Common use of Rate Determination Clause in Contracts

Rate Determination. On each date for borrowing, Rollover or Conversion involving the issuance of Bankers’ Acceptances: (i) on or about 11:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the CDOR Rate and shall obtain quotations from the Schedule II Reference Lenders in order to determine the BA Discount Rate then applicable to Bankers’ Acceptances accepted by such Schedule II Lender and Schedule III Lender in respect of an issue of Bankers’ Acceptances in a comparable amount and with comparable maturity to the Bankers’ Acceptances proposed to be issued on such date; (ii) on or about 11:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the BA Discount Rate applicable to each Lender and shall advise each Lender of the BA Discount Rate applicable to it; (iii) each Lender shall complete and accept, in accordance with the Notice of Borrowing or Notice of Conversion/Rollover delivered by Company and advised by Administrative Agent in connection with such issue, its share of the Bankers’ Acceptances to be issued on such date and shall purchase such Bankers’ Acceptances for its own account at a purchase price which reflects the BA Discount Rate applicable to such issue; and (iv) in the case of a borrowing, each Lender shall, for same day value on the Funding Date, remit the BA Discount Proceeds or advance the BA Equivalent Advance, as the case may be, payable by such Lender (net of the stamping fee payable to such Lender pursuant to Section 3.9) to Administrative Agent for the account of Company; Administrative Agent shall make such funds available to Company for same day value on such date.

Rate Determination. On each date for borrowing, Rollover Funding Date or Conversion Conversion/Continuation Date involving the issuance of Bankers’ ' Acceptances: (i) on or about 11:00 10:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the CDOR Rate and shall obtain quotations from the Schedule II Reference Lenders in order to determine the BA Discount Rate then applicable to Bankers’ ' Acceptances accepted by such Schedule II Lender and Schedule III Lender in respect of an issue of Bankers’ ' Acceptances in a comparable amount and with comparable maturity to the Bankers’ ' Acceptances proposed to be issued on such date; (ii) on or about 11:00 10:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the BA Discount Rate applicable to each Lender and shall advise each Lender of the BA Discount Rate applicable to it; (iii) each Lender shall complete and accept, in accordance with the Funding Notice of Borrowing or Notice of Conversion/Rollover Continuation Notice delivered by Company and advised by Administrative Agent in connection with such issue, its share of the Bankers’ ' Acceptances to be issued on such date and shall purchase such Bankers’ ' Acceptances for its own account at a purchase price which reflects the BA Discount Rate applicable to such issue; and (iv) in the case of a borrowing, each Lender shall, for same day value on the Funding Date, remit the BA Discount Proceeds or advance the BA Equivalent Advance, as the case may be, payable by such Lender (net of the stamping fee payable to such Lender pursuant to Section 3.92.3(k)) to Administrative Agent for the account of Company; Administrative Agent shall make such funds available to Company for same day value on such datein accordance with Section 2.2(b)(iv).

Rate Determination. On each date for borrowing, Rollover or Conversion involving the issuance of Bankers’ ' Acceptances: (i) on or about 11:00 10:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the CDOR Rate and shall obtain quotations from the Schedule II Reference Lenders in order to determine the BA Discount Rate then applicable to Bankers’ ' Acceptances accepted by such Schedule II Lender and Schedule III Lender in respect of an issue of Bankers’ ' Acceptances in a comparable amount and with comparable maturity to the Bankers’ ' Acceptances proposed to be issued on such date; (ii) on or about 11:00 10:00 a.m. (Toronto time) on such date, Administrative Agent shall determine the BA Discount Rate applicable to each Lender and shall advise each Lender of the BA Discount Rate applicable to it; (iii) each Lender shall complete and accept, in accordance with the Notice of Borrowing or Notice of Conversion/Rollover delivered by Company and advised by Administrative Agent in connection with such issue, its share of the Bankers’ ' Acceptances to be issued on such date and shall purchase such Bankers’ ' Acceptances for its own account at a purchase price which reflects the BA Discount Rate applicable to such issue; and (iv) in the case of a borrowing, each Lender shall, for same day value on the Funding Date, remit the BA Discount Proceeds or advance the BA Equivalent Advance, as the case may be, payable by such Lender (net of the stamping fee payable to such Lender pursuant to Section 3.9) to Administrative Agent for the account of Company; Administrative Agent shall make such funds available to Company for same day value on such date.