Days of Grace. No Canadian Borrower shall claim from the Canadian Lenders any days of grace for the payment at maturity of any Bankers’ Acceptances presented and accepted by the Canadian Lenders pursuant to the provisions of this Agreement. Further, each Canadian Borrower waives any defense to payment which might otherwise exist if for any reason a Bankers’ Acceptance shall be held by any Canadian Lender in its own right at the maturity thereof.
Appears in 3 contracts
Samples: Credit Agreement (Macquarie Infrastructure Corp), Revolving Credit Agreement (Macquarie Infrastructure CO LLC), Revolving Credit Agreement (Macquarie Infrastructure CO LLC)
Days of Grace. No The Canadian Borrower shall not claim from the Canadian Lenders any days of grace for the payment at maturity of any Bankers’ Acceptances presented and accepted by the Canadian Lenders pursuant to the provisions of this Agreement. Further, each the Canadian Borrower waives any defense to payment which might otherwise exist if for any reason a Bankers’ Acceptance shall be held by any Canadian Lender in its own right at the maturity thereof.reason
Appears in 2 contracts
Samples: Revolving Credit Agreement (Corn Products International Inc), Revolving Credit Agreement (Corn Products International Inc)
Days of Grace. No The Canadian Borrower Borrowers shall not claim from the Canadian Lenders any days of grace for the payment at maturity of any Bankers’ ' Acceptances presented and accepted by the Canadian Lenders pursuant to the provisions of this Agreement. Further, each of the Canadian Borrower Borrowers waives any defense defence to payment which might otherwise exist if for any reason a Bankers’ ' Acceptance shall be held by any Canadian Lender in its own right at the maturity thereof.
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