Terms Applicable to Discount Notes. As set out in the definition of “Bankers’ Acceptances”, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreement: (i) the term of a Discount Note shall be the same as the Interest Period for Bankers’ Acceptances accepted and purchased on the same date in respect of the same BA Loan; (ii) a stamping fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping Fee in respect of a Bankers’ Acceptance; and (iii) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ Acceptances accepted by the Administrative Agent (or its designee), as Lender, on the same date, in respect of the same BA Loan.
Appears in 7 contracts
Samples: Credit Agreement (Bowater Inc), Credit Agreement (Bowater Inc), Credit Agreement (AbitibiBowater Inc.)
Terms Applicable to Discount Notes. As set out in the definition of “Bankers’ Acceptances”, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreementgreater certainty:
(iA) the term of a Discount Note shall be the same as the Interest Period term for Bankers’ Acceptances accepted and purchased on the same date Borrowing Date in respect of the same BA Revolving Credit Loan;
(iiB) a stamping an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping BA Fee in respect of a Bankers’ Acceptance; and
(iiiC) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ Acceptances accepted by the Administrative Agent (or its designee), as Lender, a Lender other than a Schedule I Lender on the same Borrowing Date or other date, as the case may be, in respect of the same BA Revolving Credit Loan.
Appears in 3 contracts
Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (Hertz Corp), Credit Agreement (Hertz Global Holdings Inc)
Terms Applicable to Discount Notes. As set out in the definition of “"Bankers’ ' Acceptances”", that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ ' Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreement:
(i) the term of a Discount Note shall be the same as the Interest Period for Bankers’ ' Acceptances accepted and purchased on the same date in respect of the same BA Loan;
(ii) a stamping fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping Fee in respect of a Bankers’ ' Acceptance; and
(iii) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ ' Acceptances accepted by the Administrative Agent (or its designee), as Lender, on the same date, in respect of the same BA Loan.
Appears in 3 contracts
Samples: Credit Agreement (AbitibiBowater Inc.), Credit Agreement (AbitibiBowater Inc.), Credit Agreement (AbitibiBowater Inc.)
Terms Applicable to Discount Notes. As set out in the definition of “"Bankers’ ' Acceptances”", that term includes Discount Notes and all terms of this Agreement applicable to - Bankers’ ' Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreement:
(i) the term of a Discount Note shall be the same as the Interest Period for Bankers’ ' Acceptances accepted and purchased on the same date in respect of the same BA Loan;
(ii) a stamping fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping Fee in respect of a Bankers’ ' Acceptance; and
(iii) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ ' Acceptances accepted by the Administrative Agent (or its designee), as Lender, on the same date, in respect of the same BA Loan.
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Terms Applicable to Discount Notes. As set out in the definition of “Bankers’ Acceptances”, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreementgreater certainty:
(iA) the term of a Discount Note shall be the same as the Interest Period term for Bankers’ Acceptances accepted and purchased on the same date Borrowing Date in respect of the same BA Revolving Credit Loan;
(iiB) a stamping an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping BA Fee in respect of a Bankers’ Acceptance; and
(iiiC) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ Acceptances accepted by the Administrative Agent (or its designee), as Lender, a Lender other than Schedule I Lender on the same Borrowing Date or other date, as the case may be, in respect of the same BA Revolving Credit Loan.
Appears in 1 contract
Samples: Credit Agreement (Hertz Corp)
Terms Applicable to Discount Notes. As set out in the definition of “Bankers’ Acceptances”, that term includes Discount Notes and all terms of this Agreement applicable to Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreement:
greater certainty: (ia) the term of a Discount Note shall be the same as the Interest Contract Period for Bankers’ Acceptances accepted and purchased on the same date Drawdown Date in respect of the same BA Loan;
Advance; (iib) a stamping an acceptance fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping Acceptance Fee in respect of a Bankers’ Acceptance; and
and (iiic) the BA Discount CDOR Rate applicable to a Discount Note shall be the BA Discount CDOR Rate applicable to Bankers’ Acceptances accepted by the Administrative Agent (or its designee), as Lender, a Lender on the same dateDrawdown Date, Rollover Date or Conversion Date, as the case may be, in respect of the same BA LoanAdvance.
Appears in 1 contract
Terms Applicable to Discount Notes. As set out in the definition of “Bankers’ Acceptances”, that term includes Discount Notes and all terms of this Agreement applicable to - Bankers’ Acceptances shall apply equally to Discount Notes evidencing BA Equivalent Loans with such changes as may in the context be necessary. For purposes of this Agreement:
(i) the term of a Discount Note shall be the same as the Interest Period for Bankers’ Acceptances accepted and purchased on the same date in respect of the same BA Loan;
(ii) a stamping fee will be payable in respect of a Discount Note and shall be calculated at the same rate and in the same manner as the Stamping Fee in respect of a Bankers’ Acceptance; and
(iii) the BA Discount Rate applicable to a Discount Note shall be the BA Discount Rate applicable to Bankers’ Acceptances accepted by the Administrative Agent (or its designee), as Lender, on the same date, in respect of the same BA Loan.
Appears in 1 contract
Samples: Credit Agreement (Bowater Inc)