Common use of Form of Drafts Clause in Contracts

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.

Appears in 2 contracts

Samples: Abl Credit Agreement (SMART Technologies Inc.), First Lien Credit Agreement (SMART Technologies Inc.)

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Form of Drafts. Each Draft presented by the a Borrower shall (i) be in a minimum amount of $1,000,000 and in an integral multiple of C$$100,000; (ii) be dated the date of the Drawing; , and (iii) mature and be payable by the applicable 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)occurs, at the election of the such Borrower, approximately one, two, or three months after the Drawing Date and on or prior to the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Form of Drafts. Each Draft presented by the a Borrower shall (i) be in a minimum amount of $1,000,000 and in an integral multiple of C$$100,000; (ii) be dated the date of the Drawing; , and (iii) mature and be payable by the applicable 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)occurs, at the election of the such Borrower, approximately one, two, three months or, subject to availability, six months after the Drawing Date and on or prior to the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Form of Drafts. (i) Each Draft presented by the Borrower shall (i) be in a minimum amount of $1,000,000 and 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, 2 or 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, Borrower after the Drawing Date and on or prior to the Maturity Term Date.

Appears in 1 contract

Samples: Sundial Growers Inc.

Form of Drafts. 4. Each Draft presented by the a Borrower shall (i) be in a minimum Face Amount of $500,000 and in an integral multiple of C$$100,000; , (ii) be dated the date of the Drawing; making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by the such Borrower (in common with all other Drafts presented in connection with such DrawingBankers’ Acceptance Loan) 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), 30 days at the election of the Borrower, such Borrower after the Drawing Date and on or prior to the Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Intercreditor Agreement (AbitibiBowater Inc.)

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 (iiiii) 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, Borrower after the Drawing Date and on or prior to the Maturity applicable Commitment Termination Date and which would not, in the opinion of the Administrative Agent, conflict with the applicable Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (American Honda Finance Corp)

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Form of Drafts. Each Draft presented by the Borrower shall (i) be in a minimum amount of CAD$1,000,000 and in an integral multiple of C$100,000; CAD$100,000, (ii) be dated the date of the Drawing; , which shall be a Business Day, 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 1upon expiration of the applicable BA Period for such Draft, 2, 3 or 6 months (or such shorter or longer other period to as agreed upon by the extent available to Borrower and the Revolving Credit Lenders), at the election of the Borrower, after the Drawing Date and on or prior to the applicable Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (DHX Media Ltd.)

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 (iiiii) 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, Borrower after the Drawing Date and on or prior to the Maturity Commitment Termination Date and which would not, in the opinion of the Administrative Agent, conflict with the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (American Honda Finance Corp)

Form of Drafts. Each Draft presented by the a Borrower shall (i) be in an integral multiple of C$Cdn. $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)months, at the election of the Borrower, after the Drawing Date and on or prior to the Maturity earliest Relevant Repayment Date.

Appears in 1 contract

Samples: Subordination Agreement (Entertainment Properties Trust)

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