Common use of No Market Clause in Contracts

No Market. If the Canadian Agent determines in good faith and notifies the Canadian Borrower in writing that, by reason of circumstances affecting the Canadian money market, there is no market for Bankers’ Acceptances, then the right of the Canadian Borrower to request Bankers’ Acceptance Advances shall be suspended until the Canadian Agent determines that the circumstances causing such suspension no longer exist and the Administrative Agent so notifies the Canadian Borrower. In such circumstances, any Notice of Borrowing for a Bankers’ Acceptance Advance which is outstanding shall be cancelled and the Bankers’ Acceptance Advance requested therein shall, at the option of the Canadian Borrower, either not be made or be made as a Canadian Prime Rate Loan.

No Market. If the Canadian Agent determines in good faith and notifies the Company or any Canadian Borrower in writing that, by reason of circumstances affecting the Canadian money market, there is no market for Bankers’ Acceptances, then the right of the Canadian Borrower Borrowers to request Bankers’ Acceptance Advances shall be suspended until the Canadian Agent determines that the circumstances causing such suspension no longer exist exists and the Administrative Agent so notifies the Company or the Canadian BorrowerBorrowers. In such circumstances, any Funding Notice of Borrowing for a Bankers’ Acceptance Advance which is outstanding shall be cancelled and the Bankers’ Acceptance Advance requested therein shall, at the option of the applicable Canadian Borrower, either not be made or be made as a Canadian Prime Dollar Base Rate Loan.

No Market. If the Canadian Administrative Agent determines in good faith and notifies the Canadian Borrower in writing that, by reason of circumstances affecting the Canadian money market, there is no market for Bankers’ Acceptances, then the right of the Canadian Borrower to request Bankers’ Acceptance Advances shall be suspended until the Canadian Administrative Agent determines that the circumstances causing such suspension no longer exist exists and the Canadian Administrative Agent so notifies the Canadian Borrower. In such circumstances, any Loan Notice of Borrowing for a Bankers’ Acceptance Advance which is outstanding shall be cancelled and the Bankers’ Acceptance Advance requested therein shall, at the option of the Canadian Borrower, either not be made or be made as a Canadian Prime Eurodollar Rate Loan.

No Market. If the Canadian Agent determines in good faith and notifies the Canadian Borrower in writing that, by reason of circumstances affecting the Canadian money market, there is no market for Bankers’ ' Acceptances, then the right of the Canadian Borrower to request Bankers’ ' Acceptance Advances shall be suspended until the Canadian Agent determines that the circumstances causing such suspension no longer exist exists and the Administrative Agent so notifies the Canadian Borrower. In such circumstances, any Notice of Borrowing for a Bankers’ ' Acceptance Advance which is outstanding shall be cancelled and the Bankers’ ' Acceptance Advance requested therein shall, at the option of the Canadian Borrower, either not be made or be made as a Canadian Prime Rate Loan.