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 following receipt of a notice of borrowing by way of Bankers' AcceptancesCanadian Bankers Acceptance Notice, the Canadian Administrative Agent shall so advise the C$ Banks and shall advise each C$ Bank Canadian Lenders of the face amount of each Bankers' Canadian Bankers Acceptance to be accepted by it and the term thereof. The aggregate face amount of Bankers' Canadian Bankers Acceptances to be accepted by a C$ Bank Canadian Lender shall be determined by the Canadian Administrative Agent by reference to the respective Pro Rata Shares of the Canadian Revolving Credit Sublimit and the respective Term Loan #1 Commitments of the C$ BanksCanadian Lenders, except that, if the face amount of a Bankers' Bankers Acceptance, which would otherwise be accepted by a C$ Canadian Bank, would not be C$100,000 100,000.00 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$100,000100,000.00.