Common use of Discount Rate Clause in Contracts

Discount Rate. On each day on which Bankers' Acceptances are to be accepted, the Canadian Administrative Agent shall advise the Borrower as to the Canadian Administrative Agent's determination of the Discount Rate.

Discount Rate. On each day on which Bankers' Acceptances are to be accepted, the Canadian Administrative Agent shall advise the Borrower Canadian Subsidiary as to the Canadian Administrative Agent's determination of the Discount Rate.