Common use of Prohibited Use of Bankers' Acceptances Clause in Contracts

Prohibited Use of Bankers' Acceptances. The Borrower shall not enter into any agreement or arrangement of any kind with any person to whom Bankers’ Acceptances have been delivered whereby the Borrower undertakes to replace such Bankers’ Acceptances on a continuing basis with other Bankers’ Acceptances, nor shall the Borrower directly or indirectly take, use or provide Bankers’ Acceptances as security for loans or advances from any other person.

Appears in 3 contracts

Samples: Assignment and Assumption (Rogers Communications Inc), Assignment and Assumption (Rogers Communications Inc), Assignment and Assumption (Rogers Communications Inc)

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Prohibited Use of Bankers' Acceptances. The Borrower shall not enter into any agreement or arrangement of any kind with any person to whom Bankers' Acceptances have been delivered whereby the Borrower undertakes to replace such Bankers' Acceptances on a continuing basis with other Bankers' Acceptances, nor shall the Borrower directly or indirectly take, use or provide Bankers' Acceptances as security for loans or advances from any other person.

Appears in 2 contracts

Samples: Agreement (Rogers Communications Inc), Credit Agreement (Rogers Communications Inc)

Prohibited Use of Bankers' Acceptances. The Borrower shall not enter into any agreement or arrangement of any kind with any person Person to whom Bankers' Acceptances have been delivered whereby the Borrower undertakes to replace such Bankers' Acceptances on a continuing basis with other Bankers’ Acceptances, ' Acceptances nor shall will the Borrower directly or indirectly take, use or provide Bankers' Acceptances as security for loans or advances from any other person.

Appears in 1 contract

Samples: Credit Agreement (Microcell Telecommunications Inc)

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Prohibited Use of Bankers' Acceptances. The Borrower Borrowers shall not enter into any agreement or arrangement of any kind with any person to whom Bankers’ Acceptances have been delivered whereby the Borrower undertakes Borrowers undertake to replace such Bankers’ Acceptances on a continuing basis with other Bankers’ Acceptances, nor shall the Borrower Borrowers directly or indirectly take, use or provide Bankers’ Acceptances as security for loans or advances from any other person.

Appears in 1 contract

Samples: Credit Agreement (Louisiana-Pacific Corp)

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