Examples of Acceptance Commission in a sentence
The net proceeds of a draft shall be the face amount of the draft less the applicable Discount and less the Acceptance Commission.
Such notice shall specify the face amount of such Acceptance, the maturity date thereof, the face amount of each Acceptance Participant's undivided interest therein and the amount of the Acceptance Commission applicable to such Acceptance.
On the Drawing Date of such Acceptance, the Administrative Agent shall remit to each Bank such Bank's Pro Rata Share of the Acceptance Commission applicable to such Acceptance.
The participation interest of each Acceptance Participant in each Acceptance shall include its Pro Rata Share of the Acceptance Commission applicable to such Acceptance on the Drawing Date of such Acceptance.
At no time shall the interest rate payable on, or Discount Charge or Acceptance Commission with respect to, the Credit Documents, together with the Facility Fee to the extent the same is construed to constitute interest, exceed the maximum rate of interest permitted by law.