BA Fee definition
BA Fee has the meaning specified in Section 2.03(j).
BA Fee any amount calculated by multiplying the face amount of each Bankers’ Acceptance by the Applicable Margin for BA Equivalent Loans, and then multiplying the result by a fraction, the numerator of which is the duration of its term on the basis of the actual number of days to elapse from and including the date of acceptance of a Bankers’ Acceptance by the Lender up to but excluding the maturity date of the Bankers’ Acceptance and the denominator of which is the number of days in the calendar year in question.
BA Fee means, in respect of a Bankers' Acceptance, a stamping fee calculated on the Face Amount and maturity of such Bankers' Acceptance at a rate per annum equal to the Applicable Margin, payable on the date of creation of such Bankers' Acceptance, calculated on the basis of a year of 365 days.
Examples of BA Fee in a sentence
Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation to pay any BA Fee in connection with Bankers’ Acceptances issued solely for the account of WKC or any Domestic Subsidiary.
More Definitions of BA Fee
BA Fee the amount calculated by multiplying the face amount of each Bankers’ Acceptance accepted by, and each Draft purchased but not accepted by, a Canadian Lender hereunder by the rate for the BA Fee specified in the Pricing Grid, and then multiplying the result by a fraction, the numerator of which is the duration of its term on the basis of the actual number of days to elapse from and including the date of acceptance of a Bankers’ Acceptance, or date of purchase of such Draft, by the Canadian Lender up to but excluding the maturity date of the Bankers’ Acceptance and the denominator of which is 365.
BA Fee means with respect to a Bankers’ Acceptance or BA Equivalent Loan, as applicable, accepted by a Lender, the amount calculated by multiplying the face amount of a Bankers’ Acceptance or BA Equivalent Loan, as applicable, by the Applicable Margin and then multiplying the result by a fraction, the numerator of which is the number of days to elapse from and including the date of acceptance of such Bankers’ Acceptance or BA Equivalent Loan by the Lender up to but excluding the maturity date of such Bankers’ Acceptance or BA Equivalent Loan, and the denominator of which is the number of days in the applicable calendar year.