Acceptance Obligation definition

Acceptance Obligation in respect of each Acceptance, the obligation of the relevant Canadian Borrower to pay to the Canadian Revolving Lender that accepted such Acceptance the face amount thereof as required by Section 2.10(e).

Acceptance Obligation with respect to such Acceptance); and

Acceptance Obligation means the obligation of the Company with respect to matured Acceptances as set forth in Section 3.4.

Examples of Acceptance Obligation in a sentence

• If any Acceptance Obligation is not paid when due, it shall bear interest, payable on demand, at a rate per annum equal to 2% over the Canadian Prime Rate in effect from time to time, from the due date thereof to the date of payment thereof.

• If at any time any payment of principal of or interest on any Loan, Bankers' Acceptance Obligation, Letter of Credit Liability or any other amount payable by any Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, the Guarantor's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

• The Borrower is obligated, and hereby unconditionally agrees, to pay in immediately available funds, to the Bank, the face amount of each Acceptance created by the Bank hereunder not later than 3:00 p.m. (Houston time) on the maturity date of such Acceptance (the obligation of tile Borrower under this Section 4.7 with respect to any Acceptance being the 'Acceptance Obligation' with respect to such Acceptance).

• Verdiepend Onderzoek Naleving Acceptatieplicht Door Zorgverzekeraars (In-Depth Investigation into Compliance with Acceptance Obligation by Health Insurers).

• Each of the Borrowers agree that, so long as any Bank has any Commitment hereunder or any amount payable hereunder remains unpaid or any Bankers' Acceptance Obligation or Letter of Credit Liabilities remain outstanding: Information.

More Definitions of Acceptance Obligation

Acceptance Obligation means, in respect of each Acceptance, the obligation of the Borrower in respect thereof to the Acceptance Lender creating such Acceptance to pay the face amount thereof as required by Section 2.05.

Acceptance Obligation means, at any particular time, the obligations of the Company under each Acceptance to pay the amount of each Acceptance, together with all other sums, fees, charges and other amounts which may be owing to the Bank with respect to each Acceptance or with respect to the related Time Draft Letter of Credit to the extent not already paid by the Company.

Acceptance Obligation means, as to each Acceptance, as at any date of determination, all Obligations relating to such Acceptance as at such date, including, without limitation, the obligation of the Borrowers to pay to the Agent the face amount thereof.

Acceptance Obligation means the obligation of the Borrower with respect to matured Acceptances as set forth in Section 2B.04.

Acceptance Obligation with respect to such Acceptance). An Acceptance Borrower shall not repay any Acceptance otherwise than upon the maturity thereof; provided, however, that nothing herein contained shall preclude an Acceptance Borrower from, in its sole discretion, purchasing any outstanding Acceptance in the market from time to time. An Acceptance Borrower shall not claim any days of grace for the payment at maturity of any Acceptance.

Acceptance Obligation means the obligation of the Borrower to pay the face amount of any Acceptance issued by the Issuing Bank in accordance with the terms of this Agreement on or before the maturity date of such Acceptance.

Acceptance Obligation means, in respect of each Acceptance, the obligation of the Canadian Borrower to pay to the Canadian Lender that accepted such Acceptance the face amount thereof as required by Section 2.04(e). "Additional Shrink Amount" shall be calculated on any date only if the Additional Shrink Percentage with respect to grocery, perishable or HBA, as the case may be, on such date is greater than 1% and means, on any date, with respect to grocery, perishable or HBA, as the case may be, an amount that is equal to (a) (i) the amount by which the Additional Shrink Percentage exceeds 1% with respect to grocery, perishable or HBA, respectively, on such date multiplied by total sales (expressed in U.S. Dollars) of grocery, perishable or HBA, respectively, for all Stores for the immediately preceding twelve fiscal monthly periods divided by (ii) twelve, multiplied by (b) the Turnover Rate on such date for grocery, perishable or HBA, respectively, located at the Stores. "Additional Shrink Percentage" shall be applicable solely to grocery, perishable and HBA located at the Stores and means, on any date, with respect to grocery, perishable or HBA, as the case may be, a percentage that is equal to the amount of shrink in retail dollars (aggregated in U.S. Dollars), with respect to grocery, perishable or HBA, respectively, actually incurred by the Stores at which physical inventories were taken by the Loan Parties divided by sales of grocery, perishable or HBA, respectively, in retail dollars (expressed in U.S. Dollars) for the locations at which physical inventories were taken by the Loan Parties, in each case during the immediately preceding 13 four-week fiscal periods.