Canadian Bankers’ Acceptances. (a) Each acceptance and purchase of B/As of a single Contract Period pursuant to Section 2.01 or 2.02 shall be made ratably by the Multicurrency Revolving Lenders in accordance with their Multicurrency Revolving Commitment Percentage. The failure of any Multicurrency Revolving Lender to accept any B/A required to be accepted by it shall not relieve any other Multicurrency Revolving Lender of its obligations hereunder; provided that the Multicurrency Revolving Commitments are several and no Multicurrency Revolving Lender shall be responsible for any other Multicurrency Revolving Lender’s failure to accept B/As as required.
(b) The B/As of a single Contract Period accepted and purchased on any date shall be in an aggregate amount that is an integral multiple of C$1.0 million and not less than C$5.0 million. The face amount of each B/A shall be C$100,000 or any whole multiple thereof. If any Multicurrency Revolving Lender’s ratable share of the B/As of any Contract Period to be accepted on any date would not be an integral multiple of C$100,000, the face amount of the B/As accepted by such Multicurrency Revolving Lender may be increased or reduced to the nearest integral multiple of C$100,000 by the Canadian Agent in its sole discretion. B/As of more than one Contract Period may be outstanding at the same time; provided that there shall not at any time be more than a total of five (5) B/A Drawings outstanding.
(c) To request an acceptance and purchase of B/As, a Canadian Borrower shall notify the Canadian Agent of such request by telephone or by telecopy not later than 10:00 a.m., Local Time, one Business Day before the date of such acceptance and purchase. Each such Loan Notice shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the Canadian Agent of a written request in a form approved by the Canadian Agent and signed by such Canadian Borrower. Each such Loan Notice shall specify the following information:
(i) the aggregate face amount of the B/As to be accepted and purchased;
(ii) the date of such acceptance and purchase, which shall be a Business Day;
(iii) the Contract Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Contract Period” (and which shall in no event end after the Revolving Termination Date); and
(iv) the location and number of the applicable Canadian Borrower’s account to which any funds are to be disbursed, which shall comply with the requir...
Canadian Bankers’ Acceptances. Canadian Borrower may give the Canadian Lender notice that Canadian Bankers’ Acceptances will be required hereunder.
Canadian Bankers’ Acceptances. (a) Subject to the terms and conditions of this Agreement, the Canadian Subsidiary Borrower may present drafts for acceptance and purchase as Canadian B/As by the Canadian Revolving Lender.
(b) No Contract Period with respect to a Canadian B/A shall extend beyond the Termination Date.
(c) To facilitate extensions of credit under the Canadian Revolving Commitment by way of Canadian B/As, the Canadian Subsidiary Borrower hereby appoints the Canadian Revolving Lender as its attorney to sign and endorse on its behalf, in writing or by facsimile or mechanical signature as and when deemed necessary by the Canadian Revolving Lender, blank forms of Canadian B/As. In this respect, it is the Canadian Revolving Lender’s responsibility to maintain an adequate supply of blank forms of Canadian B/As for acceptance under this Agreement. The Canadian Subsidiary Borrower recognizes and agrees that all Canadian B/As signed and/or endorsed on their behalf by the Canadian Revolving Lender shall bind the Canadian Subsidiary Borrower as fully and effectually as if signed in the handwriting of and duly issued by the proper signing officers of the Canadian Subsidiary Borrower. The Canadian Revolving Lender is hereby authorized to issue such Canadian B/As endorsed in blank in such face amounts as may be determined by the Canadian Revolving Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Canadian B/As required to be accepted and purchased by the Canadian Revolving Lender. The Canadian Revolving Lender shall not be liable for any damage, loss or other claim arising by reason of any loss or improper use of any such instrument except the gross negligence or willful misconduct of the Canadian Revolving Lender or its officers, employees, agents or representatives. The Canadian Revolving Lender shall maintain a record with respect to Canadian B/As (a) voided by it for any reason, (b) accepted and purchased by it hereunder and (c) cancelled at their respective maturities. The Canadian Revolving Lender further agrees to retain such records in the manner and for the statutory periods provided in the various provincial or federal statutes and regulations which apply to the Canadian Revolving Lender. The Canadian Revolving Lender agrees to provide such records to the Canadian Subsidiary Borrower at the Canadian Subsidiary Borrower’s expense upon request. On request by or on behalf of the Canadian Subsidiary Borrower, the Canadian Revolving Lender shall c...
Canadian Bankers’ Acceptances. All Acceptances and Acceptance Borrowings shall be made as provided in Annex I and the Canadian Banks and Canadian Borrowers hereby agree to be bound by the terms of Annex I. Annex I is incorporated herein by reference and forms a part of this Agreement.
Canadian Bankers’ Acceptances. (a) Each acceptance and purchase of B/As of a single Contract Period pursuant to Section 2.01(c) or
Canadian Bankers’ Acceptances. (a) Each acceptance and purchase of B/As of a single Contract Period pursuant to Section 2.01 or Section 2.09 shall be made ratably by the Lenders in accordance with their respective Percentage Share. After the Effective Date, no Lender shall have any obligation to accept and purchase or arrange for the purchase of B/As other than as provided in Section 2.09.
(b) The B/As of a single Contract Period accepted and purchased on any date shall be in an aggregate amount that is an integral multiple of Cdn.$1,000,000 and not less than Cdn.$5,000,000. If any Lender’s ratable share of the B/As of any Contract Period to be accepted on any date would not be an integral multiple of Cdn.$100,000, the face amount of the B/As accepted by such Lender may be increased or reduced to the nearest integral multiple of Cdn.$100,000 by the Administrative Agent in its sole discretion. B/As of more than one Contract Period may be outstanding at the same time; provided that there shall not at any time be more than an aggregate amount of fifteen (i) Interest Periods in effect in respect of all Loans outstanding at any time and (ii) Contract Periods in effect in respect of all B/As outstanding at any time.
(c) To request an acceptance and purchase of B/As, the Borrower shall notify the Administrative Agent of such request by telephone or by telecopy not later than 11:00 a.m. (Toronto time) one Business Day before the date of such acceptance and purchase. Each such request shall be irrevocable and shall be in writing (including by facsimile confirmed immediately by telephone), in substantially the form of Exhibit 2.02 specifying:
(i) the aggregate face amount of the B/As to be accepted and purchased;
(ii) the date of such acceptance and purchase, which shall be a Business Day;
(iii) the Contract Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Contract Period” (and which shall in no event end after the Maturity Date). If no Contract Period is specified with respect to any requested acceptance and purchase of B/As, then the Borrower shall be deemed to have selected a Contract Period of 30 days’ duration; and
(iv) the location and number of the Borrower’s account to which any funds are to be disbursed. Promptly following receipt of a request in accordance with this paragraph, the Administrative Agent shall advise each Lender of the details thereof and of the amount of B/As to be accepted and purchased by such Lender.
(d) The Borrower ...
Canadian Bankers’ Acceptances. Subject to the terms and conditions of this Agreement and the Other Agreements, during the Original Term and any Renewal Term, Canadian Lender shall, absent the existence of an Event of Default, at the request of Coast Canada, provide for the creation and purchase of Canadian Bankers’ Acceptances as follows:
Canadian Bankers’ Acceptances. In the case of Bankers' Acceptances, by a Canadian Borrower to the Canadian Administrative Agent not later than 10:00 A.M. (Toronto, Ontario time) on the second Business Day prior to the date requested for creation of the Bankers' Acceptance. Each such request shall be irrevocable and shall specify (A) that creation of a Bankers' Acceptance is requested, (B) the aggregate Face Amount and the applicable term date of 30, 60, 90 or 180 days therefor, and shall be accompanied by the Acceptance Fee relating thereto (unless otherwise withheld pursuant to Section 2.8(e)(ii)). A form of Notice of Borrowing is attached as Schedule 2.2(a)(v). The Canadian Administrative Agent shall give notice to each Canadian Lender promptly upon receipt of each such Notice of Borrowing relating to creation, drawdown, continuation or conversion pursuant this clause (v), the contents thereof and each Canadian Lender's share of the Bankers' Acceptances to be created thereby.
Canadian Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, the Canadian Subsidiary Borrower may present drafts for acceptance and purchase as Canadian B/As by the Canadian Revolving Lender.
Canadian Bankers’ Acceptances