Common use of Eligible Bills Clause in Contracts

Eligible Bills. Each Borrower shall ensure that any Xxxx drawn by it and accepted by a Bank is, assuming that the relevant Bank is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.

Appears in 5 contracts

Samples: Syndicated Credit Facility Agreement (Gec Acquisition Corp), Syndicated Credit Facility Agreement (Gec Acquisition Corp), Syndicated Credit Facility (Gec Acquisition Corp)

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Eligible Bills. Each Borrower shall must ensure that any each Xxxx drawn by it and accepted by a Bank Lender is, assuming that the relevant Bank accepting Lender is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.

Appears in 1 contract

Samples: Credit Facility Agreement (Smith & Nephew PLC)

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Eligible Bills. Each Borrower shall ensure that any each Xxxx drawn by it and accepted by a Bank is, assuming that the relevant Bank is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.

Appears in 1 contract

Samples: Facility Agreement (Central Power & Light Co /Tx/)

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