Common use of Acceptance Fee Clause in Contracts

Acceptance Fee. An acceptance fee (the “Acceptance Fee”) shall be payable by the Canadian Borrowers to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(g) in respect of each Bankers’ Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate calculated on the face amount of such Bankers’ Acceptance and computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 days.

Appears in 3 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

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Acceptance Fee. An acceptance fee (the “Acceptance Fee”) Fee shall be payable by the Canadian Borrowers Borrower to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds Lender in advance (in the manner specified in §3.1(gunder this Agreement) in respect upon the issuance of each a Bankers’ Acceptance), said fee Acceptance to be accepted by such Canadian Lender, calculated at a the rate per annum equal to the Applicable BA Margin, such Acceptance Fee Rate to be calculated on the face amount of such Bankers’ Acceptance and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 daysAcceptance.

Appears in 2 contracts

Samples: Credit Agreement (Ryerson Inc.), Credit Agreement (Aramark Corp/De)

Acceptance Fee. An acceptance fee (the “Acceptance Fee”) shall be payable by the Canadian Borrowers to each Canadian Bank Lender and each Canadian Bank Lender shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gSection 2.19(a)(vii) in respect of each Bankers’ Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate calculated on the face amount of such Bankers’ Acceptance and computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 days.

Appears in 2 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Acceptance Fee. An acceptance fee (the "Acceptance Fee") shall be payable by the Canadian Borrowers Borrower to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gss.4.1(f) in respect of each Bankers' Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate calculated on the face amount of such Bankers' Acceptance and computed on the basis of the number of days in the term of such Bankers' Acceptance and a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Acceptance Fee. An acceptance fee (the "Acceptance Fee") shall be payable by the Canadian Borrowers Rival Canada to each Canadian Bank and each Canadian Bank BA Lender, which shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gss.2A.1(f) in respect of each Bankers' Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate calculated on the face amount of such Bankers' Acceptance and computed on the basis of the number of days in the term of such Bankers' Acceptance and a year of 365 days.

Appears in 1 contract

Samples: And Term Loan Agreement (Holmes Products Corp)

Acceptance Fee. An acceptance fee (the "Acceptance Fee") shall be payable by the Canadian Borrowers Borrower to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gSection 4.1(f) in respect of each Bankers' Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate calculated on the face amount of such Bankers' Acceptance and computed on the basis of the number of days in the term of such Bankers' Acceptance and a year of 365 days.

Appears in 1 contract

Samples: Revolving Credit Agreement (Allied Holdings Inc)

Acceptance Fee. An acceptance fee (the “Acceptance Fee”) Fee shall be payable by the applicable Canadian Borrowers Borrower to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds Lender in advance (in the manner specified in §3.1(gunder this Agreement) in respect upon the issuance of each a Bankers’ Acceptance), said fee Acceptance to be accepted by such Canadian Lender, calculated at a the rate per annum equal to the Applicable BA Margin, such Acceptance Fee Rate to be calculated on the face amount of such Bankers’ Acceptance and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 daysAcceptance.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Tull Inc /De/)

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Acceptance Fee. An acceptance fee (the "Acceptance Fee") shall be payable by the Canadian Borrowers to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gSection 3.1(f) in respect of each Bankers' Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee Rate Letter of Credit Percentage calculated on the face amount of such Bankers' Acceptance and computed on the basis of the number of days in the term of such Bankers' Acceptance and a year of 365 days.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Kti Inc)

Acceptance Fee. An acceptance fee (the “Acceptance Fee”) Fee shall be payable by the applicable Canadian Borrowers Borrower to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds Lender in advance (in the manner specified in §3.1(gunder this Agreement) in respect upon the issuance of each a Bankers’ Acceptance), said fee Acceptance to be accepted by such Canadian Lender, calculated at a the rate per annum equal to the Applicable Margin, such Acceptance Fee Rate to be calculated on the face amount of such Bankers’ Acceptance and to be computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 daysAcceptance.

Appears in 1 contract

Samples: Credit Agreement (Student Transportation Inc.)

Acceptance Fee. An acceptance fee (the "Acceptance Fee") shall be payable by the Canadian Borrowers to each Canadian Bank and each Canadian Bank shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in §3.1(gSection 3.1(f) in respect of each Bankers' Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Acceptance Fee L/C Rate calculated on the face amount of such Bankers' Acceptance and computed on the basis of the number of days in the term of such Bankers' Acceptance and a year of 365 days.

Appears in 1 contract

Samples: Revolving Credit Agreement (Usa Waste Services Inc)

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