Applicable Acceptance Rate definition
Applicable Acceptance Rate means, at any time, with respect to Acceptances, the percentage per annum rate for determining the applicable fee payable in respect of Acceptances pursuant to Section 2.10(c), as set forth in Schedule 1.1(A).
Applicable Acceptance Rate means the per annum rate equal to the highest of the rates quoted by each Lender to the Agent on the date such draft is to be accepted as such Lender's rate for discounting an eligible banker's acceptance. After soliciting such quotes from the Lenders, Agent shall promptly advise each Lender of the "Applicable Acceptance Rate." Each Lender shall retain for its own account the amount of the discount determined in accordance with the terms hereof and shall pay an amount equal to the face amount of the presented draft less such discount to the Agent for disbursal to the Borrower in accordance with the terms hereof.
Applicable Acceptance Rate respectively in each case means:
Examples of Applicable Acceptance Rate in a sentence
After soliciting such quotes from the Lenders, Agent shall promptly advise each Lender of the "Applicable Acceptance Rate." Each Lender shall retain for its own account the amount of the discount determined in accordance with the terms hereof and shall pay an amount equal to the face amount of the presented draft less such discount to the Agent for disbursal to the Borrower in accordance with the terms hereof.
As used herein, "Applicable Acceptance Rate" shall mean the per annum rate equal to the highest of the rates quoted by each Lender to the Agent on the date such draft is to be accepted as such Lender's rate for discounting an eligible banker's acceptance.