Common use of Conversion from BA’s Clause in Contracts

Conversion from BA’s. In the case of a Conversion of a Revolving Credit Advance by way of Bankers’ Acceptances into a Canadian Prime Rate Loan, each Lender, in order to satisfy the liability of the Borrower to each Lender for the face amount of the maturing Bankers’ Acceptances, will record the obligation of the Borrower to it as a Canadian Prime Rate Loan, unless the Borrower provides for payment to the Agent for the benefit of the Lenders of the face amount of the maturing Bankers’ Acceptance in some other manner acceptable to the Lenders.

Conversion from BA’s. In the case of a Conversion of a Revolving Credit Advance an Accommodation by way of Bankers’ Acceptances into a Canadian Prime Rate Loan, each Lender, in order to satisfy the liability of the Borrower to each Lender for the face amount of the maturing Bankers’ Acceptances, will record the obligation of the Borrower to it as a Canadian Prime Rate Loan, unless the Borrower provides for payment to the Agent for the benefit of the Lenders of the face amount of the maturing Bankers’ Acceptance in some other manner acceptable to the Lenders.

Conversion from BA’s. In the case of a Conversion of a Revolving Credit Advance an Accommodation by way of Bankers’ Acceptances into a Canadian Prime Rate Loan, each Lender, in order to satisfy the liability of the Borrower to each Lender for the face amount of the maturing Bankers’ Acceptances, will record the obligation of the Borrower to it as a Canadian Prime Rate LoanLoan under the applicable Credit Facility, unless the Borrower provides for payment to the Agent for the benefit of the Lenders under the applicable Credit Facility of the face amount of the maturing Bankers’ Acceptance in some other manner acceptable to the Lenders.

Conversion from BA’s. In the case of a Conversion of a Revolving Credit Advance an Accommodation by way of Bankers’ ' Acceptances into a Canadian Prime Rate Loan, each Lender, in order to satisfy the liability of the Borrower to each such Lender for the face amount of the maturing Bankers’ ' Acceptances, will record the obligation of the Borrower to it as a Canadian Prime Rate Loan, unless the Borrower provides for payment to the Agent for the benefit of the Lenders of the face amount of the maturing Bankers’ ' Acceptance in some other manner acceptable to the Lenders.