Common use of Acceptance Fees Clause in Contracts

Acceptance Fees. Upon the issue of any Acceptance, the Borrower concerned must pay for the account of the relevant Lender an acceptance fee at an annual rate equal to the Applicable Rate. The acceptance fee will be calculated on the face amount of the applicable Acceptance for the number of days included in the period of same and will be deducted from the Discounted Proceeds of such Acceptance, as provided to in Section 3.2.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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Acceptance Fees. Upon The Borrowers shall pay concurrently with the issue of any Acceptance, the Borrower concerned must pay for the account of the relevant Lender each Acceptance an acceptance fee at an the annual rate equal to the Applicable Rate. The acceptance fee will be of 6% calculated on the face amount of the applicable such Acceptance and for the number of days included in the period of same and will same. Such acceptance fees may be deducted from the Discounted Proceeds proceeds of the issue of any such Acceptance, as provided to in Section 3.23.2.1.

Appears in 1 contract

Samples: Credit Agreement (Hockey Co)

Acceptance Fees. Upon the issue of any Acceptance, the Borrower concerned must pay to the relevant Lender (or to the Agent for the account of the relevant Lender such Lender) an acceptance fee at an annual rate equal to the Applicable Rate. The acceptance fee will be calculated on the face amount of the applicable Acceptance and for the number of days included in the period of same and will be deducted from the Discounted Proceeds of such Acceptance, as provided to in Section 3.2same.

Appears in 1 contract

Samples: Credit Agreement (Osisko Gold Royalties LTD)

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Acceptance Fees. Upon the issue of any Acceptance, the Borrower concerned must pay to the relevant Lender (or to the Agent for the account of the relevant Lender such Lender) an acceptance fee at an annual rate equal to the Applicable Rate. The acceptance fee will be calculated on the face amount of the applicable Acceptance and for the number of days included in the period of same and will be deducted from the Discounted Proceeds of such Acceptance, as provided to in Section 3.2same.

Appears in 1 contract

Samples: Credit Agreement (AbitibiBowater Inc.)

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