Issuance of Bankers' Acceptances. Promptly following receipt of a Bankers’ Acceptance Notice, the Canadian Agent shall so advise the Canadian Banks of the face amount of each Bankers’ Acceptance to be accepted by it and the term thereof. The aggregate face amount of Bankers’ Acceptances to be accepted by a Canadian Bank shall be determined by the Canadian Agent by reference to the respective Canadian Commitments of the Canadian Banks, except that, if the face amount of a Bankers’ Acceptance, which would otherwise be accepted by a Canadian Bank, would not be C$100,000 or an integral multiple thereof, such face amount shall be increased or reduced by the Canadian Agent in its sole and absolute discretion to the nearest integral multiple of C$100,000.
Issuance of Bankers' Acceptances. Promptly following receipt of a notice of borrowing, conversion or continuation by way of Bankers’ Acceptances, the Administrative Agent shall so advise the Canadian Lenders and shall advise each Canadian Lender of the Face Amount of each Bankers’ Acceptance to be accepted by it and the term thereof. The aggregate Face Amount of Bankers’ Acceptances to be accepted by a Canadian Lender shall be determined by the Administrative Agent by reference to the respective Canadian RL Percentages of the Canadian Lenders, except that, if the Face Amount of any Bankers’ Acceptance that would otherwise be accepted by a Canadian Lender would not be Cdn $100,000 or a multiple thereof, such Face Amount shall be increased or reduced by the Administrative Agent in its sole discretion to the nearest multiple of Cdn $100,000. Notwithstanding the foregoing, if by reason of any increase or reduction described in the immediately preceding sentence, any Canadian Lender shall have aggregate Canadian Revolving Loans in excess of its respective Canadian RL Percentage of the total outstanding Canadian Revolving Loans for all the Canadian Lenders (any such Lender being herein called an “Over-Allotted Lender”), then at any time following the occurrence and during the continuance of an Event of Default, each other Canadian Lender agrees, upon request of the Over-Allotted Lender, to promptly purchase from such Over-Allotted Lender participations in (or, if and to the extent specified by any such purchasing Lender, direct interests in) the Bankers’ Acceptances Loans and Canadian Prime Rate Loans owing to the Over-Allotted Lender (and in interest due thereon, as the case may be) in such amounts, and to make such other adjustments from time to time as shall be equitable, to the end that all the Canadian Lenders shall hold the Bankers’ Acceptances Loans and Canadian Prime Rate Loans ratably according to their respective Canadian RL Percentages.
Issuance of Bankers' Acceptances. Promptly following receipt of a notice of borrowing by way of Bankers' Acceptances, the Canadian Administrative Agent shall so advise the C$ Banks and shall advise each C$ Bank of the face amount of each Bankers' Acceptance to be accepted by it and the term thereof. The aggregate face amount of Bankers' Acceptances to be accepted by a C$ Bank shall be determined by the Canadian Administrative Agent by reference to the respective Canadian Commitments of the C$ Banks, except that, if the face amount of a Bankers' Acceptance, which would otherwise be accepted by a C$ Bank, would not be C$100,000 or an integral multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole and unfettered discretion to the nearest integral multiple of C$100,000.
Issuance of Bankers' Acceptances. Promptly following receipt of -------------------------------- a notice of borrowing by way of Bankers' Acceptances, the Canadian Administrative Agent shall so advise the C$ Lenders and shall advise each C$ Lender of the face amount of each Draft to be accepted by it and the term thereof. The aggregate face amount of Drafts to be accepted by a C$ Lender shall be determined by the Canadian Administrative Agent on a pro rata basis by reference to the respective Canadian Commitments of the C$ Lenders, except that, if the face amount of a Draft which would otherwise be accepted by a C$ Lender would not be C$100,000 or a whole multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole and unfettered discretion to the nearest whole multiple of C$100,000.
Issuance of Bankers' Acceptances. Promptly following receipt of a notice of borrowing by way of Bankers’ Acceptances, the Canadian Administrative Agent shall so advise the Canadian Dollar Lenders and shall advise each Canadian Dollar Lender of the face amount of each Draft to be accepted by it and the term thereof. The aggregate face amount of Drafts to be accepted by a Canadian Dollar Lender shall be determined by the Canadian Administrative Agent on a ratable basis by reference to the respective Canadian Commitments of the Canadian Dollar Lenders, except that, if the face amount of a Draft which would otherwise be accepted by a Canadian Dollar Lender would not be C$100,000 or a whole multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole and unfettered discretion to the nearest whole multiple of C$100,000.
Issuance of Bankers' Acceptances. Promptly following receipt of a notice of borrowing by way of Bankers' Acceptances, the Canadian Administrative Agent shall so advise the C$ Lenders and shall advise each C$ Lender of the face amount of each Draft to be accepted by it and the term thereof. The aggregate face amount of Draft to be accepted by a C$ Lender shall be determined by the Canadian Administrative Agent on a pro rata basis by reference to the respective Canadian Revolving Credit Commitments or, in the case of the initial borrowing of Canadian Tranche A Term Loans, the Canadian Tranche A Term Loan Commitments, of the C$ Lenders, except that, if the face amount of a Bankers' Acceptance, which would otherwise be accepted by a C$ Lender, would not be C$100,000 or a whole multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole and unfettered discretion to the nearest whole multiple of C$100,000.
Issuance of Bankers' Acceptances. Promptly following receipt of a Canadian Bankers Acceptance Notice, the Agent shall so advise the Canadian Lenders of the face amount of each Canadian Bankers Acceptance to be accepted by it and the term thereof. The aggregate face amount of Canadian Bankers Acceptances to be accepted by a Canadian Lender shall be determined by the Agent by reference to the respective Pro Rata Shares of the Canadian Revolving Credit Sublimit and the respective Term Loan Commitments of the Canadian Lenders, except that, if the face amount of a Bankers Acceptance, which would otherwise be accepted by a Canadian Bank, would not be C$100,000.00 or an integral multiple thereof, such face amount shall be increased or reduced by the Agent in its sole and unfettered discretion to the nearest integral multiple of C$100,000.00.
Issuance of Bankers' Acceptances. Promptly following receipt of a notice of borrowing, conversion or continuation by way of Bankers’ Acceptances, the Administrative Agent shall so advise the Alternate Currency RL Lenders with a Primary Alternate Currency Revolving Sub-Commitment and shall advise each such Alternate Currency RL Lender of the Face Amount of each Bankers’ Acceptance to be accepted by it and the term thereof. The aggregate Face Amount of Bankers’ Acceptances to be accepted by an Alternate Currency RL Lender shall be determined by the Administrative Agent by reference to the respective Alternate Currency RL Percentages related to the Primary Alternate Currency Revolving Sub-Tranche of the Alternate Currency RL Lenders, except that, if the Face Amount of the Bankers’ Acceptance, that would otherwise be accepted by an Alternate Currency RL Lender, would not be Cdn. $100,000 or a multiple thereof, such Face Amount shall be increased or reduced by the Administrative Agent in its sole discretion to the nearest multiple of Cdn. $100,000. Notwithstanding the foregoing, if by reason of any increase or reduction described in the immediately preceding sentence, any Alternate Currency RL Lender shall have aggregate Bankers’ Acceptances and Alternate Currency Revolving Loans in excess of its respective Alternate Currency RL Percentage related to the Primary Alternate Currency Revolving Sub-Tranche of the total outstanding Bankers’ Acceptances and Alternate Currency Revolving Loans for all the Alternate Currency RL Lenders related to the Primary Alternate Currency Revolving Sub-Tranche (any such Lender being herein called an “Over-Allotted Lender”), then at any time following the occurrence and during the continuance of an Event of Default, each other Alternate Currency RL Lender which has a Primary Alternate Currency Revolving Sub-Commitment agrees, upon request of the Over-Allotted Lender, to promptly purchase from such Over-Allotted Lender participations in (or, if and to the extent specified by any such purchasing Lender, direct interests in) the Bankers’ Acceptances and Alternate Currency Revolving Loans owing to the Over-Allotted Lender (and in interest due thereon, as the case may be) in such amounts, and to make such other adjustments from time to time as shall be equitable, to the end that all the Alternate Currency RL Lenders shall hold the Bankers’ Acceptances and Alternate Currency Revolving Loans ratably according to their respective Alternate Currency RL Percentages related to...
Issuance of Bankers' Acceptances. Promptly following receipt of a Bankers' Acceptance Notice, the Agent shall so advise the Banks of the face amount of each Bankers' Acceptance to be accepted by it and the term thereof. Subject to the terms and conditions hereof, each Bank severally agrees that it shall participate in any Bankers' Acceptance upon notification by the Agent that it has received an application for acceptance and discounting bill xx exchange in form and substance satisfactory to the Agent. The Agent agrees to furnish each Bank with a copy of each Bankers' Acceptance promptly after issuance. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever to the extent of such Bank's Commitment Percentage (except that, if the face amount of a Bankers' Acceptance, which would otherwise be accepted by a Bank, would not be $500,000 or an integral multiple thereof, such face amount may be increased or reduced by the Agent in its sole and absolute discretion to the nearest integral multiple of $100,000) to reimburse the Agent on demand for the amount of each draft paid by the Agent under each Bankers' Acceptance to the extent such amount is not reimbursed by the Company pursuant to this Section 4 hereof (each such amount for a Bank being called herein the "Bankers' Acceptance Participation" of such Bank). Each such payment made by a Bank shall be treated as the purchase of such Bank of a participating interest in the Company's reimbursement obligation under Section 4.2 hereof in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to Section 4.3 hereof.
Issuance of Bankers' Acceptances. The Canadian Administrative Agent, promptly following receipt of a notice of Advance by way of Bankers' Acceptances, shall so advise the Canadian Facility Lenders and shall advise each Canadian Facility Lender of the aggregate face amount of the Bankers' Acceptances to be accepted by it and the applicable Contract Period (which shall be identical for all Canadian Facility Lenders). The aggregate face amount of the Bankers' Acceptances to be accepted by a Canadian Facility Lender shall be determined by the Canadian Administrative Agent by reference to Section 2.13(a), except that, if the face amount of a Bankers' Acceptance which would otherwise be accepted by a Canadian Facility Lender would not be Cdn. $100,000 or a whole multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole discretion to Cdn. $100,000 or the nearest whole multiple of that amount, as appropriate.
