Bankers' Acceptance Participation. each Lender will make available to the Borrower its share of Accommodations by way of Bankers' Acceptances (or BA Equivalent Advances) by forwarding to the Agent at the Agent's Account for Payments the amount of: (i) if such Lender is not a Purchasing Lender, the discounted proceeds of sale of such Bankers' Acceptances received by such Lender or the amount of any BA Equivalent Advance (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); or (ii) if such Lender is a Purchasing Lender, the Discount Proceeds in respect of such Bankers' Acceptances and BA Equivalent Advances (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); and
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Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)
Bankers' Acceptance Participation. each Lender will make available to the Borrower its share of Accommodations by way of Bankers' ’ Acceptances (or BA Equivalent Advances) by forwarding to the Agent at the Agent's ’s Account for Payments the amount of:
(i) if such Lender is not a Purchasing Lender, the discounted proceeds of sale of such Bankers' ’ Acceptances received by such Lender or the amount of any BA Equivalent Advance (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); or
(ii) if such Lender is a Purchasing Lender, the Discount Proceeds in respect of such Bankers' ’ Acceptances and BA Equivalent Advances (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); and
Appears in 2 contracts
Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)
Bankers' Acceptance Participation. each Lender will make available to the Borrower its share of Accommodations by way of Bankers' ’ Acceptances (or BA Equivalent Advances) by forwarding to the Agent at the Agent's ’s Account for Payments the amount of:
(i) if such Lender is not a Purchasing Lender, the discounted proceeds of sale of such Bankers' ’ Acceptances received by such Lender or the amount of any BA Equivalent Advance (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); or
(ii) if such Lender is a Purchasing Lender, the Discount Proceeds in respect of such Bankers' ’ Acceptances and BA Equivalent Advances (less, in each case, the amount of applicable fees payable by the Borrower to such Lender pursuant to Section 5.4); and.
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