Common use of Form of Bankers’ Acceptances Clause in Contracts

Form of Bankers’ Acceptances. (a) Each bankers’ acceptance draft to be tendered by the Borrower for acceptance by a Lender will be drawn on a form acceptable to such accepting Lender. (b) The face amount of any Bankers’ Acceptance shall be Cdn. or U.S. $100,000, as applicable, or any integral multiple thereof. If the face amount of a Bankers’ Acceptance which would otherwise be accepted by a Lender would not be Cdn. or U.S. $100,000, as applicable, or an integral multiple thereof, such face amount shall be increased or decreased by the Agent in its sole discretion to Cdn. or U.S. $100,000, as applicable, or the nearest integral multiple of that amount, as appropriate; provided that the aggregate face amount of the Bankers’ Acceptances to be accepted by a Lender shall not exceed such Lender’s Commitment in effect on such date. (c) The term to maturity of each draft drawn by the Borrower to be accepted as a Bankers’ Acceptance shall, subject to market availability as determined by the Lenders, be the BA Period selected by the Borrower in the relevant Notice of Borrowing, and each Bankers’ Acceptance shall be payable and mature on the last day of the BA Period selected by the Borrower for such Bankers’ Acceptance.

Form of Bankers’ Acceptances. (a) Each bankers’ ' acceptance draft to be tendered by the Borrower for acceptance by a Lender will be drawn on a form acceptable to such accepting Lender. (b) The face amount Face Amount of any Bankers’ ' Acceptance tendered by the Borrower for acceptance by a Lender shall be Cdn. or U.S. $100,000, as applicable, or any integral multiple thereofin a minimum Face Amount stipulated in Section 2.3(a)(vi). If the face amount Face Amount of a Bankers’ ' Acceptance which would otherwise be accepted by a Lender would not be in multiples of Cdn. or U.S. $100,000, as applicable, or an integral multiple thereof, such face amount Face Amount shall be increased or decreased by the Agent in its sole discretion to Cdn. or U.S. $100,000, as applicable, 100,000 or the nearest integral multiple of that amount, as appropriate; provided that the aggregate face amount of the Bankers’ Acceptances to be accepted by a Lender shall not exceed such Lender’s Commitment in effect on such date. (c) The term to maturity of each draft drawn by the Borrower to be accepted as a Bankers’ ' Acceptance shall, subject to market availability as determined by the Lenders, be the BA Period selected by the Borrower in the relevant Notice of BorrowingRollover/Conversion/Repayment, and each Bankers’ ' Acceptance shall be payable and mature on the last day of the BA Period selected by the Borrower for such Bankers’ ' Acceptance.

Form of Bankers’ Acceptances. (a) Each bankers’ ' acceptance draft to be tendered by the Borrower for acceptance by a Lender will be drawn on a form acceptable to such accepting Lender. (b) The face amount of any Bankers’ ' Acceptance shall be Cdn. or U.S. $100,000, as applicable, or any integral multiple thereof. If the face amount of a Bankers’ ' Acceptance which would otherwise be accepted by a Lender would not be Cdn. or U.S. $100,000, as applicable, or an integral multiple thereof, such face amount shall be increased or decreased by the Agent in its sole discretion to Cdn. or U.S. $100,000, as applicable, or the nearest integral multiple of that amount, as appropriate; provided that the aggregate face amount of the Bankers’ ' Acceptances to be accepted by a Lender shall not exceed such Lender’s 's Commitment in effect on such date. (c) The term to maturity of each draft drawn by the Borrower to be accepted as a Bankers’ ' Acceptance shall, subject to market availability as determined by the Lenders, be the BA Period selected by the Borrower in the relevant Notice of Borrowing, and each Bankers’ ' Acceptance shall be payable and mature on the last day of the BA Period selected by the Borrower for such Bankers’ ' Acceptance.