Common use of Acceptance Procedure Clause in Contracts

Acceptance Procedure. With respect to each BA Advance: 5.2.1 The Agent shall promptly notify in writing each Lender of the details of the proposed BA Advance, specifying: 5.2.1.1 for each BA Lender (a) the principal amount of the Bankers’ Acceptances to be accepted by such Lender, and (b) the Designated Period of such Bankers’ Acceptances; and 5.2.1.2 for each Non-BA Lender (a) the principal amount of the Discount Notes to be issued to such Lender and (b) the Designated Period of such Discount Notes. 5.2.2 The Agent shall establish the Bankers’ Acceptance Discount Rate at or about 10:00 a.m. on the Acceptance Date, and the Agent shall promptly determine the amount of the BA Proceeds. 5.2.3 Forthwith, and in any event not later than 11:30 a.m. on the Acceptance Date, the Agent shall indicate to each Lender, in the manner set out in Section 16.5 and to the Borrower: 5.2.3.1 the Bankers’ Acceptance Discount Rate; 5.2.3.2 the amount of the Stamping Fee applicable to the Bankers’ Acceptances to be accepted by such Lender on the Acceptance Date, calculated by multiplying the appropriate percentage determined in accordance with subsection 2.7.1 by the face amount of each Bankers’ Acceptance (taking into account the number of days in the Designated Period), each such Lender being authorized by the Borrower to deduct such Lender’s Stamping Fee out of the BA Proceeds of the Bankers’ Acceptances accepted by it; 5.2.3.3 the BA Proceeds of the Bankers’ Acceptances to be purchased by such Lender on such Acceptance Date; and 5.2.3.4 the amount obtained (the “Available Proceeds”) by deducting the Stamping Fee referred to in subsection 5.2.3.2 from the BA Proceeds mentioned in subsection 5.2.3.3. 5.2.4 Not later than 1:00 p.m. on the Acceptance Date, each Lender shall make available to the Agent its Available Proceeds. 5.2.5 Not later than 3:00 p.m. on the Acceptance Date, subject to the applicable provisions of this Agreement, the Agent shall transfer the Available Proceeds to the Borrower and shall notify the Borrower of the details of the issue.

Acceptance Procedure. With respect to each BA Advance: 5.2.1 The Agent shall promptly notify in writing each Lender of the details of the proposed BA Advance, specifying: 5.2.1.1 for each BA Lender (a) the principal amount of the Bankers’ Acceptances to be accepted by such Lender, and (b) the Designated Period of such Bankers’ Acceptances; and 5.2.1.2 for each Non-BA Lender (a) the principal amount of the Discount Notes to be issued to such Lender and (b) the Designated Period of such Discount Notes. 5.2.2 The Agent shall establish the Bankers’ Acceptance Discount Rate at or about 10:00 a.m. on the Acceptance Date, and the Agent shall promptly determine the amount of the BA Proceeds. 5.2.3 Forthwith, and in any event not later than 11:30 a.m. on the Acceptance Date, the Agent shall indicate to each Lender, in the manner set out in Section 16.5 and to the Borrower: 5.2.3.1 the Bankers’ Acceptance Discount Rate; 5.2.3.2 the amount of the Stamping Fee applicable to the Bankers’ Acceptances to be accepted by such Lender on the Acceptance Date, calculated by multiplying the appropriate percentage determined in accordance with subsection 2.7.1 2.8.1 by the face amount of each Bankers’ Acceptance (taking into account the number of days in the Designated Period), each such Lender being authorized by the Borrower to deduct such Lender’s Stamping Fee out of the BA Proceeds of the Bankers’ Acceptances accepted by it; 5.2.3.3 the BA Proceeds of the Bankers’ Acceptances to be purchased by such Lender on such Acceptance Date; and 5.2.3.4 the amount obtained (the “Available Proceeds”) by deducting the Stamping Fee referred to in subsection 5.2.3.2 from the BA Proceeds mentioned in subsection 5.2.3.3. 5.2.4 Not later than 1:00 p.m. on the Acceptance Date, each Lender shall make available to the Agent its Available Proceeds. 5.2.5 Not later than 3:00 p.m. on the Acceptance Date, subject to the applicable provisions of this Agreement, the Agent shall transfer the Available Proceeds to the Borrower and shall notify the Borrower of the details of the issue.

Acceptance Procedure. With respect to each any BA Advance: 5.2.1 6.2.1 The Agent shall promptly notify in writing each Lender of the details of the proposed BA Advanceissue, specifying: 5.2.1.1 for (a) For each BA Lender Lender, (ai) the principal amount of the Bankers’ Acceptances to be accepted by such Lender, and (bii) the Designated Period of such Bankers’ Acceptances; and 5.2.1.2 for (b) For each Lender which is a Non-BA Lender Lender, (ai) the principal amount of the Discount Notes to be issued to such Lender Lender, and (bii) the Designated Period of such Discount Notes. 5.2.2 6.2.3 The Agent shall establish the Bankers’ Acceptance Discount Rate at or about 10:00 a.m. on the Acceptance Date, and the Agent shall promptly determine the amount of the BA Proceeds. 5.2.3 6.2.4 Forthwith, and in any event not later than 11:30 a.m. A.M. on the Acceptance Date, the Agent shall indicate to each Lender, in the manner set out in Section 16.5 and to the Borrower18.5: 5.2.3.1 (a) the Bankers’ Acceptance Discount Rate; 5.2.3.2 (b) the amount of the Stamping Fee applicable to the those Bankers’ Acceptances to be accepted by such Lender on the Acceptance Date, calculated by multiplying the appropriate percentage determined set out in accordance with subsection 2.7.1 the definition of “Stamping Fee” by the face amount of each Bankers’ Acceptance (taking into account the number of days in the Designated Period), each any such Lender being authorized by the Borrower to deduct such Lender’s collect the Stamping Fee out of the BA Proceeds of the those Bankers’ Acceptances accepted by itAcceptances; 5.2.3.3 (c) the BA Proceeds of the Bankers’ Acceptances to be purchased by such Lender on such Acceptance Date; and 5.2.3.4 (d) the amount obtained (the “Available Proceeds”) by deducting subtracting the Stamping Fee referred to mentioned in subsection 5.2.3.2 6.2.4(b) from the BA Proceeds mentioned in subsection 5.2.3.36.2.4(c). 5.2.4 6.2.5 Not later than 1:00 p.m. P.M. on the Acceptance Date, each Lender shall make available to the Agent its Available Proceeds. 5.2.5 6.2.6 Not later than 3:00 p.m. 4:00 P.M. on the Acceptance Date, subject to the applicable provisions of this Agreement, the Agent shall transfer the Available Proceeds to the Borrower in accordance with Section 8.9 and shall notify the Borrower on such day either by telex, fax or telephone (if by telephone, to be confirmed subsequently in writing) of the details of the issue.

Acceptance Procedure. With respect to each any BA Advance: 5.2.1 6.2.1 The Agent shall promptly notify in writing each Lender of the details of the proposed BA Advanceissue, specifying: 5.2.1.1 for (a) For each BA Lender Lender, (ai) the principal amount of the Bankers’ ' Acceptances to be accepted by such Lender, and (bii) the Designated Period of such Bankers’ ' Acceptances; and 5.2.1.2 for (b) For each Lender which is a Non-BA Lender Lender, (ai) the principal amount of the Discount Notes to be issued to such Lender Lender, and (bii) the Designated Period of such Discount Notes. 5.2.2 6.2.3 The Agent shall establish the Bankers’ ' Acceptance Discount Rate at or about 10:00 a.m. on the Acceptance Date, and the Agent shall promptly determine the amount of the BA Proceeds. 5.2.3 6.2.4 Forthwith, and in any event not later than 11:30 a.m. A.M. on the Acceptance Date, the Agent shall indicate to each Lender, in the manner set out in Section 16.5 and to the Borrower18.5: 5.2.3.1 (a) the Bankers’ ' Acceptance Discount Rate; 5.2.3.2 (b) the amount of the Stamping Fee applicable to the those Bankers’ ' Acceptances to be accepted by such Lender on the Acceptance Date, calculated by multiplying the appropriate percentage determined set out in accordance with subsection 2.7.1 the definition of "Stamping Fee" by the face amount of each Bankers’ ' Acceptance (taking into account the number of days in the Designated Period), each any such Lender being authorized by the Borrower to deduct such Lender’s collect the Stamping Fee out of the BA Proceeds of the those Bankers’ Acceptances accepted by it' Acceptances; 5.2.3.3 (c) the BA Proceeds of the Bankers’ ' Acceptances to be purchased by such Lender on such Acceptance Date; and 5.2.3.4 (d) the amount obtained (the “Available Proceeds”"AVAILABLE PROCEEDS") by deducting subtracting the Stamping Fee referred to mentioned in subsection 5.2.3.2 6.2.4(b) from the BA Proceeds mentioned in subsection 5.2.3.36.2.4(c). 5.2.4 6.2.5 Not later than 1:00 p.m. P.M. on the Acceptance Date, each Lender shall make available to the Agent its Available Proceeds. 5.2.5 6.2.6 Not later than 3:00 p.m. 4:00 P.M. on the Acceptance Date, subject to the applicable provisions of this Agreement, the Agent shall transfer the Available Proceeds to the Borrower in accordance with Section 8.9 and shall notify the Borrower on such day either by telex, fax or telephone (if by telephone, to be confirmed subsequently in writing) of the details of the issue.

Acceptance Procedure. With respect to each any BA Advance: 5.2.1 6.2.1 The Agent shall promptly notify in writing each Lender of the details of the proposed BA Advanceissue, specifying: 5.2.1.1 (a) for each BA Lender Lender, (ai) the principal amount of the Bankers’ ' Acceptances to be accepted by such Lender, and (bii) the Designated Period of such Bankers’ ' Acceptances; and 5.2.1.2 (b) for each Non-BA Lender Lender, (ai) the principal amount of the Discount Notes to be issued to such Lender Lender, and (bii) the Designated Period of such Discount Notes. 5.2.2 6.2.2 The Agent shall establish the Bankers’ ' Acceptance Discount Rate at or about 10:00 a.m. A.M. on the Acceptance Date, and the Agent shall promptly determine the amount of the BA Proceeds. 5.2.3 6.2.3 Forthwith, and in any event not later than 11:30 a.m. A.M. on the Acceptance Date, the Agent shall indicate to each Lender, in the manner set out in Section 16.5 and to the Borrower18.5: 5.2.3.1 (a) the Bankers’ ' Acceptance Discount Rate; 5.2.3.2 (b) the amount of the Stamping Fee applicable to the those Bankers’ ' Acceptances to be accepted by such Lender on the Acceptance Date, calculated by multiplying the appropriate percentage determined set out in accordance with subsection 2.7.1 the applicable row in the definition of "Margin" by the face amount of each Bankers’ ' Acceptance (taking into account the number of days in the Designated Period), each any such Lender being authorized by the Borrower to deduct such Lender’s collect the Stamping Fee out of the BA Proceeds of the those Bankers’ Acceptances accepted by it' Acceptances; 5.2.3.3 (c) the BA Proceeds of the Bankers’ ' Acceptances to be purchased by such Lender on such Acceptance Date; and 5.2.3.4 (d) the amount obtained (the “"Available Proceeds”") by deducting subtracting the Stamping Fee referred to mentioned in subsection 5.2.3.2 6.2.3(b) from the BA Proceeds mentioned in subsection 5.2.3.3.6.2.3(c); 5.2.4 6.2.4 Not later than 1:00 p.m. P.M. on the Acceptance Date, each Lender shall make available to the Agent its Available Proceeds. 5.2.5 6.2.5 Not later than 3:00 p.m. 4:00 P.M. on the Acceptance Date, subject to the applicable provisions of this Agreement, the Agent shall transfer the Available Proceeds to the Borrower in accordance with Section 8.10 and shall notify the Borrower on such day either by fax or telephone (if by telephone, to be confirmed subsequently in writing) of the details of the issue.