Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime Rate Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note or Letter of Credit, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Loan shall bear interest at the rate and in the manner applicable to Prime Rate Loans under the Facilities.
Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued or made a Bankers' Acceptance or BA Equivalent Note may make a Canadian Prime Rate Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance or BA Equivalent Note; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance or BA Equivalent Note as such becomes due, or to effect the unwinding of such Hedging Agreement. Any such Loan shall bear interest only after the maturity date of such Bankers’ Acceptance or BA Equivalent Note at the rate and in the manner applicable to Canadian Prime Rate Loans under Facility A.
Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, BA Equivalent Note or LIBOR Loan or entered into a Hedge Transaction with the Borrower may make a Prime Rate Loan, Base Rate Loan or U.S. Dollar Prime-Based Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note or LIBOR Loan, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, BA Equivalent Note or LIBOR Loan as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Loan shall bear interest at the rate and in the manner applicable to Prime Rate Loans, Base Rate Loans or U.S. Dollar Prime-Based Loans, as applicable, under Facility 1.
Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued or made a Bankers' Acceptance, BA Equivalent Note, LIBOR Loan or Letter of Credit or entered into a Hedging Agreement with a Borrower may make a Canadian Prime Rate Loan or U.S. Base Rate Loan to such Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note, LIBOR Loan or Letter of Credit, or the amount required to unwind such Hedging Agreement (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, BA Equivalent Note, LIBOR Loan or Letter of Credit as such becomes due, or to effect the unwinding of such Hedging Agreement. Any such Loan shall bear interest at the rate and in the manner applicable to Canadian Prime Rate Loans or U.S. Base Rate Loans, as applicable, under the Facility under which the said Bankers' Acceptance, BA Equivalent Note, LIBOR Loan or Letter of Credit was issued.
Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers’ Acceptance, BA Equivalent Note, CDOR Loan or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime-Based Loan to the Borrower in an amount equal to the face or principal amount of such Bankers’ Acceptance, BA Equivalent Note, CDOR Loan or Letter of Credit, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Prime-Based Loan shall be held by such Lender and used to satisfy the Lender’s obligations under the said Bankers’ Acceptance, BA Equivalent Note, CDOR Loan or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Prime-Based Loan shall bear interest at the rate and in the manner applicable to Prime-Based Loans under the Facilities.
Acceleration of Certain Contingent Obligations. Upon the occurrence and during the continuance of an Event of Default, any Lender which has entered into a Hedging Agreement with the Borrower may make a Prime Rate Loan or Base Rate Loan, as applicable, to the Borrower in an amount equal to the amount required to unwind such Hedging Agreement (such amount to be determined in accordance with the terms thereof); and the proceeds of any such Loan shall be held by such Lender to effect the unwinding of such Hedging Agreement. Any such Loan shall bear interest at the rate and in the manner applicable to Prime Rate Loans or Base Rate Loans, as applicable.
Acceleration of Certain Contingent Obligations. 71 10.04 Combining Accounts, Set-Off................................................................. 71 10.05 Appropriation of Monies..................................................................... 72 10.06
Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default, any Lender which has issued a Bankers' Acceptance, BA Equivalent Note, LIBOR Loan, Fixed-Rate Term Loan or Letter of Credit with the Borrower or entered into a Service Agreement with a Company may make a Canadian Dollar Loan or U.S. Dollar Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note, LIBOR Loan, Fixed-Rate Term Loan or Letter of Credit, or such Company's liability under such Service Agreement, as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lenders' obligations under the said Bankers' Acceptance, BA Equivalent Note, LIBOR Loan, Fixed-Rate Term Loan, Letter of Credit or Service Agreement as such becomes due. Any such Loan made in respect of a Bankers' Acceptance, BA Equivalent Note, LIBOR Loan, Fixed-Rate Term Loan or Letter of Credit shall bear interest at the rate and in the manner applicable to Canadian Dollar Loans under the Credit Facility under which such Bankers' Acceptance, BA Equivalent Note, LIBOR Loan, Fixed-Rate Term Loan or Letter of Credit was issued. Any such Loan made in respect of a Service Agreement shall bear interest at the rate and in the manner applicable to Canadian Dollar Loans under the Credit Facility which provides for the highest interest rate at such time.
Acceleration of Certain Contingent Obligations. 5.02 On the Acceleration Date and from time to time thereafter, the Bank may make a loan to the Borrower in an amount equal to the face amount of any Bankers' Acceptance, or the amount required to unwind any Hedging Agreement (such amount to be determined at such time in accordance with the provisions thereof). The proceeds of any such loan shall be held by the Bank and used to satisfy the Bank's obligations under any such Bankers' Acceptance when due, or to unwind any such Hedging Agreement. Any such loan shall bear interest at the rate and in the manner applicable to direct loans made under the Facility which provides for the highest interest rate at such time.
Acceleration of Certain Contingent Obligations. 5.02 At any time after the Acceleration Date, the Bank may (but shall not be obliged to) at any time and from time to time, upon written notice to the Borrower, make a loan to the Borrower in an amount equal to the face amount of any outstanding Bankers’ Acceptance. Such loan shall bear interest at the highest rate applicable under the Facilities. The Bank shall hold the proceeds of such loan in a deposit account to satisfy the Bank’s obligations under the said contingent obligations upon the maturity thereof.
