BA Acceptance Fee definition

BA Acceptance Fee means, with respect to Bankers’ Acceptances, the fee, expressed as a rate per annum, payable to each Lender or retained by each Lender, in each case with respect to Bankers’ Acceptances to be accepted and purchased by such Lender as set forth in the table in the definition of “Applicable Margin” for Bankers’ Acceptances;

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BA Acceptance Fee means, for each issuance of a BA Draft or a BA Equivalent Note, a fee in the amount calculated by multiplying the face amount of such BA Draft or principal amount of such BA Equivalent Loan by an amount equal to the Applicable Margin and then multiplying the product so obtained by a fraction (x) the numerator of which is the number of days in the term to maturity of such BA Draft or BA Equivalent Note and (y) the denominator of which is 365 days (or 366 days in the case of a Bankers’ Acceptance which matures in a leap year).

Examples of BA Acceptance Fee in a sentence

With respect to each BA Draft of the Borrower accepted pursuant hereto and each BA Equivalent Note issued hereunder, the Borrower shall pay to the Lenders, in advance, the BA Acceptance Fee therefor.
The BA Acceptance Fee payable by the Parent Borrower to such Canadian Revolving Lender under SECTION 2.12(c) in respect of each Bankers' Acceptance accepted and purchased by such Canadian Revolving Lender from the Parent Borrower shall be netted out of the BA Discount Proceeds payable by such Canadian Revolving Lender under this SECTION 2.06(f).
Concurrently with the making of a BA Equivalent Advance, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Acceptance Fee which, but for this Section 3.8(j), such Lender would otherwise be entitled to receive as part of such issue of Bankers’ Acceptances.
All computations of interest for (i) Base Rate Loans, U.S. Base Rate Loans and Canadian Prime Rate Loans when the Base Rate, U.S. Base Rate or Canadian Prime Rate is determined by Bank of America’s or Bank of America (Canada Branch)’s “prime rate” or “reference rate”, as applicable, or (ii) the BA Acceptance Fee, shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.
The Borrower shall pay acceptance fees in Canadian Dollars at the Administrative Agent’s Account for Payments forthwith upon the acceptance by each Lender of each Bankers’ Acceptance issued by the Borrower at a rate per 365-day period equal to the BA Acceptance Fee applicable to and in effect on the date of acceptance of such Bankers’ Acceptance, calculated on the face amount of such Bankers’ Acceptance and on the basis of the number of days in the term of such Bankers’ Acceptance divided by 365.
Concurrently with the making of a BA Equivalent Advance, a Non- Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Acceptance Fee which, but for this Section 3.6(h), such Lender would otherwise be entitled to receive as part of such issue of Bankers' Acceptances.
Each Non-BA Lender shall, before 1:00 p.m. (New York time) on the date of each Drawing, make available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office, the amount of the BA Equivalent Advance, less an amount equal to the BA Acceptance Fee that would have been applicable to the Notional Bankers’ Acceptance had it been a Bankers’ Acceptance.
Concurrently with the making of a BA Equivalent Advance, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Acceptance Fee which, but for this Section 3.9(j), such Lender would otherwise be entitled to receive as part of such issue of Bankers' Acceptances.
The Borrower shall pay acceptance fees in Canadian Dollars at the Administrative Agent's Account for Payments forthwith upon the acceptance by each Lender of each Bankers' Acceptance issued by the Borrower at a rate per 365 day period equal to the BA Acceptance Fee applicable to and in effect on the date of acceptance of such Bankers' Acceptance, calculated on the face amount of such Bankers' Acceptance and on the basis of the number of days in the term of such Bankers' Acceptance divided by 365.
Concurrently with the making of a BA Equivalent Advance, a Non-Acceptance Lender shall be entitled to deduct therefrom an amount equal to the BA Acceptance Fee which, but for this Section 3.6(h), such Lender would otherwise be entitled to receive as part of such issue of Bankers’ Acceptances.

More Definitions of BA Acceptance Fee

BA Acceptance Fee means, in respect of each Bankers’ Acceptance, a fee calculated on the basis of a 365 or 366 day year at a rate per annum for the actual number of days in the relevant Interest Period equal to the Applicable Margin as at the date of issuance of such Bankers’ Acceptance, subject to adjustment pursuant to Section 5.6 , multiplied by the aggregate face amount of the applicable Bankers’ Acceptance. “ BA Rate ” means the BA Schedule I Rate or the BA Schedule II Rate, as the case may be. “ BA Rate Loan ” shall have the meaning ascribed thereto in Section 6.2 .

BA Acceptance Fee has the meaning specified in Section 2.10(b)(iii).

BA Acceptance Fee means, for each issuance of a Bankers’ Acceptance or a BA Equivalent Note, a fee in the amount calculated by multiplying the face amount of such Bankers’ Acceptance or principal amount of such BA Equivalent Loan by an amount equal to the Applicable Margin and then multiplying the product so obtained by a fraction (x) the numerator of which is the number of days in the term to maturity of such Bankers' Acceptance or BA Equivalent Note and (y) the denominator of which is 365 days (or 366 days in the case of a Bankers' Acceptance which matures in a leap year).

BA Acceptance Fee has the meaning set forth in SECTION 2.12(c).