Common use of Fees on Bankers’ Acceptances Clause in Contracts

Fees on Bankers’ Acceptances. Upon acceptance of a Bankers’ Acceptance (or making of a B/A Equivalent Loan) by a Lender, the Borrower shall pay to the Agent for the account of such Lender a fee (the “Acceptance Fee”) calculated on the face amount of the Bankers’ Acceptance (or undiscounted amount of such B/A Equivalent Loan) at a rate per annum equal to the Applicable Margin on the basis of the number of days in the Contract Period for the Bankers’ Acceptance or B/A Equivalent Loan and a year of 365 days.

Appears in 2 contracts

Samples: Bridge and Term Loan Credit Agreement, Bridge and Term Loan Credit Agreement

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Fees on Bankers’ Acceptances. Upon acceptance of a Bankers’ Acceptance (or making of a B/A Equivalent Loan) by a Credit Facility Lender, the applicable Borrower shall pay to the Administrative Agent for on behalf of the account of such Credit Facility Lender a fee (the “Acceptance Fee”) calculated on the face amount of the Bankers’ Acceptance (or undiscounted amount of such B/A Equivalent Loan) at a rate per annum equal to the Applicable Margin on the basis of the number of days in the Contract Period for the Bankers’ Acceptance or B/A Equivalent Loan and a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Quebecor Media Inc)

Fees on Bankers’ Acceptances. Upon acceptance of a Bankers’ Acceptance (or making of a B/A Equivalent Loan) by a Lender, the Borrower shall pay to the Agent for Administrative Agent, on behalf of the account of such Lender Lender, a fee (the “Acceptance Fee”) calculated in advance on the face amount of the Bankers’ Acceptance (or undiscounted amount of such B/A Equivalent Loan) at a rate per annum equal to the Applicable Margin on the basis of the number of days in the Contract Period including the last day in the Contract Period for the Bankers’ Acceptance or B/A Equivalent Loan and a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Quest Capital Corp)

Fees on Bankers’ Acceptances. Upon acceptance of a Bankers' Acceptance (or making of a B/A Equivalent Loan) by a Credit Facility Lender, the applicable Borrower shall pay to the Administrative Agent for on behalf of the account of such Credit Facility Lender a fee (the "Acceptance Fee") calculated on the face amount of the Bankers' Acceptance (or undiscounted amount of such B/A Equivalent Loan) at a rate per annum equal to the Applicable Margin on the basis of the number of days in the Contract Period for the Bankers' Acceptance or B/A Equivalent Loan and a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Quebecor Media Inc)

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Fees on Bankers’ Acceptances. Upon acceptance of a Bankers’ Acceptance (or making of a B/A Equivalent Loan) by a Lender, the Borrower shall pay to the Administrative Agent for on behalf of the account of such Lender a fee (the “Acceptance Fee”) calculated in advance on the face amount of the Bankers’ Acceptance (or undiscounted amount of such B/A Equivalent Loan) at a rate per annum equal to the Applicable Margin on the basis of the number of days in the Contract Period including the last day in the Contract Period for the Bankers’ Acceptance or B/A Equivalent Loan and a year of 365 days.

Appears in 1 contract

Samples: Credit Agreement (Tricon Residential Inc.)

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