Common use of Issuance of Bankers' Acceptances Clause in Contracts

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, 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 Ratable Portions of the Canadian Lenders, except that, if the Face Amount of any the Bankers’ Acceptance ' Acceptance, that would otherwise be accepted by a Canadian Lender Lender, would not be Cdn $100,000 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 $100,000Cdn.$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 Revolving Credit Loans owing to the Over-Allotted Lender (and in any 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 Revolving Credit Loans ratably according to their respective Canadian RL PercentagesRatable Portions.

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 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 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 Alternate Currency RL Percentages.

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 an 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 the Bankers’ Acceptance ' Acceptance, that would otherwise be accepted by a an Canadian Lender Lender, would not be Cdn 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 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 Bankers' Acceptances and Canadian Revolving Loans in excess of its respective Canadian RL Percentage of the total outstanding Bankers' Acceptances and 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 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 Canadian Lenders shall hold the Bankers’ ' Acceptances Loans and Canadian Prime Rate Revolving Loans ratably according to their respective Canadian RL Percentages.