Acceptance and Purchase of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Lender agrees to either (i) accept Bankers’ Acceptances issued by the Borrower and requested pursuant to Section 3.3, 3.8 or 3.9 and purchase such Bankers’ Acceptances in accordance with Section 12.8; or, (ii) if such Lender is a Non-Acceptance Lender, make BA Equivalent Loans in accordance with Sections 3.5(f) and 12.8.
Acceptance and Purchase of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Bank agrees to accept its Commitment Percentage of Bankers' Acceptances issued by the Company and to purchase same at the applicable Canadian Bankers' Acceptance Discount Rate and to provide to the Paying Agent for the account of the Company the Canadian Bankers' Acceptance Discount Proceeds in respect thereof less the applicable acceptance fees payable by the Company to such Bank pursuant to Section 4.3. Each such Bank may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers' Acceptances purchased by it.