Common use of Circumstances Making Bankers’ Acceptances Unavailable Clause in Contracts

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereof, and notifies the Borrower that, by reason of circumstances affecting the money market, there is no market for Bankers’ Acceptances, then:

Appears in 8 contracts

Samples: Credit Agreement (Bowater Inc), Eleventh Amendment and Consent (Bowater Inc), Fourth Amendment (Bowater Inc)

AutoNDA by SimpleDocs

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereof, and notifies the Borrower that, by reason of circumstances affecting the money market, there is no market for Bankers' Acceptances, then:

Appears in 4 contracts

Samples: Third Amendment and Waiver (AbitibiBowater Inc.), Credit Agreement (AbitibiBowater Inc.), Seventh Amendment (AbitibiBowater Inc.)

Circumstances Making Bankers’ Acceptances Unavailable. (a) If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereof, and notifies the Parent Borrower that, by reason of circumstances affecting the money market, there is no market for Bankers’ Acceptances, then:

Appears in 4 contracts

Samples: Credit Agreement (Domtar CORP), Credit Agreement (Domtar CORP), Credit Agreement (Domtar CORP)

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent determines or the Required Lenders determine in good faith, which determination shall constitute prima facie evidence thereofbe final, conclusive and binding upon the Borrower, and the Administrative Agent notifies the Borrower that, by reason of circumstances affecting the money market, market there is no market for Bankers’ AcceptancesAcceptances or the demand for Bankers’ Acceptances is insufficient to allow the sale or trading of the Bankers’ Acceptances created hereunder, then:

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Circumstances Making Bankers’ Acceptances Unavailable. (a) If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereofbe conclusive and binding on the Borrower, and notifies the Borrower that, by reason of circumstances affecting the money market, there is no readily available market for Bankers’ Acceptances, then:

Appears in 1 contract

Samples: Credit Agreement (Precision Drilling Trust)

AutoNDA by SimpleDocs

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereofbe final, conclusive and binding upon the Borrower, and notifies the Borrower that, that by reason of circumstances affecting the money market, there is no market for Bankers' Acceptances, then:

Appears in 1 contract

Samples: Credit Agreement (Black Hawk Merger Sub Inc)

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent determines in good faith, which determination shall constitute prima facie evidence thereofbe final, conclusive and binding upon the Borrower, and notifies the Borrower that, by reason of circumstances affecting the money market, market there is no market for Bankers’ AcceptancesAcceptances or the demand for Bankers’ Acceptances is insufficient to allow the sale or trading of the Bankers’ Acceptances created hereunder, then:

Appears in 1 contract

Samples: Credit Agreement (Quest Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!