Presigned Draft Forms Sample Clauses

Presigned Draft Forms. To enable the Tranche B Lenders to create Bankers’ Acceptances or purchase Drafts, as the case may be, in accordance with Section 2.1(b) and this Section 2.15, TCCI hereby appoints each Tranche B Lender as its attorney to sign and endorse on its behalf (for the purpose of acceptance and/or purchase of Drafts pursuant to this Agreement), in handwriting or by facsimile or mechanical signature as and when deemed necessary by such Tranche B Lender, blank forms of Drafts. In this respect, it is each Tranche B Lender’s responsibility to maintain an adequate supply of blank forms of Drafts for acceptance under this Agreement. TCCI recognizes and agrees that all Drafts signed and/or endorsed on its behalf by a Tranche B Lender shall bind TCCI as fully and effectually as if signed in the handwriting of and duly issued by the proper signing officers of TCCI. Each Tranche B Lender is hereby authorized (for the purpose of acceptance and/or purchase of Drafts pursuant to this Agreement) to complete and issue such Drafts endorsed in blank in such face amounts as may be determined by such Tranche B Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Drafts required to be purchased by such Tranche B Lender. On request by TCCI, a Tranche B Lender shall cancel all forms of Drafts which have been pre-signed or pre-endorsed by or on behalf of TCCI and which are held by such Tranche B Lender and have not yet been issued in accordance herewith. Each Tranche B Lender further agrees to retain such records in the manner and/or the statutory periods provided in the various Canadian provincial or federal statutes and regulations which apply to such Tranche B Lender. Each Tranche B Lender shall maintain a record with respect to Drafts held by it in blank hereunder, voided by it for any reason, accepted and purchased by it hereunder, and cancelled at their respective maturities. Each Tranche B Lender agrees to provide such records to TCCI at TCCI’s expense upon request. Drafts shall be signed by a duly authorized officer or officers of TCCI or by its attorneys, including its attorneys appointed pursuant to this Section 2.15(f). Notwithstanding that any person whose signature appears on any Drafts as a signatory for TCCI may no longer be an authorized signatory for TCCI at the date of issuance of a Drafts, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance,...

Presigned Draft Forms. To enable the Lenders and Participants to create Bankers' Acceptances or complete Drafts in the manner specified in this Article 4, the Borrower shall in accordance with the request of each Lender either (i) provide a power of attorney to complete, sign, endorse and issue Bankers' Acceptances, substantially in the form of Exhibit M; or (ii) supply each Lender with such number of Drafts as it may reasonably request, duly endorsed and executed on behalf of the Borrower. Each Lender will exercise such care in the custody and safekeeping of Drafts as it would exercise in the custody and safekeeping of similar property owned by it and will, upon request by the Borrower, promptly advise the Borrower of the number and designations, if any, of uncompleted Drafts held by it for the Borrower. The signature of any officer of the Borrower on a Draft may be mechanically reproduced and BA Instruments bearing facsimile signature shall be binding upon the Borrower as if they had been manually signed. Even if the individuals whose manual or facsimile signature appears on any BA Instrument no longer hold office at the date of signature, at the date of its acceptance by the Lender or at any time after such date, any BA Instrument so signed shall be valid and binding upon the Borrower.

Presigned Draft Forms. (i) Subject to clause (ii) of this paragraph (d), in order to enable the Revolving Credit Lenders to create Bankers’ Acceptances or complete Drafts in the manner specified in this Section 2.03, the Borrower shall supply each Revolving Credit Lender or its agent with such number of Drafts as it may reasonably request, duly signed on behalf of the Borrower. Each Revolving Credit Lender hereby indemnifies the Borrower against any loss or improper use thereof by such Revolving Credit Lender or its agents, will exercise and cause its agents to exercise such care in the custody and safekeeping of Drafts as it would exercise in the custody and safekeeping of similar property owned by it and will, upon request by the Borrower, promptly advise the Borrower of the number and designations, if any, of uncompleted Drafts held by it or its agents for the Borrower. The signature of any officer of the Borrower on a Draft may be mechanically reproduced and any BA Instrument bearing a facsimile signature shall be binding upon the Borrower as if it had been manually signed. Even if the individuals whose manual or facsimile signature appears on any BA Instrument no longer hold office at the date of its acceptance by the Revolving Credit Lender or at any time after such date, any BA Instrument so signed shall be valid and binding upon the Borrower. No Revolving Credit Lender shall be liable for its failure to accept a Draft as required hereby if the cause of such failure is, in whole or in part, due to the failure of the Borrower to provide Drafts to such Revolving Credit Lender on a timely basis. (ii) The Borrower hereby irrevocably appoints each Revolving Credit Lender as its attorney to sign and endorse on its behalf, manually or by facsimile or mechanical signature, any BA Instrument necessary to enable each Revolving Credit Lender to make Drawings in the manner specified in this Section 2.03. All BA Instruments signed or endorsed on the Borrower’s behalf by a Revolving Credit Lender shall be binding on the Borrower, all as if duly signed or endorsed by the Borrower. Each Revolving Credit Lender shall (i) maintain a record with respect to any BA Instrument completed in accordance with this clause (ii), voided by it for any reason, accepted and purchased or purchased or, in the case of a BA Equivalent Note, exchanged for another BA Instrument by it pursuant to this paragraph (d), and cancelled at its respective maturity; and (ii) retain such records in the manner and for th...

Presigned Draft Forms. To enable Canadian Lender to make Drawings in the manner specified herein, Coast Canada shall supply Canadian Lender with such number of Drafts as Canadian Lender may request, duly endorsed and executed on behalf of Coast Canada. The signature of any duly authorized officer of Coast Canada on a Draft may be mechanically reproduced in facsimile and Drafts and Canadian Bankers’ Acceptances bearing such facsimile signature shall be binding upon Coast Canada as if they had been manually signed by such officers. Notwithstanding that any of the individuals whose manual or facsimile signature appears on any Draft as one of such officers may no longer hold office at the date thereof or at the date of its acceptance by Canadian Lender hereunder or at any time thereafter, any Draft or Canadian Bankers’ Acceptance so signed shall be valid and binding upon Coast Canada (unless Coast Canada shall have previously given notice to Canadian Lender that any such individual no longer holds office and has delivered to Canadian Lender duly executed Drafts in replacement of all Drafts bearing such individual’s signature.)

Presigned Draft Forms. (1) To enable the Banks to make Drawings in the manner specified in this Article 3, the Company shall supply each Bank with such number of Drafts as such Banks may reasonably request, duly endorsed and executed on behalf of the Company. Each Bank shall exercise such care in the custody and safekeeping of Drafts as it would exercise in the custody and safekeeping of similar property owned by it. Each Bank will, upon request by the Company, promptly advise the Company of the number and designations, if any, of the uncompleted Drafts then held by it. The signature of any duly authorized officer of the Company on a Draft may be mechanically reproduced in facsimile and Drafts and Bankers' Acceptances bearing such facsimile -24- signature shall be binding upon the Company as if they had been manually signed by such officers. Notwithstanding that any of the individuals whose manual or facsimile signature appears on any Draft as one of such officers may no longer hold office at the date thereof or at the date of its acceptance by the Bank hereunder or at any time thereafter, any Draft or Bankers' Acceptance so signed shall be valid and binding upon the Company. (2) The Company irrevocably appoints each Bank as the attorney of the Company to (i) sign and endorse for and on behalf and in the name of the Company as drawer, Drafts drawn on such Bank payable to the order of the Company, to the order of such Bank or to the order of a clearing house, and (ii) to fill in the amount, date and maturity date of such Drafts, such acts to be undertaken by such Bank in accordance with written instructions given to such Bank by the Company. All Drafts signed or endorsed for and on behalf of the Company by a Bank in accordance with the written instructions of the Company shall be binding on the Company, all as if duly executed and issued by the Company.

Presigned Draft Forms. (1) To enable the Lender to create Bankers' Acceptances in the manner specified in this Article 4, the Borrower (i) shall supply the Lender with such number of Drafts as it may reasonably request, duly endorsed and executed on behalf of the Borrower and (ii) hereby appoints the Lender, as its attorney by any authorized signatory of the Lender: (a) To execute, for and on behalf and in the name of the Borrower as drawer, and to endorse on its behalf, Drafts in a form in accordance with Section 4.2 and which constitute both bills of exchange for the purpose of the BILLS OF EXCHANGE ACT (Canada) and depository bills for the purpose of the DBNA; (b) To complete the amount, date and maturity date of such Bankers' Acceptances; and (c) To deposit such Bankers' Acceptances which have been accepted by the Lender with a clearing house (as defined in the DBNA); Provided that such acts in each case are to be undertaken by the Lender in accordance with instructions given to the Lender by the instructing Borrower as provided in Section 4.3(1).

Presigned Draft Forms. To enable the Lender to create Bankers’ Acceptances or complete Drafts in the manner specified in this Article 4, the Canadian Borrower shall supply the Lender with such number of Drafts as the Lender reasonably requests, duly endorsed and executed on behalf of the Borrower. The signature of any officer of the Borrower on a Draft may be mechanically reproduced and Drafts bearing such facsimile signature shall be binding upon the Borrower as if they had been manually signed. If the individuals whose manual or facsimile signature appears on any Draft no longer hold office at the date of signature, at the date of its acceptance by the Lender or at any time after such date, any Drafts so signed shall be valid and binding upon the Borrower.

Presigned Draft Forms. To enable the Banks to create Bankers’ Acceptances or complete Drafts in the manner specified in this Section 2.4, the Borrower shall supply each Bank with such number of Drafts as it may reasonably request, duly endorsed and executed on behalf of the