Common use of Issuance of Bankers' Acceptances Clause in Contracts

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 Bankers’ Acceptance Notice, the Canadian Agent shall so advise the Canadian Banks 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 Bank Lender shall be determined by the Canadian Agent by reference to the respective Canadian Commitments of the Canadian BanksLenders, except that, if the face amount of a Bankers’ Acceptance, which would otherwise be accepted by a Canadian BankLender, 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 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 unfettered discretion to the nearest integral multiple of C$100,000.

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.