Common use of Canadian Stamping Fee Clause in Contracts

Canadian Stamping Fee. Subject to Section 8.8, in consideration of each Canadian Bank’s commitment to accept or participate in Canadian Bankers’ Acceptances under this Agreement, the Canadian Borrower will pay to Canadian Administrative Agent for the account of each Canadian Bank the Canadian Stamping Fee Rate multiplied by the face amount of each Canadian Bankers’ Acceptance accepted by such Canadian Bank under this Agreement calculated for the number of days in the term of such Canadian Bankers’ Acceptance. Such fee shall be due and payable on the date on which such Canadian Bankers’ Acceptances are accepted and if such Canadian Bank is purchasing such Canadian Bankers’ Acceptance, such fee shall be deducted from the Canadian Discount Proceeds paid to the Canadian Borrower.

Canadian Stamping Fee. Subject to Section 8.8, in consideration of each Canadian Bank’s 's commitment to accept or participate in Canadian Bankers’ ' Acceptances under this Agreement, the Canadian Borrower will pay to Canadian Administrative Agent for the account of each Canadian Bank the Canadian Stamping Fee Rate multiplied by the face amount of each Canadian Bankers’ ' Acceptance accepted by such Canadian Bank under this Agreement calculated for the number of days in the term of such Canadian Bankers’ ' Acceptance. Such fee shall be due and payable on the date on which such Canadian Bankers’ ' Acceptances are accepted and if such Canadian Bank is purchasing such Canadian Bankers’ ' Acceptance, such fee shall be deducted from the Canadian Discount Proceeds paid to the Canadian Borrower.