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

Stamping Fees on Bankers’ Acceptance. The Canadian Borrower shall pay, in respect of each draft accepted by the Syndicated Canadian Banks as a Bankers’ Acceptance, a per annum stamping fee (the “Stamping Fee”) equal to (1) the Applicable Margin for Eurocurrency Rate Loans and CDOR Loans, changing when and as such Applicable Margin for Eurocurrency Rate Loans and CDOR Loans shall change, multiplied by (2) the face amount of such Bankers’ Acceptance, and calculated based on the number of days to maturity of such Bankers’ Acceptance divided by 365 (or, when appropriate, 366). Such Stamping Fee shall be payable in advance on the date of issuance of the Bankers’ Acceptance. The Canadian Borrower authorizes and directs the Syndicated Canadian Banks to deduct from the Bankers’ Acceptance Proceeds of Bankers’ Acceptances purchased by such Syndicated Canadian Bank for its own account, the amount of each such Stamping Fee upon the issue of each Bankers’ Acceptance.

Appears in 2 contracts

Samples: Credit Agreement (Harley Davidson Inc), Credit Agreement (Harley Davidson Inc)

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Stamping Fees on Bankers’ Acceptance. The Canadian Borrower shall pay, in respect of each draft accepted by the Syndicated Canadian Banks Revolving Lenders as a Bankers' Acceptance, a per annum stamping fee (the "Stamping Fee") equal to (1i) the Applicable Margin for Eurocurrency Fixed Rate Loans and CDOR Loans, changing when and as such Applicable Margin for Eurocurrency Fixed Rate Loans and CDOR Loans shall change, multiplied by (2ii) 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 (oror 366, when appropriate, 366)as the case may be. Such Stamping Fee shall be payable in advance on the date of issuance of the Bankers' Acceptance. The Canadian Borrower authorizes and directs the Syndicated Canadian Banks Revolving Lenders to deduct from the Bankers’ Acceptance BA Proceeds of Bankers' Acceptances purchased by such Syndicated Canadian Bank Revolving Lender for its own account, the amount of each such Stamping Fee upon the issue of each Bankers' Acceptance.

Appears in 1 contract

Samples: Credit Agreement (Cott Corp /Cn/)

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Stamping Fees on Bankers’ Acceptance. The Canadian applicable Borrower shall pay, in respect of each draft accepted by the Syndicated Canadian Banks as a Bankers’ Acceptance, a per annum stamping fee (the “Stamping Fee”) equal to (1) the Applicable Margin for Eurocurrency Rate Loans and CDOR Loans, changing when and as such Applicable Margin for Eurocurrency Rate Loans and CDOR Loans shall change, multiplied by (2) the face amount of such Bankers’ Acceptance, and calculated based on the number of days to maturity of such Bankers’ Acceptance divided by 365 (or, when appropriate, 366). Such Stamping Fee shall be payable in advance on the date of issuance of the Bankers’ Acceptance. The Canadian Each Borrower authorizes and directs the Syndicated Canadian Banks to deduct from the Bankers’ Acceptance Proceeds of Bankers’ Acceptances purchased by such Syndicated Canadian Bank for its own account, the amount of each such Stamping Fee upon the issue of each Bankers’ Acceptance.

Appears in 1 contract

Samples: Credit Agreement (Harley Davidson Inc)

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