Acceptance Commission definition
Examples of Acceptance Commission in a sentence
If the materials delivered by the contractor to the contracting entity are supplied via government or commercial surplus sale, the documents, related to the materials, showing that the materials are traceable to a government or commercial surplus sale or to the manufacturer shall be submitted to the Inspection and Acceptance Commission in inspection process.
The participation interest of each Acceptance Participant in each Acceptance shall include its Pro Rata Share of the Acceptance Commission applicable to such Acceptance on the Drawing Date of such Acceptance.
On the Drawing Date of such Acceptance, the Administrative Agent shall remit to each Bank such Bank's Pro Rata Share of the Acceptance Commission applicable to such Acceptance.
At no time shall the interest rate payable on, or Discount Charge or Acceptance Commission with respect to, the Credit Documents, together with the Facility Fee to the extent the same is construed to constitute interest, exceed the maximum rate of interest permitted by law.
Such notice shall specify the face amount of such Acceptance, the maturity date thereof, the face amount of each Acceptance Participant's undivided interest therein and the amount of the Acceptance Commission applicable to such Acceptance.