Days of Grace. The Borrower shall not claim from the Lenders any days of grace for the payment at maturity of any Bankers’ Acceptances presented and accepted by the Lenders pursuant to the provisions of this Agreement. Further, the Borrower waives any defence to payment which might otherwise exist if for any reason a Bankers’ Acceptance shall be held by any Lender in its own right at the maturity thereof.
Appears in 10 contracts
Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee)
Days of Grace. The Borrower shall not claim from the Lenders any days of grace for the payment at maturity of any Bankers’ ' Acceptances presented and accepted by the Lenders pursuant to the provisions of this Agreement. Further, the Borrower waives any defence to payment which might otherwise exist if for any reason a Bankers’ ' Acceptance shall be held by any Lender in its own right at the maturity thereof.
Appears in 3 contracts
Samples: Credit Agreement (Videotron Ltee), Credit Agreement (Videotron 1998 Ltee), Credit Agreement (Cgi Group Inc)
