Common use of Payment at Maturity; Cash Collateral Clause in Contracts

Payment at Maturity; Cash Collateral. (i) McKesson Canada shall pay to the Canadian Administrative Agent, and there shall become due and payable, at 12:00 noon (Eastern time) on the maturity date for each Bankers’ Acceptance an amount in Canadian Dollars in same day funds equal to the Face Amount of such Bankers’ Acceptance. McKesson Canada shall make each payment hereunder in respect of Bankers’ Acceptances by deposit of the required funds to the Canadian Administrative Agent at the Canada Administrative Agent’s Office. Upon receipt of such payment, the Canadian Administrative Agent will promptly thereafter cause such payment to be distributed in like funds in payment of Bankers’ Acceptances ratably (based on the proportion that the aggregate Face Amount of Bankers’ Acceptances held by any Canadian Lender or any participant thereof maturing on the relevant date bears to the aggregate Face Amount of Bankers’ Acceptances accepted or held by all Canadian Lenders or any participants or assignees thereof maturing on such date) to Canadian Lenders for their account and for the account of any participant, to the extent of and in accordance with their participation. Such payment to the Canadian Administrative Agent shall satisfy McKesson Canada’s obligations under any Bankers’ Acceptances to which it relates and each Canadian Lender that has accepted such Bankers’ Acceptances shall thereafter be solely responsible for the payment of such Bankers’ Acceptances and shall indemnify and hold McKesson Canada harmless against any liabilities, costs or expenses incurred by McKesson Canada as a result of any failure by such Canadian Lender or such participant to pay such Bankers’ Acceptance in accordance with its terms.

Payment at Maturity; Cash Collateral. (i) McKesson Canada shall pay to the Canadian Administrative Agent, and there shall become due and payable, at 12:00 noon (Eastern Toronto time) on the maturity date for each Bankers’ ' Acceptance an amount in Canadian Dollars in same day funds equal to the Face Amount of such Bankers’ ' Acceptance. McKesson Canada shall make each payment hereunder in respect of Bankers’ ' Acceptances by deposit of the required funds to the Canadian Administrative Agent at the Canada Administrative Agent’s 's Office. Upon receipt of such payment, the Canadian Administrative Agent will promptly thereafter cause such payment to be distributed in like funds in payment of Bankers’ ' Acceptances ratably (based on the proportion that the aggregate Face Amount of Bankers’ ' Acceptances held by any Canadian Lender or any participant thereof maturing on the relevant date bears to the aggregate Face Amount of Bankers’ ' Acceptances accepted or held by all Canadian Lenders or any participants or assignees thereof maturing on such date) to Canadian Lenders for their account and for the account of any participant, to the extent of and in accordance with their participation. Such payment to the Canadian Administrative Agent shall satisfy McKesson Canada’s 's obligations under any Bankers’ ' Acceptances to which it relates and each Canadian Lender that has accepted such Bankers’ ' Acceptances shall thereafter be solely responsible for the payment of such Bankers’ ' Acceptances and shall indemnify and hold McKesson Canada harmless against any liabilities, costs or expenses incurred by McKesson Canada as a result of any failure by such Canadian Lender or such participant to pay such Bankers’ ' Acceptance in accordance with its terms.