Common use of Payment of Bankers' Acceptances Clause in Contracts

Payment of Bankers' Acceptances. (1) The Borrower shall provide for the payment to the Agent at the Branch of Account for the account of the applicable Lenders of the full face amount of each Banker's Acceptance accepted for its account on the earlier of (a) the date of maturity of a Banker's Acceptance; and (b) the date on which any Obligations become due and payable pursuant to Section 8.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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Payment of Bankers' Acceptances. (1) The Borrower shall provide for the payment to the Agent at the Branch of Account for the account of the applicable Lenders of the full face amount of each Banker's Bankers' Acceptance accepted for its account on the earlier of (ai) the date of maturity of a Banker's Acceptance; Bankers' Acceptance and (bii) the date on which any Obligations become due and payable pursuant to Section 89.

Appears in 1 contract

Samples: Credit Agreement (Omega Cabinets LTD)

Payment of Bankers' Acceptances. (1) The Borrower shall provide for the payment to the Agent at the Branch of Account for the account of the applicable Lenders of the full face amount of each Banker's Bankers' Acceptance accepted for its account on the earlier of (ai) the date of maturity of a Banker's Acceptance; Bankers' Acceptance and (bii) the date on which any Obligations become due and payable pursuant to Section 811.

Appears in 1 contract

Samples: Credit Agreement (Norske Skog Canada LTD)

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Payment of Bankers' Acceptances. (1) The Borrower shall provide for the payment to the Agent at the Branch of Account for the account of the applicable Lenders of the full face amount of each Banker's Bankers' Acceptance accepted for its account on the earlier of (ai) the date of maturity of a Banker's Acceptance; Bankers' Acceptance and (bii) the date on which any Obligations become due and payable pursuant to Section 87.

Appears in 1 contract

Samples: Bridge Credit Agreement (Rogers Communications Inc)

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