Common use of Acceptance of Bankers’ Acceptances Clause in Contracts

Acceptance of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Lender hereby agrees to accept its Lender’s Proportion of Bankers’ Acceptances issued by the Borrower pursuant to Sections 3.4, 3.12 and 3.13. The Borrower shall market all Bankers’ Acceptances accepted by the Lenders on its own (except for Old System Issuers which shall in all instances purchase the Bankers’ Acceptances accepted by them) unless it elects, pursuant to Section 3.6(h), to require the applicable Lenders referred to in Section 3.6(h) to purchase such Bankers’ Acceptances at the applicable Discount Rate and provide to the Agent for the account of the Borrower the Discount Proceeds less the applicable fees payable to the Borrower to such Lender pursuant to Section 5.4. Notwithstanding that the Borrower has not elected to have the Lenders purchase Bankers’ Acceptances issued by it, the Borrower may request that any Lender quote for the purchase of Bankers’ Acceptances accepted by any Lender and any such Lender may or may not so quote; provided that in such circumstances nothing herein shall obligate any such Lender to purchase Bankers’ Acceptances or require the Borrower to sell Bankers’ Acceptances to any such Lender. Any Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ Acceptances purchased by it.

Acceptance of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Lender hereby agrees to accept its Lender’s 's Proportion of Bankers’ ' Acceptances issued by the Borrower pursuant to Sections 3.4, 3.12 and 3.13. The Borrower shall market all Bankers’ ' Acceptances accepted by the Lenders on its own (except for Old System Issuers which shall in all instances purchase the Bankers’ ' Acceptances accepted by them) unless it elects, pursuant to Section 3.6(h), to require the applicable Lenders referred to in Section 3.6(h) to purchase such Bankers’ ' Acceptances at the applicable Discount Rate and provide to the Agent for the account of the Borrower the Discount Proceeds less the applicable fees payable to the Borrower to such Lender pursuant to Section 5.4. Notwithstanding that the Borrower has not elected to have the Lenders purchase Bankers’ ' Acceptances issued by it, the Borrower may request that any Lender quote for the purchase of Bankers’ ' Acceptances accepted by any Lender and any such Lender may or may not so quote; provided that in such circumstances nothing herein shall obligate any such Lender to purchase Bankers’ ' Acceptances or require the Borrower to sell Bankers’ ' Acceptances to any such Lender. Any Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ ' Acceptances purchased by it.

Acceptance of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Lender hereby agrees to accept its Lender’s Proportion Pro-Rata Share of Bankers’ ' Acceptances issued by the Borrower pursuant to Sections 3.4, 3.12 3.5 and 3.133.18. The Borrower Lenders shall market purchase all Bankers’ ' Acceptances accepted by the such Lenders on its own (except for Old System Issuers which shall in all instances purchase the Bankers’ Acceptances accepted by them) unless it elects, pursuant to Section 3.6(h), to require the applicable Lenders referred to in Section 3.6(h) to purchase such Bankers’ Acceptances at the applicable Discount Rate and provide to the Agent for the account of the Borrower the Discount Proceeds less the applicable fees Acceptance Fees payable to by the Borrower to such Lender unless the Borrower elects, pursuant to Section 5.43.7(h), to market on its own all Bankers' Acceptances accepted by such Lenders (except for Old System Issuers which shall in all instances purchase the Bankers' Acceptances accepted by them). Notwithstanding that the Borrower has not elected to have market on its own the Lenders purchase Bankers’ ' Acceptances issued by it, the Borrower may request that any Lender quote for the purchase of Bankers’ ' Acceptances accepted by any such Lender and any such Lender may or may not so quote; provided that in such circumstances nothing herein shall obligate any such Lender to purchase Bankers’ ' Acceptances or require the Borrower to sell Bankers’ ' Acceptances to any such Lender. Any Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ ' Acceptances purchased by it.

Acceptance of Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, each Lender hereby agrees to accept its Lender’s Proportion of Bankers’ Acceptances issued by the Borrower pursuant to Sections 3.43.3, 3.12 3.9 and 3.133.10. The Borrower shall market all Bankers’ Acceptances accepted by the Lenders on its own (except for Old System Issuers which shall in all instances purchase the Bankers’ Acceptances accepted by them) unless it elects, pursuant to Section 3.6(h3.5(h), to require the applicable Lenders referred to in Section 3.6(h3.5(h) to purchase such Bankers’ Acceptances at the applicable Discount Rate and provide to the Agent for the account of the Borrower the Discount Proceeds less the applicable fees payable to the Borrower to such Lender pursuant to Section 5.4. Notwithstanding that the Borrower has not elected to have the Lenders purchase Bankers’ Acceptances issued by it, the Borrower may request that any Lender quote for the purchase of Bankers’ Acceptances accepted by any Lender and any such Lender may or may not so quote; provided that in such circumstances nothing herein shall obligate any such Lender to purchase Bankers’ Acceptances or require the Borrower to sell Bankers’ Acceptances to any such Lender. Any Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ Acceptances purchased by it.