Common use of Purchase of Bankers’ Acceptances and Discount Notes Clause in Contracts

Purchase of Bankers’ Acceptances and Discount Notes. Before giving value to the Borrower, the Lenders which are: 5.3.1 BA Lenders shall, on the Acceptance Date, accept the Bankers’ Acceptances by inserting the appropriate principal amount, Acceptance Date and maturity date in accordance with the BA Request relating thereto and affixing their acceptance stamps thereto, and shall purchase or sell same; and 5.3.2 Non-BA Lenders shall, on the Acceptance Date, complete the Discount Notes by inserting the appropriate principal amount, Acceptance Date and maturity date in accordance with the BA Request relating thereto and shall purchase the same.