Common use of Creation of Canadian Bankers’ Acceptances Clause in Contracts

Creation of Canadian Bankers’ Acceptances. Upon receipt of a Notice of Canadian Borrowing requesting purchase or acceptance of Canadian Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Bank shall accept, in accordance with its Canadian Pro Rata Share of the requested Canadian Borrowing from time to time such Canadian Bankers’ Acceptances as the Canadian Borrower shall request.

Creation of Canadian Bankers’ Acceptances. Upon receipt of a Notice of Canadian Borrowing requesting purchase or acceptance of Canadian Bankers’ ' Acceptances, and subject to the provisions of this Agreement, each Canadian Bank shall accept, in accordance with its Canadian Pro Rata Share of the requested Canadian Borrowing from time to time such Canadian Bankers’ ' Acceptances as the Canadian Borrower shall request.