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.

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.

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.

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.

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.