Common use of Depository Bills and Notes Act Clause in Contracts

Depository Bills and Notes Act. Bankers’ Acceptances may be issued in the form of a depository xxxx and deposited with a clearing house, both terms as defined in the Depository Bills and Notes Act. The Agent and the Borrower shall agree on the procedures to be followed, acting reasonably. The Lenders are also authorized to issue depository bills as replacements for previously issued Bankers’ Acceptances, on the same terms as those replaced, and deposit them with a clearing house against cancellation of the previously issued Bankers’ Acceptances.

Depository Bills and Notes Act. Bankers’ ' Acceptances may be issued in the form of a depository xxxx and deposited with a clearing house, both terms as defined in the Depository Bills and Notes Act. The Agent and the Borrower shall agree on the procedures to be followed, acting reasonably. The Lenders are also authorized to issue depository bills as replacements for previously issued Bankers’ ' Acceptances, on the same terms as those replaced, and deposit them with a clearing house against cancellation of the previously issued Bankers’ ' Acceptances.

Depository Bills and Notes Act. Bankers’ ' Acceptances may be issued in the form of a depository xxxx and deposited with a clearing house, both terms as defined in the Depository Bills and Notes ActDEPOSITORY BILLS AND NOTES ACT. The Administrative Agent and the Borrower shall agree on the procedures to be followed, acting reasonably. The Facility A Lenders are also authorized to issue depository bills as replacements for previously issued Bankers’ ' Acceptances, on the same terms as those replaced, and deposit them with a clearing house against cancellation of the previously issued Bankers’ ' Acceptances.

Depository Bills and Notes Act. Bankers’ ' Acceptances may be issued in the form of a depository xxxx bill and deposited with a clearing house, both terms as defined in the Depository Bills and Notes Actix xxe DEPOSITORY BILLS AND NOTES ACT. The Agent and the Borrower shall agree on the procedures to be followed, acting reasonably. The Lenders are also authorized to issue depository bills as replacements for previously issued Bankers’ ' Acceptances, on the same terms as those replaced, and deposit them with a clearing house against cancellation of the previously issued Bankers’ ' Acceptances.

Depository Bills and Notes Act. Bankers’ Acceptances may be issued in the form of a depository xxxx and deposited with a clearing house, both terms as defined in the Depository Bills and Notes Act. The Administrative Agent and the Borrower shall agree on the procedures to be followed, acting reasonably. The Revolving Lenders and Facility B-2 Lenders are also authorized to issue depository bills as replacements for previously issued Bankers’ Acceptances, on the same terms as those replaced, and deposit them with a clearing house against cancellation of the previously issued Bankers’ Acceptances.