.3 in respect of such Bankers' Acceptance.
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