Acceptance Commission Rate definition
Examples of Acceptance Commission Rate in a sentence
In the event that the actual Funded Debt to EBITDA Ratio for any fiscal quarter is subsequently determined to be greater than that set forth in the Affidavit of No Default and Compliance for such fiscal quarter, the Banker’s Acceptance Commission Rate shall be recalculated for the applicable period based upon such actual Funded Debt to EBITDA Ratio.
Any additional increase in the Banker’s Acceptance Commission Rate resulting from the operation of the previous sentence shall be payable by the Borrower to the Bank within five (5) days after receipt of a written demand therefor from the Bank.
The Acceptance Commission Rate is calculated on the basis of the number of days in the relevant Tenor and a year of 365 days.
The relevant Borrower whose Bills are accepted hereunder shall be obliged, on the day such Bills are accepted, to pay to the Facility Agent for the account of each Bank which accepts its Bills under Clause 9.1 an acceptance commission in sterling at the Acceptance Commission Rate on the face amount thereof and for the Tenor thereof.
Column 1 Column 2 Column 3 Total Commitments Facility A, Facility B, and Facility D Facility C Applicable Margin Applicable Margin and Acceptance Commission Rate Less than or equal to 0.50 per cent.
The relevant Borrower whose Bills are accepted hereunder shall be obliged, on the day such Bills are accepted, to pay to the Agent for the account of each Bank which accepts its Bills under Clause 6.7 (Acceptance of Bills) an acceptance commission in Sterling at the applicable Acceptance Commission Rate on the face amount thereof and for the Tenor thereof.