Common use of Creation of Bankers’ Acceptances Clause in Contracts

Creation of Bankers’ Acceptances. Upon receipt of a Borrowing Notice requesting a Borrowing by way of Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ Acceptances as either Canadian Borrower shall request provided that: (a) Bankers’ Acceptances shall be issued on a Business Day; (b) each Bankers’ Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Borrower in the relevant Borrowing Notice provided that each Bankers’ Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ Acceptance shall be not less than C$3,000,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ Acceptance shall be in a form acceptable to Canadian Administrative Agent.

Creation of Bankers’ Acceptances. Upon receipt of a -------------------------------- Borrowing Notice requesting a Borrowing by way of Bankers’ ' Acceptances, and subject to the provisions of this Agreement, each Canadian Revolver Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ ' Acceptances as either Canadian Revolver Borrower shall request provided that: (a) Bankers’ ' Acceptances shall be issued on a Business Day; (b) each Bankers’ ' Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Revolver Borrower in the relevant Borrowing Notice provided that each Bankers’ ' Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ ' Acceptance shall be not less than C$3,000,000 500,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ ' Acceptance shall be in a form acceptable to the Canadian Administrative Administration Agent.

Creation of Bankers’ Acceptances. Upon receipt of a Borrowing Notice requesting a Borrowing by way of Bankers’ ' Acceptances, and subject to the provisions of this Agreement, each Canadian Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ ' Acceptances as either Canadian Borrower shall request provided that: (a) Bankers’ ' Acceptances shall be issued on a Business Day; (b) each Bankers’ ' Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Borrower in the relevant Borrowing Notice provided that each Bankers’ ' Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ ' Acceptance shall be not less than C$3,000,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ ' Acceptance shall be in a form acceptable to the Canadian Administrative Agent.

Creation of Bankers’ Acceptances. Upon receipt of a Borrowing Notice requesting a Borrowing by way of Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ Acceptances as either Canadian Borrower shall request provided that: (a) Bankers’ Acceptances shall be issued on a Business Day; (b) each Bankers’ Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Borrower in the relevant Borrowing Notice provided that each Bankers’ Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ Acceptance shall be not less than C$3,000,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ Acceptance shall be in a form acceptable to the Canadian Administrative Agent.

Creation of Bankers’ Acceptances. Upon receipt of a Borrowing Notice requesting a Borrowing by way of Bankers’ ' Acceptances, and subject to the provisions of this Agreement, each Canadian Revolver Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ ' Acceptances as either Canadian Revolver Borrower shall request provided that: (a) Bankers’ ' Acceptances shall be issued on a Business Day; (b) each Bankers’ ' Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Revolver Borrower in the relevant Borrowing Notice provided that each Bankers’ ' Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ ' Acceptance shall be not less than C$3,000,000 500,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ ' Acceptance shall be in a form acceptable to the Canadian Administrative Administration Agent.

Creation of Bankers’ Acceptances. Upon receipt of a Borrowing Notice requesting a Borrowing by way of Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Lender shall accept, in accordance with its Canadian Percentage Share of the requested Borrowing from time to time such Bankers’ Acceptances as either Canadian Working Capital Borrower shall request provided that: (a) Bankers’ Acceptances shall be issued on a Business Day; (b) each Bankers’ Acceptance shall have a term of one, two, three or six months (excluding days of grace), as selected by such Canadian Working Capital Borrower in the relevant Borrowing Notice provided that each Bankers’ Acceptance shall mature on a Business Day; (c) the face amount of each Bankers’ Acceptance shall be not less than C$3,000,000 500,000 and in multiples of C$100,000 for any amounts in excess thereof; and (d) each Bankers’ Acceptance shall be in a form acceptable to the Canadian Administrative Agent.