Common use of Stamping Fees on Bankers’ Acceptance Clause in Contracts

Stamping Fees on Bankers’ Acceptance. The Borrower shall pay, in respect of each draft accepted by each Lender as a Bankers’ Acceptance, a per annum stamping fee (the “Stamping Fee”) equal to (i) the Applicable Margin for LIBOR Rate Loans, changing when and as such Applicable Margin for LIBOR Rate Loans shall change, multiplied by (ii) the face amount of such Bankers’ Acceptance, and calculated based on the number of days to maturity of such Bankers’ Acceptance divided by the number of days in the applicable year, being 365 or 366, as the case may be. Such Stamping Fee shall be payable in advance on the date of issuance of the Bankers’ Acceptance. The Borrower authorizes and directs each Lender to deduct from the BA Proceeds of Bankers’ Acceptances purchased by such Lender for its own account, the amount of each such Stamping Fee upon the issue of each Bankers’ Acceptance.

Stamping Fees on Bankers’ Acceptance. The Borrower shall pay, in respect of each draft accepted by each Lender as a Bankers’ ' Acceptance, a per annum stamping fee (the “"Stamping Fee”") equal to (i) the Applicable Margin for LIBOR Rate Loans, changing when and as such Applicable Margin for LIBOR Rate Loans shall change, multiplied by (ii) the face amount of such Bankers’ ' Acceptance, and calculated based on the number of days to maturity of such Bankers’ ' Acceptance divided by the number of days in the applicable year, being 365 or 366, as the case may be. Such Stamping Fee shall be payable in advance on the date of issuance of the Bankers’ ' Acceptance. The Borrower authorizes and directs each Lender to deduct from the BA Proceeds of Bankers’ ' Acceptances purchased by such Lender for its own account, the amount of each such Stamping Fee upon the issue of each Bankers’ ' Acceptance.