Form of Bankers’ Acceptances. (i) Each Draft presented by McKesson Canada shall (A) be dated the date of the Drawing; (B) mature and be payable by McKesson Canada (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs no less than 30 days nor more than 180 days after the date thereof, which term shall be specified on the Drawing Notice presented by McKesson Canada in accordance with Section 2.04(b)(1); (C) be in a form reasonably acceptable to the Canadian Administrative Agent; and (D) if such Draft is drawn on a Canadian Lender that is a Member, be payable to the Clearing House. (ii) McKesson Canada hereby renounces, and shall not claim, any days of grace for the payment of any Bankers’ Acceptances.
Appears in 5 contracts
Samples: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)
