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. In addition to requesting Tranche A 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 Tranche A Termination Date, that 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 Tranche A Canadian Pro Rata Share of the aggregate amount of the Tranche A 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 Tranche A Canadian Commitments would exceed the Tranche A 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 Tranche A Canadian Commitments of such Canadian Lender would exceed its Tranche A 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.$1,000,000 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 Tranche A 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, Primary Documentation Agent shall round the allocations among Canadian Lenders consistent with Primary Documentation Agent's money market practices. Notwithstanding anything herein to the contrary, the bankers' acceptances (the "EXISTING ACCEPTANCES") described in Appendix A attached to the Indemnity shall be deemed for all purposes hereunder to be Acceptances outstanding under this Agreement and all the terms and obligations set forth herein with respect to Acceptances shall be applicable to the Existing Acceptances.
Acceptance Commitment. In addition to requesting Tranche A Canadian Loans pursuant to subsection 2.1A(ii) and Tranche B Canadian Loans pursuant to subsection 2.1A(iv), Canada Safeway may request pursuant to this Section 4, from time to time during the period from the Closing Date to but excluding the Tranche A Termination Date, that, (i) under the Tranche A Canadian Facility, Canadian Lenders create bankers' acceptances (each, a "TRANCHE A ACCEPTANCE") by accepting Drafts from Canada Safeway in an aggregate amount not exceeding each such Canadian Lender's Tranche A Canadian Pro Rata Share of the aggregate amount of the Tranche A Canadian Commitments or (ii) under the Tranche B Canadian Facility, Canadian Lenders create bankers' acceptances (each, a "TRANCHE B ACCEPTANCE" and together with the Tranche A Acceptances, the "ACCEPTANCES") by accepting Drafts from Canada Safeway in an aggregate amount not exceeding each such Canadian Lender's Tranche B Canadian Pro Rata Share of the aggregate amount of the Tranche B Canadian Commitments, in each case, to be used for the purposes identified in subsection 4.11;
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. I understand and accept all the above provisions and commit to protect and promote the wellbeing of children and protect the ELOM data when it is 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, including the code of conduct for working with children.
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, 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. (a) Upon the terms and subject to the conditions hereof, the Administrative Agent agrees, at any time and from time to time during the Acceptance Availability Period, to create Acceptances for the Company maturing on a Business Day not less than 30 days or more than 90 days after the creation thereof and in any event not later than the last day of the Acceptance Availability Period; provided, however, that at any time during the Revolving Credit Availability Period, (i) Aggregate Outstandings of all Banks shall not exceed the Aggregate Revolving Commitment, and (ii) the sum of (A) each Bank's Pro Rata Share multiplied by the sum of the aggregate unpaid face amount of all unmatured Acceptances and the aggregate amount of all outstanding Acceptance Obligations plus (B) the aggregate unpaid principal amount of such Bank's Committed Loans outstanding hereunder shall not exceed the amount of such Bank's Revolving Commitment which, for purposes of this clause (B), shall be reduced by an amount equal to the product obtained by multiplying such Bank's Pro Rata Share by the aggregate unpaid principal amount of all outstanding Bid Loans.
(b) During the Acceptance Availability Period, the Company may request Acceptances in accordance with the provisions hereof.
(c) Each Acceptance shall be created by the Administrative Agent's acceptance of Drafts drawn on it in accordance with the terms of this Agreement. Each drawing of one or more Drafts on any Drawing Date (a "Drawing") shall be in an aggregate face amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
Acceptance Commitment. Any Borrower may issue Bankers' Acceptances denominated in Canadian Dollars, for purchase by the Canadian Banks under the Canadian Subfacility, in each case in accordance with the provisions of this Section 2.03.
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. 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.
