Common use of Purchase of Bankers’ Acceptances Clause in Contracts

Purchase of Bankers’ Acceptances. 10.4.1 Each Bankers’ Acceptance issued pursuant to this Agreement shall be purchased by the Lender accepting such Bankers’ Acceptance for the applicable Discounted Proceeds thereof. In each case, upon receipt of such Discounted Proceeds from the Lenders and upon fulfilment of the applicable conditions set forth in ARTICLE 13, the Administrative Agent shall make such funds available to the Canadian Borrower in accordance with this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.)

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Purchase of Bankers’ Acceptances. 10.4.1 9.4.1 Each Bankers’ Acceptance issued pursuant to this Agreement shall be purchased by the Lender accepting such Bankers’ Acceptance for the applicable Discounted Proceeds thereof. In each case, upon receipt of such Discounted Proceeds from the Lenders and upon fulfilment of the applicable conditions set forth in ARTICLE 1312, the Administrative Agent shall make such funds available to the Canadian Borrower in accordance with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Purchase of Bankers’ Acceptances. 10.4.1 Each Bankers’ Acceptance issued pursuant to this Agreement shall be purchased by the Lender accepting such Bankers’ Acceptance for the applicable Discounted Proceeds thereof. In each case, upon receipt of such Discounted Proceeds from the Lenders and upon fulfilment of the applicable conditions set forth in ARTICLE 13, the Administrative Agent shall make such funds available to the Canadian Borrower in accordance with this Agreement.. 121

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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