Acceptance Liabilities definition

Acceptance Liabilities means, at any time of calculation, the sum of (i) the amount of all outstanding Acceptances (without regard to whether any conditions to payment thereunder can then be met), plus (ii) the aggregate unpaid amount of all reimbursement obligations under Section 3.02 in respect of previous Acceptances.
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Examples of Acceptance Liabilities in a sentence

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of the Canadian Loans plus (B) the aggregate Letter of Credit Liabilities relating to the Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • Without prejudice to the survival of any other term or provision of this Agreement, the obligations of Mail-Well and the Borrower under this Section 3.5 shall survive the repayment of the Loans, the Letter of Credit ----------- Liabilities, the Bankers' Acceptance Liabilities and the other Obligations and the termination of the Commitments.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers’ Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • If a Borrowing Base Deficiency results from such reduction, then the Company shall, notwithstanding Section 2.11(a) to the contrary, immediately prepay the Loans (including Swingline Loans) (and/or provide cover for Letter of Credit and Bankers' Acceptance Liabilities) with the Net Available Proceeds to cure such deficiency.

  • Such authorization shall survive the repayment of the Loans, Letter of Credit Reimbursement Obligations and Bankers' Acceptance Liabilities and the termination of the Commitments.

  • Interest and fees payable by Mail-Well and/or the Borrower hereunder and under the other Loan Documents on Prime Rate Loans shall be computed on the basis of a year of 365 or 366 days, as the case may be, and interest and fees payable by the Borrower hereunder on Bankers' Acceptance Liabilities shall be computed on the basis of a year of 365 days.

  • On September 30, 1999 the Company shall prepay the Loans in such amounts as shall be necessary so that the aggregate outstanding amount of Loans together with the outstanding Letter of Credit Liabilities and Acceptance Liabilities shall not exceed $35,000,000.

  • Interest on Loans, Reimbursement Obligations, Acceptance Liabilities and all fees shall be computed on the basis of a year of 360 days and actual days elapsed (including the first day but excluding the last day) occurring in the period for which payable.