Common use of Payment of Drawing Purchase Price Clause in Contracts

Payment of Drawing Purchase Price. (i) Subject to Section 2.04(b)(iv), each Canadian Lender shall, before 12:00 noon (Eastern time) on the applicable Drawing Date, pay or cause to be paid, the Drawing Purchase Price in respect of any Bankers’ Acceptances which such Canadian Lender has purchased or arranged to have purchased pursuant to Section 2.04(d)(i) by depositing or causing to be deposited such amount to such account maintained by the Canadian Administrative Agent at BA Canada as shall have been notified to such Canadian Lender by the Canadian Administrative Agent, in Canadian Dollars in same day funds. Promptly upon receipt of such funds, the Canadian Administrative Agent shall make such funds available to McKesson Canada in accordance with reasonable instructions provided to the Canadian Administrative Agent by McKesson Canada. (ii) Bankers’ Acceptances purchased by a Canadian Lender or its participant hereunder may be held by such Canadian Lender or such participant, as the case may be, for its own account until maturity or sold by it at any time prior thereto in any relevant market therefor in Canada, in such Lender’s or its participant’s sole discretion.

Payment of Drawing Purchase Price. (i) Subject to Section 2.04(b)(iv), each Canadian Lender shall, before 12:00 noon (Eastern Toronto time) on the applicable Drawing Date, pay or cause to be paid, the Drawing Purchase Price in respect of any Bankers’ ' Acceptances which such Canadian Lender has purchased or arranged to have purchased pursuant to Section 2.04(d)(i) by depositing or causing to be deposited such amount to such account maintained by the Canadian Administrative Agent at BA Canada as shall have been notified to such Canadian Lender by the Canadian Administrative Agent, in Canadian Dollars in same day funds. Promptly upon receipt of such funds, the Canadian Administrative Agent shall make such funds available to McKesson Canada in accordance with reasonable instructions provided to the Canadian Administrative Agent by McKesson Canada. (ii) Bankers’ ' Acceptances purchased by a Canadian Lender or its participant hereunder may be held by such Canadian Lender or such participant, as the case may be, for its own account until maturity or sold by it at any time prior thereto in any relevant market therefor in Canada, in such Lender’s 's or its participant’s 's sole discretion.