Acceptance Commitment. (i) Each Canadian Lender severally agrees, on and subject to the terms and conditions set forth herein: (A) in the case of a Canadian Lender that is able to accept Drafts from McKesson Canada, to create acceptances (each, a “Bankers’ Acceptance”) by accepting Drafts from McKesson Canada and to purchase such Bankers’ Acceptances in accordance with Section 2.04(d); and (B) in the case of a Canadian Lender that has participated all or any part of its interest in the Bankers’ Acceptance Facilities to a participant that is able to accept Drafts from McKesson Canada, to arrange for the creation of Bankers’ Acceptances by such participant and for the purchase of such Bankers’ Acceptances by such participant, to the extent of such participation or assignment, in accordance with Section 2.04(d).
(ii) Each Drawing shall be in an aggregate Face Amount of not less than Cdn.$5,000,000 and in integral multiples of Cdn.$1,000,000 and shall consist of the creation and purchase of Bankers’ Acceptances on the same day, effected or arranged by the Canadian Lenders in accordance with Section 2.04(d), ratably according to their respective Canadian Pro Rata Shares.
(iii) Anything contained in this Agreement to the contrary notwithstanding, the Bankers’ Acceptance Facility and the Canadian Commitments shall be subject to the following limitations:
(A) the amount otherwise available for Drawing under the Aggregate Canadian Commitment as of any time of determination shall be reduced by an amount equal to the Total Canadian Outstandings as of such time of determination;
(B) after any Drawing the Total Outstandings shall not exceed the Aggregate Commitments then in effect;
(C) the issuance of any Bankers’ Acceptance shall not violate any policies of any Canadian Lender applicable to bankers’ acceptances and drawers generally; and
(D) after any Drawing the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments then in effect.
Acceptance Commitment. Subject to the terms and conditions hereof (including, without limitation, the occurrence of the Canadian Trigger Date), each Canadian Lender severally agrees that the Canadian Borrower may issue Acceptances denominated in Canadian Dollars, in minimum denominations of C$100,000 or a whole multiple thereof and in minimum aggregate amounts of C$2,000,000 or any greater whole multiple of C$100,000, each in accordance with the provisions of this Section 2.4 from time to time until the Revolving Loan Commitment Expiration Date with respect to such Canadian Lender; provided, that (A) the Aggregate Canadian Borrower Credit Exposure shall not exceed the Canadian Borrowing Base then in effect, (B) the Aggregate Canadian Credit Exposure shall not exceed the Aggregate Canadian Revolving Loan Commitment at such time, (C) the Aggregate Credit Exposure shall not exceed the sum of the US Borrowing Base and the Canadian Borrowing Base then in effect and (D) the Aggregate Credit Exposure shall not exceed the sum of the Aggregate US Revolving Loan Commitment and the Aggregate Canadian Revolving Loan Commitment at such time; provided, further, that at all times the outstanding aggregate face amount of all Acceptances made by a Canadian Lender shall equal its Canadian Revolving Loan Commitment Percentage of the outstanding face amount of all Acceptances made by all Canadian Lenders. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender's Acceptances; provided that in computing the face amount of Acceptances outstanding, the face amount of an Acceptance in respect of which the Acceptance Obligation has been prepaid by the Canadian Borrower and received by the Canadian Lender that created the same in accordance with the terms of this Agreement shall not be included.
Acceptance Commitment. In addition to requesting Canadian Loans pursuant to subsection 2.1A(ii), Canada Safeway may request pursuant to this Section 4, from time to time during the period from the Closing Date to but excluding the Termination Date, that, under the Canadian Commitments, Canadian Lenders create bankers’ acceptances (each, an “Acceptance”) by accepting Drafts from Canada Safeway in an aggregate amount not exceeding each such Canadian Lender’s Canadian Pro Rata Share of the aggregate amount of the Canadian Commitments to be used for the purposes identified in subsection 4.11; provided that Canada Safeway shall not request the creation and purchase of any Acceptance if, after giving effect thereto, the Total Utilization of Canadian Commitments would exceed the Canadian Commitments then in effect, and no Canadian Lender shall have any obligation to create and purchase any Acceptance if, after giving effect thereto, the Total Utilization of Canadian Commitments of such Canadian Lender would exceed its Canadian Commitment. Each Drawing shall be in an aggregate Face Amount of not less than Cdn.$10,000,000 and in integral multiples of Cdn.$100,000 and shall consist of the creation and purchase of Acceptances by Canadian Lenders on the same day in accordance with subsection 4.4, ratably in accordance with their respective Canadian Pro Rata Shares; provided that if apportionment of Acceptances among the Canadian Lenders cannot be made on a pro rata basis in even multiples of Cdn.$100,000, Canadian Administrative Agent shall round the allocations among Canadian Lenders consistent with Canadian Administrative Agent’s money market practices.
Acceptance Commitment. Subject to the terms and conditions hereof, each Canadian Lender severally agrees that the Canadian Borrower may issue Acceptances denominated in Canadian Dollars, in minimum denominations of Cdn.$100,000 or a whole multiple thereof and in minimum aggregate amounts of Cdn.$5,000,000 or any greater whole multiple of Cdn.$100,000, each in accordance with the provisions of this Section 2.04 from time to time until the Maturity Date with respect to such Canadian Lender in an aggregate face amount that will not result in (i) such Lender's Canadian Exposure exceeding such Lender's Canadian Commitment, (ii) the total Canadian Exposure exceeding the total Canadian Commitments, (iii) the sum of the total U.S. Exposure and the total Canadian Exposure exceeding U.S.$400,000,000 or (iv) the total Canadian Exposure exceeding the Canadian Borrowing Base then in effect plus the excess, if any, of (A) the U.S. Borrowing Base then in effect minus (B) the total U.S. Exposure; provided that at all times the outstanding aggregate face amount of all Acceptances made by a Canadian Lender shall equal its Applicable Percentage of the outstanding face amount of all Acceptances made by all Canadian Lenders. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender's Acceptances; provided that in computing the face amount of Acceptances outstanding, the face amount of an Acceptance in respect of which the Acceptance Obligation has been prepaid by the Canadian Borrower and received by the Canadian Lender that created the same in accordance with the terms of this Agreement shall not be included.
Acceptance Commitment. (a) Upon the terms and subject to the conditions hereof and upon receipt of a duly executed application for the creation of Acceptances substantially in the form of the Notice of Drawing attached hereto as Exhibit C (each, a "Notice of Drawing"), or upon the creation of an Acceptance, arising from a Letter of Credit providing for time drafts, to pay an LOC Reimbursement Obligation, the Agent agrees, from the Closing Date to the Maturity Date, to create Acceptances for the Borrower maturing on a Business Day not less than 30 days or more than 180 days after the creation thereof; provided, however, that at any time (i) the Aggregate Outstanding, the amount of all Acceptance Reimbursement Obligations (other than in respect of Special Finance Bankers Acceptances), the aggregate face amount of all Letters of Credit then outstanding plus the amount of all LOC Reimbursement Obligations may not exceed the Tranche 2 Commitment, (ii) the aggregate amount of Loans outstanding together with the aggregate amount of Special Finance Bankers Acceptances then outstanding plus all Acceptance Reimbursement Obligations with respect to any Special Finance Bankers Acceptances may not exceed the Tranche 1 Commitment and (iii) the maturity date of any such Acceptance may not be more than 120 days beyond the Maturity Date. The bankers acceptances identified on Schedule B hereto shall be deemed to be Acceptances issued by the Agent pursuant to the terms of this Article IIB.
(b) During the term of this Agreement, the Borrower may request Acceptances in accordance with the provisions hereof and of the applicable Notice of Drawing.
(c) Each Acceptance shall be created by the Agent's acceptance of Drafts drawn on it in accordance with the terms of this Agreement and the applicable Notice of Drawing. Each drawing of one or more Drafts (a "Drawing") may be deemed to be a "Special Finance Bankers Acceptance" in accordance with the Agent's customary practice, and shall be created by the Agent on behalf of the Tranche 1
Acceptance Commitment. Subject to the terms and conditions hereof, each Canadian Lender severally agrees that the Canadian Borrower may issue Acceptances denominated in Canadian Dollars, in minimum denominations of C$100,000 or a whole multiple thereof and in minimum aggregate amounts of C$2,000,000 or any greater whole multiple of C$100,000, each in accordance with the provisions of this Section 2.04 from time to time until the Maturity Date with respect to such Canadian Lender; provided, that (A) the US Dollar equivalent of the aggregate Canadian Credit Exposure shall not exceed the aggregate Canadian Commitments at such time and (B) the aggregate Credit Exposure shall not exceed the sum of the aggregate US Commitments and the aggregate Canadian Commitments at such time; provided, further, that at all times the outstanding aggregate face amount of all Acceptances accepted by a Canadian Lender shall, subject to subparagrah (c)(ii) below, equal its Applicable Canadian Percentage of the outstanding face amount of all Acceptances made by all Canadian Lenders. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender’s Acceptances; provided that in computing the face amount of Acceptances outstanding, the face amount of an Acceptance in respect of which the Acceptance Obligation has been prepaid by the Canadian Borrower and received by the Canadian Lender that created the same in accordance with the terms of this Agreement shall not be included.
Acceptance Commitment. I understand and accept all the above provisions and commit to protect and promote the well-being of children and protect the ELOM data when it is in our possession. As the signatory to the full ELOM User Agreement, I take responsibility for ensuring that any associated sta or volunteers are informed of and uphold this agreement.
Acceptance Commitment. The Canadian Borrower may issue Bankers’ Acceptances denominated in Canadian Dollars, for purchase by the Canadian Lenders hereunder, in each case in accordance with the provisions of this Section 3.02; provided that, immediately after each such Bankers’ Acceptance is issued by the Canadian Borrower and purchased by the applicable Canadian Lender, the amount of such Canadian Lender’s Canadian Outstandings shall not exceed the amount of its Canadian Commitment.
Acceptance Commitment. Subject to ------------ ---------------------- the terms and conditions hereof,
(i) each Canadian Lender severally agrees that the Canadian Borrower may issue, and such Lender shall accept, Drafts denominated in Canadian Dollars, in minimum denominations of Cdn.$100,000 or a whole multiple thereof and in minimum aggregate amounts of Cdn.$5,000,000 or any greater whole multiple of Cdn.$1,000,000, each in accordance with the provisions of this Section from time to time until the Maturity Date in an aggregate face amount at any one time outstanding which, together with the aggregate outstanding principal amount of such Canadian Lender's Canadian Prime Rate Loans and Canadian LC Exposure, shall not exceed such Lender's Canadian Commitment; provided, however, that the -------- ------- Canadian Borrower shall not be entitled to request any Acceptance that, if made, would result in more than 10 Acceptance Borrowings outstanding hereunder at any time. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender's Acceptances.
Acceptance Commitment. The Canadian Borrower may issue Bankers’ Acceptances denominated in Canadian Dollars, for purchase by the Canadian Lenders under the Canadian Facility, in each case in accordance with the provisions of this Section 2.03; provided that, immediately after each such Bankers’ Acceptance is issued by the Canadian Borrower and purchased by the applicable Canadian Lender, (x) the amount of such Canadian Lender’s Canadian Outstandings shall not exceed the amount of its Canadian Commitment and (y) the Canadian Total Outstanding Amount shall not exceed the Canadian Maximum Availability.
