Common use of Distribution of Bankers’ Acceptances Clause in Contracts

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f) and this Section 2.04 may, in such Lender's sole discretion, be held by such Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 3 contracts

Samples: Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Uniroyal Chemical Co Inc)

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Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(c) and this Section 2.04 2.16 may, in such Canadian Lender's ’s sole discretion, be held by such Canadian Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 3 contracts

Samples: Credit Agreement (Olin Corp), Credit Agreement (Olin Corp), Credit Agreement (Olin Corp)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(e) and this Section 2.04 2.18 may, in such Lender's sole discretion, be held by such Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(c) and this Section 2.04 2.19 may, in such Canadian Lender's sole discretion, be held by such Canadian Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Chemtura CORP)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(e) and this Section 2.04 2.18 may, in such Lender's ’s sole discretion, be held by such Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Revolving Credit Lender in accordance with the terms of Section 2.01(f) 2.05 and this Section 2.04 2.17 may, in such Canadian Revolving Credit Lender's ’s sole discretion, be held by such Canadian Revolving Credit Lender for its own account until the applicable BA Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

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Distribution of Bankers’ Acceptances. Bankers' Acceptances ------------------------------------ purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(d) and this Section 2.04 may, in such Lender's sole discretion, be held by such Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Commercial Aggregates Transportation & Sales LLC)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Lender in accordance with the terms of Section 2.01(f2.01(c) and this Section 2.04 2.19 may, in such Canadian Lender's ’s sole discretion, be held by such Canadian Lender for its own account until the applicable Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Chemtura CORP)

Distribution of Bankers’ Acceptances. Bankers' Acceptances purchased by a Canadian Revolving Lender in accordance with the terms of Section 2.01(f2.01(b) and this Section 2.04 2.03 may, in such Lender's ’s sole discretion, be held by such Canadian Revolving Lender for its own account until the applicable BA Maturity Date or sold, rediscounted or otherwise disposed of by it at any time prior thereto in any relevant market therefor.

Appears in 1 contract

Samples: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)

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