Common use of Acceptance Fees Clause in Contracts

Acceptance Fees. (a) Upon the acceptance of any draft of the Borrower under the Credit Facility pursuant hereto, the Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the Borrower’s draft and ending on but excluding the maturity date of the Bankers’ Acceptance; provided, however, that such fee shall not be less than CDN$500 with respect to any single transaction involving the issuance of one or more Bankers’ Acceptances. (b) With respect to each drawdown by way of Bankers’ Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ Acceptances, such acceptance fees shall be paid by the Borrower to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-refundable and fully earned when due.

Acceptance Fees. (a) Upon the acceptance of any draft of the a Borrower under the relevant Credit Facility pursuant hereto, the such Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the such Borrower’s draft and ending on but excluding the maturity date of the Bankers’ Acceptance; provided, however, that such fee shall not be less than CDN$500 Cdn. $500 with respect to any single transaction involving the issuance of one or more Bankers’ Acceptances. (b) With respect to each drawdown by way of Bankers’ Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ Acceptances, such acceptance fees shall be paid by the relevant Borrower to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-refundable and fully earned when due.

Acceptance Fees. (a) Upon the acceptance of any draft of the Borrower under the Credit Facility pursuant hereto, the Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the Borrower’s draft and ending on but excluding the maturity date of the Bankers’ Acceptance; provided, however, that such fee shall not be less than CDN$500 with respect to any single transaction involving the issuance of one or more Bankers’ Acceptances. (b) With respect to each drawdown by way of Bankers’ Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ Acceptances, such acceptance fees shall be paid by the Borrower to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-non- refundable and fully earned when due.

Acceptance Fees. (a) Upon the acceptance of any draft of the Borrower under the relevant Credit Facility pursuant hereto, the Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the Borrower’s draft and ending on but excluding the maturity date of the Bankers’ Acceptance; provided, however, that such fee shall not be less than CDN$500 Cdn.$500 with respect to any single transaction involving the issuance of one or more Bankers’ Acceptances. (b) With respect to each drawdown by way of Bankers’ Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ Acceptances, such acceptance fees shall be paid by the Borrower to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-refundable and fully earned when due.

Acceptance Fees. (a) Upon the acceptance of any draft of the a Borrower under the relevant Credit Facility pursuant hereto, the such Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ ' Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the such Borrower’s 's draft and ending on but excluding the maturity date of the Bankers’ ' Acceptance; provided, however, that such fee shall not be less than CDN$500 Cdn. $500 with respect to any single transaction involving the issuance of one or more Bankers’ ' Acceptances. (b) With respect to each drawdown by way of Bankers’ ' Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ ' Acceptances, such acceptance fees shall be paid by the relevant Borrower to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-refundable and fully earned when due.

Acceptance Fees. (a) Upon the acceptance of any draft of the a Borrower under the Credit Facility pursuant hereto, the such Borrower shall pay to the Lenders, in the manner provided herein, in advance, an acceptance fee calculated at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Rate on the face amount of such Bankers’ Acceptance for its term, being the actual number of days in the period commencing on the date of acceptance of the such Borrower’s draft and ending on but excluding the maturity date of the Bankers’ Acceptance; provided, however, that such fee shall not be less than CDN$500 with respect to any single transaction involving the issuance of one or more Bankers’ Acceptances. (b) With respect to each drawdown by way of Bankers’ Acceptances, such acceptance fees shall be paid by the Lenders deducting the amount thereof from the BA Discounted Proceeds before advancing the BA Proceeds to the Administrative Agent as provided in Section 3.4(c). With respect to each rollover or conversion into Bankers’ Acceptances, such acceptance fees shall be paid by the Borrower Borrowers to the Administrative Agent as provided in Section 3.4(c). Each such payment is non-refundable and fully earned when due.