Common use of Bankers’ Acceptance and B/ Clause in Contracts

Bankers’ Acceptance and B/. A each means a bill of exchange, including a depository bill issued in accordance with the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by the Borrower and accepted by a Lender.

Appears in 2 contracts

Samples: Bridge and Term Loan Credit Agreement, Bridge and Term Loan Credit Agreement

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Bankers’ Acceptance and B/. A each means means, as applicable, a bill bxxx of exchangeexchange within the meaning of the Bills of Exchange Act (Canada) denominated in Canadian Dollars, including drawn by the Borrower and accepted by a Lender, and includes a Discount Note, and a depository bill bxxx issued in accordance with the Depository Bills and Notes Act (Canada), denominated as amended from time to time, substantially in Canadian Dollars, drawn by the Borrower and accepted by a Lenderform of Schedule 1.1(20).

Appears in 1 contract

Samples: Credit Agreement (Quest Capital Corp)

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Bankers’ Acceptance and B/. A each means a bill xxxx of exchange, including a depository bill xxxx issued in accordance with the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by the Borrower and accepted by a Lender.

Appears in 1 contract

Samples: Bridge and Term Loan Credit Agreement

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