Drawing Purchase Price definition

Drawing Purchase Price means, with respect to each Bankers’ Acceptance or Draft to be purchased by any Tranche B Lender at any time, the amount (adjusted to the nearest whole cent or, if there is no nearest whole cent, the next higher whole cent) obtained by dividing (i) the aggregate Face Amount of such Bankers’ Acceptance, by (ii) the sum of (A) one and (B) the product of (1) the Discount Rate applicable to such Tranche B Lender in effect at such time (expressed as a decimal) multiplied by (2) a fraction the numerator of which is the number of days in the term to maturity of such Bankers’ Acceptance or Draft and the denominator of which is 365 days.

Drawing Purchase Price means, in respect of Acceptances to be purchased by a Canadian 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 such Acceptances by the sum of one plus the product of (x) the applicable Average Effective Discount Rate multiplied by (y) a fraction the numerator of which is the term of such Acceptances and denominator of which is 365; and (ii) the applicable Drawing Fee.

Drawing Purchase Price means, with respect to each Bankers' Acceptance to be purchased and/or accepted by any Canadian Lender at any time, the amount (adjusted to the nearest whole cent or, if there is no nearest whole cent, the next higher whole cent) obtained by dividing (i) the aggregate Face Amount of such Bankers' Acceptance, by (ii) the sum of (A) one and (B) the product of (1) the BA Rate in effect at such time (expressed as a decimal fraction) multiplied by (2) a fraction the numerator of which is the number of days in the term to maturity of such Bankers' Acceptance and the denominator of which is 365 days.

Examples of Drawing Purchase Price in a sentence

• All computations of a Drawing Purchase Price shall be made on the basis of a year of 365 days, and the term to maturity of the applicable Draft.

• The failure of any Tranche B Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Tranche B Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to fund the Drawing Purchase Price to be funded or made, as the case may be by such other Tranche B Lender on the date of any Drawing.

• The failure of any Tranche C Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Tranche C Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Tranche C Lender shall be responsible for the failure of any other Tranche C Lender to fund the Drawing Purchase Price to be funded or made, as the case may be by such other Tranche C Lender on the date of any Drawing.

• The failure of any Canadian Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Canadian Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Canadian Lender shall be responsible for the failure of any other Canadian Lender to fund the Drawing Purchase Price to be funded by such other Canadian Lender on the date of any Drawing.

• The work will be conducted in accordance with the Code of Ethics of the Australasian Evaluation Society.

More Definitions of Drawing Purchase Price

Drawing Purchase Price means, with respect to each Bankers’ Acceptance to be purchased by any Canadian Lender at any time, the amount (adjusted to the nearest whole cent or, if there is no nearest whole cent, the next higher whole cent) obtained by dividing (i) the aggregate Face Amount of such Bankers’ Acceptance, by (ii) the sum of (A) one and (B) the product of (1) the BA Rate in effect at such time (expressed as a decimal) multiplied by (2) a fraction the numerator of which is the number of days in the term to maturity of such Bankers’ Acceptance and the denominator of which is 365 days or 366 days, as the case may be.

Drawing Purchase Price means, with respect to each Bankers’ Acceptance to be purchased or BA Equivalent Advance to be made available by any Canadian Revolving Lender on any date, the amount (adjusted to the nearest whole cent or, if there is no nearest whole cent, the next higher whole cent) obtained by dividing (i) the aggregate Face Amount of such Bankers’ Acceptance or BA Equivalent Advance, by (ii) the sum of (A) one and (B) the product of (1) the BA Rate in effect on such date (expressed as a decimal) multiplied by (2) a fraction the numerator of which is the number of days in the term to maturity of such Bankers’ Acceptance or BA Equivalent Advance, as the case may be, and the denominator of which is 365 days or 366 days, as the case may be.

Drawing Purchase Price means, in respect of Acceptances to be purchased by a Canadian 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 such Acceptances by the sum of one plus the product of (x) the applicable Average Effective Discount Rate multiplied by (y) a fraction the numerator of which is the term of maturity of such Acceptances and the denominator of which is 365 (as appropriate given the number of days in the current calendar year); and (ii) the applicable Drawing Fee.

Drawing Purchase Price means, with respect to each Bankers’ Acceptance or Draft to be purchased by any Tranche B Lender at any time, the amount (adjusted to the nearest whole cent or, if there is no nearest whole cent, the next higher whole cent) obtained by dividing (i) the aggregate Face Amount of such Bankers’ Acceptance, by (ii) the sum of (A) one and (B) the product of (1) the Discount Rate applicable to such Tranche B Lender in effect at such time

Drawing Purchase Price means, in respect of Bankers' Acceptances or Drafts to be purchased by a Bank or any other Person, an amount equal to the product of (i) the aggregate Face Amount of such Bankers' Acceptances or Drafts, and (ii) the result (rounded to the nearest whole cent, with one-half of one cent being rounded up) obtained by dividing one by the sum of one plus the product of (x) the relevant Bank's Discount Rate multiplied by (y) a fraction the numerator of which is the number of days in the term of maturity of such Bankers' Acceptances and the denominator of which is 365.

Drawing Purchase Price means, in respect of Acceptances to be purchased by a Canadian 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 such Acceptances by the sum of one plus the product of (x) the applicable Average Effective Discount Rate multiplied by (y) a fraction the numerator of which is the

Drawing Purchase Price means, in respect of Canadian Bankers’ Acceptances hereunder, the difference between (i) the result (rounded to the nearest whole cent, with one-half of one percent being rounded up) obtained by dividing the aggregate Face Amount of such Canadian Bankers’ Acceptance 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 the maturity of such Canadian Bankers’ Acceptance as the case may be and the denominator of which is 365 days; and (ii) the applicable aggregate Drawing Fee.