Common use of Stamping Fees Clause in Contracts

Stamping Fees. The Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Administrative Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers’ Acceptances or making BA Equivalent Notes, the Stamping Fee with respect to such Bankers’ Acceptances or corresponding BA Equivalent Notes. The Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers’ Acceptance or BA Equivalent Notes of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers’ Acceptance or BA Equivalent Notes in accordance with this Section 2.16 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the Canadian Borrower’s obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Olin Corp), Credit Agreement (Olin Corp)

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Stamping Fees. The Each Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers’ Acceptances or BA Equivalent NotesAdvances, pay to the Administrative Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers’ Acceptances or making BA Equivalent NotesAdvances, the Stamping Fee with respect to such Bankers’ Acceptances or corresponding BA Equivalent NotesAdvances. The Each Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers’ Acceptance or BA Equivalent Notes Notional Bankers’ Acceptances of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers’ Acceptance or BA Equivalent Notes Notional Bankers’ Acceptances in accordance with this Section 2.16 2.18 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the applicable Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the applicable Canadian Borrower’s obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

Stamping Fees. The Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Administrative Sub-Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers’ Acceptances or making BA Equivalent Notes, the Stamping Fee with respect to such Bankers’ Acceptances or corresponding BA Equivalent Notes. The Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers’ Acceptance or BA Equivalent Notes of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers’ Acceptance or BA Equivalent Notes in accordance with this Section 2.16 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the Canadian Borrower’s obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

Stamping Fees. The Each Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Administrative Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers’ Acceptances or making BA Equivalent Notes, the Stamping Fee with respect to such Bankers’ Acceptances or corresponding BA Equivalent Notes. The Each Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers’ Acceptance or BA Equivalent Notes of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers’ Acceptance or BA Equivalent Notes in accordance with this Section 2.16 2.19 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the applicable Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the applicable Canadian Borrower’s obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Chemtura CORP)

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Stamping Fees. The Each Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers' Acceptances or BA Equivalent NotesAdvances, pay to the Administrative Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers' Acceptances or making BA Equivalent NotesAdvances, the Stamping Fee with respect to such Bankers' Acceptances or corresponding BA Equivalent NotesAdvances. The Each Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers' Acceptance or BA Equivalent Notes Notional Bankers' Acceptances of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers' Acceptance or BA Equivalent Notes Notional Bankers' Acceptances in accordance with this Section 2.16 2.18 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the applicable Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the applicable Canadian Borrower’s 's obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

Stamping Fees. The Each Canadian Borrower shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers' Acceptances or BA Equivalent Notes, pay to the Administrative Agent, in Canadian Dollars, for the ratable account of the Canadian Lenders accepting Drafts and purchasing Bankers' Acceptances or making BA Equivalent Notes, the Stamping Fee with respect to such Bankers' Acceptances or corresponding BA Equivalent Notes. The Each Canadian Borrower irrevocably authorizes each such Canadian Lender to deduct the Stamping Fee payable with respect to each Bankers' Acceptance or BA Equivalent Notes of such Canadian Lender from the Drawing Purchase Price payable by such Canadian Lender in respect of such Bankers' Acceptance or BA Equivalent Notes in accordance with this Section 2.16 2.19 and to apply such amount so withheld to the payment of such Stamping Fee for the account of the applicable Canadian Borrower and, to the extent such Stamping Fee is so withheld and legally permitted to be so applied, the applicable Canadian Borrower’s 's obligations under the preceding sentence in respect of such Stamping Fee shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Chemtura CORP)

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