ACCEPTANCE COST definition
ACCEPTANCE COST means, in respect of any Equipment, an amount equal to the finance charges calculated on the price of that Equipment as determined under the Nortel Supply Contract (excluding any VAT thereon) for the period from the Ship Date of that Equipment to the Initial Term Start Date in respect of that Equipment at the Acceptance Rate for that Equipment, such finance charges to accrue from day to day and to be calculated on the basis of a 360 day year.