Conversion from Bankers’ Acceptances Sample Clauses

Conversion from Bankers’ Acceptances. In order to satisfy the liability of Company to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, Administrative Agent shall record the obligation of Company to the Lenders as a Loan of the type into which such continuing liability has been converted.

Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of a Canadian Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation of the Canadian Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.

Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of Nexen to the Canadian Facility Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Canadian Agent shall record the obligation of Nexen to the Canadian Facility Lenders as a Loan of the type into which such continuing liability has been converted.