Common use of Form of Drafts Clause in Contracts

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 a Canadian Revolving Borrower shall (i) be in a minimum Face Amount of Cdn.$l,000,000 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.