Common use of Ineligibility of Acceptance Drafts Clause in Contracts

Ineligibility of Acceptance Drafts. In the event that any ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Agent, forthwith pay to the Agent any additional cost or costs, as determined by the Agent, incurred by the Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.

Ineligibility of Acceptance Drafts. In the event that any Acceptance ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Administrative Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Administrative Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Administrative Agent, forthwith pay to the Administrative Agent any additional cost or costs, as determined by the Administrative Agent, incurred by the Administrative Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Administrative Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Administrative Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.

Ineligibility of Acceptance Drafts. In the event ---------------------------------- that any ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Agent, forthwith pay to the Agent any additional cost or costs, as determined by the Agent, incurred by the Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.

Ineligibility of Acceptance Drafts. In the event that any Acceptance ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Agent, forthwith pay to the Agent any additional cost or costs, as determined by the Agent, incurred by the Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.

Ineligibility of Acceptance Drafts. In the event that any ---------------------------------- Acceptance Draft accepted pursuant to this Agreement does not, for reasons beyond the control of the Agent, comply at the time of its acceptance with applicable regulations of the Board governing bankers' acceptances and would not be eligible under such regulations for discount with a Federal Reserve lender or if for any other reason any Acceptance Draft is deemed by the Agent not eligible for discount, the Borrower will, upon receipt of written notice from the Agent, forthwith pay to the Agent any additional cost or costs, as determined by the Agent, incurred by the Agent (including, without limitation, any costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, any funding costs resulting from a higher discount rate upon disposition of such Acceptance Draft by the Agent, reserve requirements or additional premium liability to the Federal Deposit insurance Corporation) in connection with such Acceptance Draft on account of such noncompliance or ineligibility.