Best Buy 2003 Annual Report Download - page 59
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9.2.2 at the time of presentation for acceptance of each Bankers’ Acceptance, a stamping fee of 1.50%
per annum of the face amount of each Bankers’ Acceptance calculated over the term thereof;
9.2.3 a monthly standby fee equal to 0.125% per annum of that portion of the Operating Loan which
remains un−utilized on a daily basis, such fee to be calculated daily and payable on the last day of each
month during the Operating Term;
9.2.4 a fee of 0.10% of the principal amount authorized and available under the Operating Loan
upon the annual renewal of the Loans; and
9.2.5 the Bank’s prevailing activity fees existing from time to time in respect of such matters as
extensions of review dates due to delay in delivery of financial information, late management information
systems reporting, and the Bank’s additional requirements such as interim applications;
Notwithstanding anything to the contrary contained herein, the Bank may, at its discretion, make an advance under the Operating
Loan, or make a reduction from an advance otherwise requested under the Operating Loan, to pay any interest or fees which have
become due and payable under the terms of this Offer Letter.
10. Loan Documents:
The Loans and the Borrower’s liabilities and obligations hereunder shall be evidenced and supported by the following documents (the
“Loan Documents”) completed in a form and content satisfactory to the Bank’s solicitors:
10.1. line of credit by way of current account overdraft agreement for execution by the
Borrower in the principal amount of CDN $50,000,000;
10.2. agreement for U.S. Dollar line of credit by way of account overdraft for
execution by the Borrower in the principal amount of the United States Dollar
Equivalent of CDN $50,000,000;
10.3. Depository Bills Agreement in respect of Bankers’ Acceptances for execution by
the Borrower;
10.4. Power of Attorney in respect of Bankers’ Acceptances for execution by the
Borrower;
10.5. Application and indemnity agreements for execution by the Borrower in respect
of the issuance of Letters of Credit under the Documentary Credit Sub−Facility;