Common use of Conversion or Renewal of Bankers’ Acceptances Clause in Contracts

Conversion or Renewal of Bankers’ Acceptances. Upon the maturity of a Bankers’ Acceptance, McKesson Canada may elect to (A) renew such Bankers’ Acceptance, by giving a Drawing Notice in accordance with Section 2.04(b)(i); or (B) have all or a portion of the Face Amount of such Bankers’ Acceptance converted to a Eurodollar Rate Loan or Canadian Prime Rate Loan, by giving a Committed Loan Notice in accordance with Section 2.02. If the Bankers’ Acceptances to be converted cannot be converted into a Eurodollar Rate Loan or Canadian Prime Rate Loan in an aggregate amount which may be made as a Eurodollar Rate Loan or Canadian Prime Rate Loan, as the case may be, under this Agreement, then the amount which cannot be so converted shall be repaid to the Canadian Administrative Agent for distribution to the Canadian Lenders in accordance with Section 2.04(g) on the date of such conversion.

Conversion or Renewal of Bankers’ Acceptances. Upon the maturity of a Bankers’ ' Acceptance, McKesson Canada the Company and Medis may elect to (Ai) renew such Bankers’ ' Acceptance, by giving a Drawing Notice in accordance with Section 2.04(b)(i2.18(b)(1); or (Bii) have all or a portion of the Face Amount of such Bankers’ ' Acceptance converted to a Eurodollar an Offshore Rate Loan or Canadian Prime Rate Loan, by giving a Committed Loan Notice of Borrowing in accordance with Section 2.022.3. If the Bankers’ ' Acceptances to be converted cannot be converted into a Eurodollar an Offshore Rate Loan or Canadian Prime Rate Loan in an aggregate amount which may be made as a Eurodollar an Offshore Rate Loan or Canadian Prime Rate Loan, as the case may be, under this Agreement, then the amount which cannot be so converted shall be repaid to the Canadian Administrative Agent for distribution to the Facility A Canadian Lenders Banks in accordance with Section 2.04(g2.18(g) on the date of such conversion.