Drawing Price means, in respect of Drafts drawn by the Canadian Borrower to be purchased by one or more Lenders on any Drawing Date, the amount by which (i) the result (rounded to the nearest whole cent, with one-half of one cent being rounded up) obtained by dividing the aggregate Face Amount of the Drafts by the sum of one plus the product of (x) the Reference Discount Rate multiplied by (y) a fraction, the numerator of which is the number of days, inclusive of the first day and exclusive of the last day, in the term to maturity of the Drafts and the denominator of which is 365; exceeds (ii) the applicable aggregate Drawing Fee.
Drawing Price means, in respect of each Bankers’ Acceptance and BA Equivalent Note, the result obtained by multiplying (a) the Face Amount of such Bankers’ Acceptance or BA Equivalent Note by (b) the amount (rounded up or down to the fifth decimal place with .000005 being rounded up) determined by dividing one by the sum of one plus the product of (x) the Reference Discount Rate, and (y) a fraction the numerator of which is the number of days to maturity of such Bankers’ Acceptances or BA Equivalent Note, inclusive of the first day and exclusive of the last day of such term, and the denominator of which is 365.
Drawing Price means, in respect of Bankers’ Acceptances or Drafts to be purchased by a Bank or any other Person, the difference between (i) the result (rounded to the nearest whole cent, with one half of one cent being rounded up) obtained by dividing the aggregate Face Amount of the Bankers’ Acceptances or Drafts by the sum of one plus the product of (A) the Discount Rate multiplied by (B) a fraction the numerator of which is the number of days in the term of maturity of the Bankers’ Acceptances or Drafts and the denominator of which is 365, and (ii) the aggregate Applicable Stamping Fee.
Examples of Drawing Price in a sentence
C.2.3: Drawing Price DistortionsDrawing price distortions ξit follows essentially the same principles.
More Definitions of Drawing Price
Drawing Price means, in respect of Bankers’ Acceptances or Drafts to be purchased by one or more Lenders on any Drawing Date, the difference between:
Drawing Price means, in respect of each Bankers’ Acceptance or Draft purchased by a Lender or any other Person, the result obtained by multiplying (a) the aggregate Face Amount of such Bankers’ Acceptance or Draft by (b) the amount (rounded up or down to the fifth decimal place with .000005 being rounded up) determined by dividing one by the sum of one plus the product of (x) the BA Discount Rate, and (y) a fraction the numerator of which is the number of days to maturity of such Bankers’ Acceptance or Draft, inclusive of the first day and exclusive of the last day of such term, and the denominator of which is 365.
Drawing Price means, in respect of Bankers’ Acceptances or Drafts to be purchased by one or more Revolving Credit Lenders on any Drawing Date, the difference between (i) the result (rounded to the nearest whole cent, with one-half of one cent being rounded up) obtained by dividing the aggregate Face Amount of the Bankers’ Acceptances or Drafts by the sum of one plus the product of (x) the Discount Rate multiplied by (y) a fraction, the numerator of which is the number of days, inclusive of the first day and exclusive of the last day, in the term to maturity of the Bankers’ Acceptances or Drafts and the denominator of which is 365; and (ii) the applicable aggregate Drawing Fee.
Drawing Price means, in respect of Bankers' Acceptances or Drafts to be purchased by one or more Lenders on any Drawing Date, the difference between:
Drawing Price means, in respect of Bankers' Acceptances or Drafts to be purchased by a Lender or any other Person, the result obtained by multiplying (i) the aggregate Face Amount of the Bankers' Acceptances or Drafts, by (ii) the amount (rounded up or down to the fifth decimal place with .000005 being rounded up) determined by dividing one by the sum of one plus the product of (x) the Reference Discount Rate, and (y) a fraction the numerator of which is the number of days to maturity of the Bankers' Acceptances and the denominator of which is 365.
Drawing Price means, in respect of Bankers’ Acceptances or Drafts purchased by a Lender or any other Person, the result obtained by multiplying (a) the aggregate Face Amount of the Bankers’ Acceptances or Drafts by (b) the amount (rounded up or down to the fifth decimal place with .000005 being rounded up) determined by dividing one by the sum of one plus the product of (x) the Reference Discount Rate, and (y) a fraction the numerator of which is the number of days to maturity of the Bankers’ Acceptances or Drafts and the denominator of which is 365.
Drawing Price means, in respect of Bankers' Acceptances or Drafts to be purchased by the Lender, the difference between (i) the result (rounded to the nearest whole cent with one-half of one cent being rounded up) obtained by dividing the aggregate Face Amount of the Bankers' Acceptances or Drafts by the sum of one plus the product of (x) the Reference Discount Rate multiplied by (y) a fraction the numerator of which is the number of days in the term of maturity of the Bankers' Acceptances and the denominator of which is 365, and (iii) the Applicable Margin.