Common use of Acceptance and Purchase of Drafts Clause in Contracts

Acceptance and Purchase of Drafts. (i) Not later than 11:00 a.m. (Eastern time) on an applicable Drawing Date, each Canadian Lender shall, as the case may be, (A) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, accept such Drafts, and purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price; and (B) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price. (ii) The failure of any Canadian Lender to accept Drafts or purchase Bankers’ Acceptances as part of any Drawing shall not relieve such Canadian Lender of its obligation, if any, to accept Drafts and purchase Bankers’ Acceptances hereunder, but a Canadian Lender shall not be responsible for the failure of any other Canadian Lender to accept Drafts or purchase Bankers’ Acceptance on the Drawing Date for any Drawing. (iii) The parties hereto agree that in the administering of Bankers’ Acceptances, each Canadian Lender may avail itself of the debt clearing services offered by the Clearing House and that the procedures set forth in Section 2.04 be deemed amended to the extent necessary to comply with the requirements of such debt clearing services. The foregoing sentence applies only to the administration of Bankers’ Acceptances by the Canadian Lenders and shall not affect the rights and obligations of McKesson Canada with respect to any Bankers’ Acceptance.

Acceptance and Purchase of Drafts. (i1) Not later than 11:00 a.m. (Eastern Toronto time) on an applicable Drawing Date, each Facility A Canadian Lender Bank shall, as the case may be, (Ai) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada the Company and Medis in the Drawing Notice, accept such Drafts, and purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price; and (Bii) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada Medis and the Company in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price. (ii2) The failure of any Facility A Canadian Lender Bank to accept Drafts or purchase Bankers’ ' Acceptances or Drafts as part of any Drawing shall not relieve such Facility A Canadian Lender Bank of its obligation, if any, to accept Drafts and purchase Bankers’ ' Acceptances or Drafts hereunder, but a Facility A Canadian Lender Bank shall not be responsible for the failure of any other Facility A Canadian Lender Bank to accept Drafts or purchase Bankers’ ' Acceptance or Drafts on the Drawing Date for any Drawing. (iii3) The parties hereto agree Medis shall ensure that in there is delivered to each Facility A Canadian Bank that is a Member, and such Facility A Canadian Bank is hereby authorized to release the administering of Bankers’ Acceptances, each Canadian Lender may avail itself of the debt clearing services offered ' Acceptance accepted by it to the Clearing House and (or its custodian or the nominee of the Clearing House or its custodian) upon receipt of, confirmation that the procedures set forth in Section 2.04 be deemed amended to Clearing House holds such Bankers' Acceptance for the extent necessary to comply with the requirements account of such debt clearing services. The foregoing sentence applies only to the administration of Bankers’ Acceptances by the Facility A Canadian Lenders and shall not affect the rights and obligations of McKesson Canada with respect to any Bankers’ AcceptanceBank.

Acceptance and Purchase of Drafts. (i) Not later than 11:00 a.m. (Eastern time) on an applicable Drawing Date, each Canadian Lender shall, as the case may be, (A) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, accept such Drafts, and purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price; and (B) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price. (ii) The failure of any Canadian Lender to accept Drafts or purchase Bankers’ Acceptances as part of any Drawing shall not relieve such Canadian Lender of its obligation, if any, to accept Drafts and purchase Bankers’ Acceptances hereunder, but a Canadian Lender shall not be responsible for the failure of any other Canadian Lender to accept Drafts or purchase Bankers’ Acceptance on the Drawing Date for any Drawing. (iii) The parties hereto agree that in the administering of Bankers’ Acceptances, each Canadian Lender may avail itself of the debt clearing services offered by the Clearing House and that the procedures set forth in Section 2.04 be deemed amended to the extent necessary to comply with the requirements of such debt clearing services. The foregoing sentence applies only to the administration of Bankers’ Acceptances by the Canadian Lenders and shall not affect the rights and obligations of McKesson Canada with respect to any Bankers’ Acceptance.clearing

Acceptance and Purchase of Drafts. (i) Not later than 11:00 a.m. (Eastern Toronto time) on an applicable Drawing Date, each Canadian Lender shall, as the case may be, (A) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, accept such Drafts, and purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price; and (B) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price. (ii) The failure of any Canadian Lender to accept Drafts or purchase Bankers’ ' Acceptances as part of any Drawing shall not relieve such Canadian Lender of its obligation, if any, to accept Drafts and purchase Bankers’ ' Acceptances hereunder, but a Canadian Lender shall not be responsible for the failure of any other Canadian Lender to accept Drafts or purchase Bankers’ ' Acceptance on the Drawing Date for any Drawing. (iii) The parties hereto agree that in the administering of Bankers’ ' Acceptances, each Canadian Lender may avail itself of the debt clearing services offered by the Clearing House and that the procedures set forth in Section 2.04 be deemed amended to the extent necessary to comply with the requirements of such debt clearing services. The foregoing sentence applies only to the administration of Bankers’ ' Acceptances by the Canadian Lenders and shall not affect the rights and obligations of McKesson Canada with respect to any Bankers’ ' Acceptance.