Common use of Acceptance Commitments Clause in Contracts

Acceptance Commitments. (a) Subject to the terms and conditions hereof, each Canadian Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Lender would be greater than or equal to zero and (ii) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate U.S. Revolving Credit Commitments. (b) The Canadian Borrower may utilize the Canadian Revolving Credit Commitments in the manner contemplated by this Section 6 by authorizing each Canadian Lender in the manner provided for in subsection 6.2(b) to draw Drafts on such Canadian Lender and having such Drafts accepted pursuant to subsection 6.2, paying its obligations with respect thereto pursuant to subsection 6.5, and again, from time to time, authorizing Drafts to be drawn on the Canadian Lenders and having them presented for acceptance, all in accordance with the terms and conditions of this Section 6. (c) For the purposes of this Agreement, all Acceptances shall be considered a utilization of the Canadian Revolving Credit Commitments in an amount equal to the undiscounted face amount of such Acceptance.

Acceptance Commitments. (a) Subject to the terms and conditions hereof, each Canadian Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Lender would be greater than or equal to zero and (ii) the Aggregate Total Revolving Outstandings of all Lenders do not exceed the Aggregate U.S. Revolving Credit Commitments. (b) The Canadian Borrower may utilize the Canadian Revolving Credit Commitments in the manner contemplated by this Section 6 by authorizing each Canadian Lender in the manner provided for in subsection 6.2(b) to draw Drafts on such Canadian Lender and having such Drafts accepted pursuant to subsection 6.2, paying its obligations with respect thereto pursuant to subsection 6.5, and again, from time to time, authorizing Drafts to be drawn on the Canadian Lenders and having them presented for acceptance, all in accordance with the terms and conditions of this Section 6. (c) For the purposes of this Agreement, all Acceptances shall be considered a utilization of the Canadian Revolving Credit Commitments in an amount equal to the undiscounted face amount of such Acceptance.

Acceptance Commitments. (a) Subject to the terms and conditions ---------------------- hereof, each Canadian Revolving Credit Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Canadian Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Revolving Credit Lender would be greater than or equal to zero and (ii) the Aggregate Total Outstandings Canadian Revolving Extensions Credit of all Lenders do would not exceed the Aggregate U.S. Revolving Credit CommitmentsBorrowing Base of the Canadian Borrower. (b) The Canadian Borrower may utilize the Canadian Revolving Credit Commitments in for the manner contemplated by this Section 6 creation of Acceptances by authorizing each Canadian Revolving Credit Lender in the manner provided for in subsection 6.2(bSection 5.7(b) to draw Drafts on such Canadian Revolving Credit Lender and having such Drafts accepted pursuant to subsection 6.2Section 5.7, paying its obligations with respect thereto pursuant to subsection 6.5Section 5.11, and again, from time to time, authorizing Drafts to be drawn on the Canadian Revolving Credit Lenders and having them presented for acceptance, all in accordance with the terms and conditions of this Section 6hereof. (c) For the purposes of this Agreement, all Acceptances shall be considered a utilization of the Canadian Revolving Credit Commitments in an amount equal to the undiscounted face amount of such Acceptance.

Acceptance Commitments. (a) Subject to the terms and conditions ---------------------- hereof, each Canadian Revolving Credit Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Canadian Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Revolving Credit Lender would be greater than or equal to zero and (ii) the Aggregate Total Outstandings Canadian Revolving Extensions Credit of all Lenders do would not exceed the Aggregate U.S. Revolving Credit CommitmentsBorrowing Base of the Canadian Borrower. (b) The Canadian Borrower may ma y utilize the Canadian Revolving Credit Commitments in for the manner contemplated by this Section 6 creation of Acceptances by authorizing each Canadian Revolving Credit Lender in the manner provided for in subsection 6.2(bSection 5.7(b) to draw Drafts on such Canadian Revolving Credit Lender and having such Drafts accepted pursuant to subsection 6.2Section 5.7, paying its obligations with respect thereto pursuant to subsection 6.5Section 5.11, and again, from time to time, authorizing Drafts to be drawn on the Canadian Revolving Credit Lenders and having them presented for acceptance, all in accordance with the terms and conditions of this Section 6hereof. (c) For the purposes of this Agreement, all Acceptances shall be considered a utilization of the Canadian Revolving Credit Commitments in an amount equal to the undiscounted face amount of such Acceptance.

Acceptance Commitments. (a) Subject to the terms and conditions hereof, each Canadian Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as Borrower; provided that no Canadian Lender shall be obligated to accept any Draft if, after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such any Canadian Lender would be greater less than zero or equal to zero and (ii) the Aggregate Total Outstandings of all Lenders do not would exceed the Aggregate U.S. Revolving Credit Commitments. (b) The Canadian Borrower may utilize the Canadian Revolving Credit Commitments in the manner contemplated by this Section 6 by authorizing each Canadian Lender in the manner provided for in subsection 6.2(b) to draw Drafts on such Canadian Lender and having such Drafts accepted pursuant to subsection 6.2, paying its obligations with respect thereto pursuant to subsection 6.5, and again, from time to time, authorizing Drafts to be drawn on the Canadian Lenders and having them presented for acceptance, all in accordance with the terms and conditions of this Section 6. (c) For the purposes of this AgreementAgreement but subject to the provisions of Part C of Annex A, all Acceptances shall be considered a utilization of the Canadian Revolving Credit Commitments in an amount equal to the undiscounted face amount of such Acceptance.