Common use of Discount Rate Clause in Contracts

Discount Rate. On each Drawdown Date on which Bankers' Acceptances are to be accepted, the Agent shall advise the Borrower as to the Agent's determination of the applicable Discount Rate for the Bankers' Acceptances which any of the Lenders have agreed to purchase.

Discount Rate. On each Drawdown Date on which Bankers' Acceptances are to be accepted, the Administrative Agent shall advise the applicable Borrower as to the Administrative Agent's determination of the applicable Discount Rate for the Bankers' Acceptances which any of the Credit Facility Lenders have agreed to purchase.