Form of Drafts. Each Draft presented by the Borrower shall (i) be in an integral multiple of C$100,000; (ii) be dated the date of the Drawing; and (iii) mature and be payable by the Borrower (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs approximately 1, 2, 3 or 6 months (or such shorter or longer period to the extent available to the Revolving Credit Lenders), at the election of the Borrower, after the Drawing Date and on or prior to the Maturity Date.
Form of Drafts. Each Draft presented by the Canadian Borrower shall (i) be in a minimum Face Amount of Cdn.$l,000,000 and in an integral multiple of Cdn.$100,000, (ii) be dated the date of the making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by the Canadian Borrower (in common with all other Drafts presented in connection with such Bankers’ Acceptance Loan) on a Business Day which occurs approximately 30, 60, 90 or 180 days (or such longer period as the Canadian Sub-Agent may agree) at the election of the Canadian Borrower after the Drawing Date and on or prior to the Revolving Loan Maturity Date.
Form of Drafts. Each Draft presented by the Borrower to the Global Agent shall (i) be in a minimum amount of C$1,000,000 and in integral multiples of C$100,000 thereafter, provided that the Global Agent may, in its sole discretion, increase or decrease any Multicurrency Revolving Lender’s portion of such Draft to the nearest C$1,000; (ii) be dated the date of the Drawing; and (iii) have a Contract Maturity Date and be payable by the Borrower (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs, at the election of the Borrower, approximately one, two, three or six months after the Drawing Date (or such other date as agreed to by the participating Lenders) and on or prior to the Maturity Date (such date being the “Contract Maturity Date”). The Borrower shall select the Contract Maturity Dates of Drafts so there shall be no more than ten (10) separate Contract Maturity Dates in existence at any time. Each Drawing shall consist of the creation and purchase of Bankers’ Acceptances, or the purchase of BA Equivalent Notes, on the same day, in each case for the Drawing Price, by the Multicurrency Revolving Lenders in accordance with Section 2.05(c) and their respective Multicurrency Revolving Commitment Percentages. If the Global Agent determines that the Bankers’ Acceptances to be created and purchased or the BA Equivalent Notes to be purchased in connection with any Drawing (upon a conversion or otherwise) will not be created and purchased ratably by the Applicable Revolving Lenders in accordance with Sections 2.05(a) and 2.05(c), then the requested Face Amount of Bankers’ Acceptances and BA Equivalent Notes shall be reduced to such lesser amount as the Global Agent determines will permit ratable sharing and the amount by which the requested Face Amount shall have been so reduced shall be converted or continued, as the case may be, as a Canadian Prime Rate Loan to be made contemporaneously with the Drawing. The Borrower will ensure that there is delivered to each applicable BA Lender that is a member of a clearing service, and such BA Lender is hereby authorized to release, the Bankers’ Acceptance accepted by it to such clearing service upon receipt of confirmation that such clearing service holds such Bankers’ Acceptance for the account of such BA Lender.
Form of Drafts. Each Draft presented by the Canadian Borrower shall (i) be in an integral multiple of Cdn.$100,000; (ii) be dated the date of the Drawing; and (iii) mature and be payable by the Canadian Borrower (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs 1, 2 or 3, at the election of the Canadian Borrower, after the Drawing Date and on or prior to the Maturity Date. It is the intention of the parties that all Drafts accepted by the Lenders (other than a Lender which elects to accept Banker’s Acceptances in the form of bills of exchange instead of depository bills) under this Agreement shall be issued in the form of a depository bill, be deposited with and be made payable to a “clearing house” (as defined in the Depository Bills and Notes Act (Canada)). The Agent and the Lenders shall effect the following practices and procedures and, subject to the approval of the Majority Lenders, establish and notify the Canadian Borrower and the Lenders of any additional procedures, consistent with the terms of this Agreement and the requirements of the Depository Bills and Notes Act (Canada), as are reasonably necessary to accomplish such intention: (i) each Draft accepted and purchased by a Lender hereunder shall have marked prominently and legibly on its face and within its text, at or before the time of issue, the words “This is a depository bill subject to the Depository Bills and Notes Act”; (ii) any reference to authentication of such Banker’s Acceptance will be removed; and (iii) such Banker’s Acceptance shall not be marked with any words prohibiting negotiation, transfer or assignment of it or of an interest in it.
Form of Drafts. Each Draft presented by the Borrower shall (i) be in a minimum amount of $100,000 and in an integral multiple of $100,000; (ii) be dated the date of the Drawing, and (iii) mature and be payable by the Borrower (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs (subject to availability) approximately 1, 2, 3, or 6 months after the Drawing Date (or such other period of 10 to 180 days as may be available and acceptable to the Administrative Agent), at the election of the Borrower, and on or prior to the last day of the Term of Facility A or of Term Facility C, as the case may be.
Form of Drafts. Drafts tendered by the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, for acceptance by the Alternative Currency Lender shall be in the form provided by the Alternative Currency Lender to the Domestic Borrower or the Canadian Borrower, as applicable, and shall (i) be dated the date of the Canadian BA Borrowing and (ii) mature and be payable by the Domestic Borrower or the Canadian Borrower, as applicable, on the last day of the Canadian Interest Period designated by the Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, with respect to such Drafts. The Domestic Borrower and the Canadian Borrower hereby renounce, and shall not claim, any days of grace for payment of any Acceptances.
Form of Drafts. Each Draft presented by a Borrower shall (i) be in a minimum Face Amount of $500,000 and in an integral multiple of $100,000, (ii) be dated the date of the making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by such Borrower (in common with all other Drafts presented in connection with such Bankers’ Acceptance Loan) on a Business Day which occurs approximately 30, 60, 90 or 180 days (or such longer period as the Administrative Agent and each Lender may agree) at the election of such Borrower after the Drawing Date and on or prior to the Revolving Loan Maturity Date.
Form of Drafts. Each Draft presented by the Borrower shall (i) be in a minimum Face Amount of CAN $1,000,000 and in an integral multiple of CAN $100,000, (ii) be dated the date of the making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by the Borrower (in common with all other Drafts presented in connection with such Bankers’ Acceptance Loan) on a Business Day which occurs approximately 30, 60, 90 or 180 days (or such longer period as the Administrative Agent or Canadian Sub- Agent and each Multicurrency Revolving Credit Lender may agree) at the election of the Borrower after the Drawing Date and on or prior to the Revolving Credit Maturity Date.
Form of Drafts. Each Drawing presented by State or Bracknell, as the case may be, shall (i) be in a minimum amount of Cdn. $2,000,000 and in an integral multiple of Cdn. $1,000,000, (ii) be dated the date of the Drawing, and (iii) mature and be payable by such Borrower (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs approximately 1, 2, 3 or 6 months at the election of the Borrower after the Drawing Date and on or prior to the Relevant Repayment Date and which would not, in the opinion of the Administrative Agent, conflict with the repayment schedule set out in Section 2.04.
Form of Drafts. Each Draft presented by a Canadian Revolving Borrower shall (i) be in a minimum Face Amount of Cdn. $1,000,000 and in an integral multiple of Cdn.$100,000, (ii) be dated the date of the making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by the Canadian Revolving Borrower (in common with all other Drafts presented in connection with such Bankers’ Acceptance Loan) on a Business Day which occurs approximately 30, 60, 90 or 180 days (or such longer period as the Administrative Agent or Canadian Sub-Agent and each Canadian Revolving Lender may agree) at the election of the relevant Canadian Revolving Borrower after the Drawing Date and on or prior to the Revolving Loan Maturity Date.
