Common use of Optional Renewal/Repayment of Bankers’ Acceptances Clause in Contracts

Optional Renewal/Repayment of Bankers’ Acceptances. The Canadian Borrower shall give notice to the Administrative Agent not later than 11:00 A.M. (Toronto time) on a Business Day at least two Canadian Business Days prior to the Maturity Date of the Bankers’ Acceptances and BA Equivalent Notes comprising part of the same Drawing, and subject to the provisions of Section 2.12, specifying either that the Canadian Borrower intends to renew all or any portion of such Bankers’ Acceptances and BA Equivalent Notes or that the Canadian Borrower intends to repay such maturing Bankers’ Acceptances and BA Equivalent Notes. Failure by the Canadian Borrower to deliver such notice to the Administrative Agent in accordance with this Section 2.16(j) shall be deemed an election by the Canadian Borrower to repay such Bankers’ Acceptances and BA Equivalent Notes on the applicable Maturity Date.

Optional Renewal/Repayment of Bankers’ Acceptances. The Canadian Borrower shall give notice to the Administrative Sub-Agent not later than 11:00 A.M. (Toronto time) on a Business Day at least two Canadian Business Days prior to the Maturity Date of the Bankers’ Acceptances and BA Equivalent Notes comprising part of the same Drawing, and subject to the provisions of Section 2.12, specifying either that the Canadian Borrower intends intend to renew all or any portion of such Bankers’ Acceptances and BA Equivalent Notes or that the Canadian Borrower intends to repay such maturing Bankers’ Acceptances and BA Equivalent Notes. Failure by the Canadian Borrower to deliver such notice to the Administrative Sub-Agent in accordance with this Section 2.16(j) shall be deemed an election by the Canadian Borrower to repay such Bankers’ Acceptances and BA Equivalent Notes on the applicable Maturity Date.

Optional Renewal/Repayment of Bankers’ Acceptances. The Canadian Borrower Borrowers shall give notice to the Administrative Agent not later than 11:00 A.M. (Toronto New York City time) on a Business Day at least two Canadian Business Days prior to the Maturity Date of the Bankers’ Acceptances and BA Equivalent Notes comprising part of the same Drawing, and subject to the provisions of Section 2.12, specifying either that the Canadian Borrower intends Borrowers intend to renew all or any portion of such Bankers’ Acceptances and BA Equivalent Notes or that the Canadian Borrower intends Borrowers intend to repay such maturing Bankers’ Acceptances and BA Equivalent Notes. Failure by the Canadian Borrower Borrowers to deliver such notice to the Administrative Agent in accordance with this Section 2.16(j2.19(j) shall be deemed an election by the Canadian Borrower Borrowers to repay such Bankers’ Acceptances and BA Equivalent Notes on the applicable Maturity Date.

Optional Renewal/Repayment of Bankers’ Acceptances. The Canadian Borrower Borrowers shall give notice to the Administrative Agent not later than 11:00 A.M. (Toronto New York City time) on a Business Day at least two Canadian Business Days prior to the Maturity Date of the Bankers’ ' Acceptances and BA Equivalent Notes comprising part of the same Drawing, and subject to the provisions of Section 2.12, specifying either that the Canadian Borrower intends Borrowers intend to renew all or any portion of such Bankers’ ' Acceptances and BA Equivalent Notes or that the Canadian Borrower intends Borrowers intend to repay such maturing Bankers’ ' Acceptances and BA Equivalent Notes. Failure by the Canadian Borrower Borrowers to deliver such notice to the Administrative Agent in accordance with this Section 2.16(j2.19(j) shall be deemed an election by the Canadian Borrower Borrowers to repay such Bankers’ ' Acceptances and BA Equivalent Notes on the applicable Maturity Date.