Common use of Issuance of Bankers' Acceptances Clause in Contracts

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 The Canadian Administrative Agent, promptly following receipt of a notice of borrowing Advance by way of Bankers' Acceptances, the Canadian Administrative Agent shall so advise the C$ Banks Canadian Lenders and shall advise each C$ Bank Canadian Lender of the aggregate face amount of each the Bankers' Acceptance Acceptances to be accepted by it and the term thereofapplicable Contract Period (which shall be identical for all Canadian Lenders). The aggregate face amount of the Bankers' Acceptances to be accepted by a C$ Bank Canadian Lender shall be determined by the Canadian Administrative Agent by reference to the respective Canadian Commitments of the C$ BanksSection 2.14(a), except that, if the face amount of a Bankers' Acceptance, Acceptance which would otherwise be accepted by a C$ Bank, Canadian Lender would not be C$Cdn. $100,000 or an integral a whole multiple thereof, such face amount shall be increased or reduced by the Canadian Administrative Agent in its sole and unfettered discretion to Cdn. $100,000 or the nearest integral whole multiple of C$100,000that amount, as appropriate.