Acceptance Fee. An Acceptance Fee shall be: (a) payable by the Canadian Borrower to the Canadian Agent for distribution to the Canadian Lenders on the Acceptance Date for each Bankers’ Acceptance issued; and (b) calculated on the Principal Amount of each Bankers’ Acceptance for the number of days in the term of such Bankers’ Acceptance and based on a year of 365 days.
Appears in 3 contracts
Samples: Credit Agreement (Firstservice Corp), Credit Agreement (Firstservice Corp), Credit Agreement (Firstservice Corp)
Acceptance Fee. An Acceptance Fee shall be:
(a) be payable by the Canadian Borrower to each Canadian Lender in advance (in the Canadian Agent for distribution to manner specified under this Agreement) upon the Canadian Lenders on the Acceptance Date for each issuance of a Bankers’ Acceptance issued; and
(b) to be accepted by such Canadian Lender, calculated at the rate per annum equal to the BA Margin, such Acceptance Fee to be calculated on the Principal Amount face amount of each such Bankers’ Acceptance for and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and based on a year of 365 daysAcceptance.
Appears in 2 contracts
Samples: Credit Agreement (Ryerson Inc.), Credit Agreement (Aramark Corp/De)
Acceptance Fee. An Acceptance Fee shall be:
(a) be payable by the applicable Canadian Borrower to each Canadian Lender in advance (in the Canadian Agent for distribution to manner specified under this Agreement) upon the Canadian Lenders on the Acceptance Date for each issuance of a Bankers’ Acceptance issued; and
(b) to be accepted by such Canadian Lender, calculated at the rate per annum equal to the BA Margin, such Acceptance Fee to be calculated on the Principal Amount face amount of each such Bankers’ Acceptance for and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and based on a year of 365 daysAcceptance.
Appears in 1 contract
Acceptance Fee. An Acceptance Fee shall be:
(a) payable by the Canadian Borrower to the Canadian Agent for distribution to the Canadian Lenders on the Acceptance Date for each Bankers’ ' Acceptance issued; and
(b) calculated on the Principal Amount of each Bankers’ ' Acceptance for the number of days in the term of such Bankers’ ' Acceptance and based on a year of 365 days.
Appears in 1 contract
Samples: Credit Agreement (Firstservice Corp)
Acceptance Fee. An Acceptance Fee shall be:
(a) be payable by the applicable Canadian Borrower to each Canadian Lender in advance (in the Canadian Agent for distribution to manner specified under this Agreement) upon the Canadian Lenders on the Acceptance Date for each issuance of a Bankers’ Acceptance issued; and
(b) to be accepted by such Canadian Lender, calculated at the rate per annum equal to the Applicable Margin, such Acceptance Fee to be calculated on the Principal Amount face amount of each such Bankers’ Acceptance for and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and based on a year of 365 daysAcceptance.
Appears in 1 contract
Acceptance Fee. An Acceptance Fee shall be:
(a) payable by the Canadian Borrower to the Canadian Administrative Agent for distribution to the Canadian Lenders on the Acceptance Date for each Bankers’ ' Acceptance issued; and
(b) calculated on the Principal Amount of each Bankers’ ' Acceptance for the number of days in the term of such Bankers’ ' Acceptance and based on a year of 365 days.
Appears in 1 contract
Samples: Credit Agreement (Firstservice Corp)