Common use of REFUNDING BANKERS' ACCEPTANCES Clause in Contracts

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ Acceptance, the Canadian Borrowers, except during the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent and the Canadian Borrowers) to the Canadian Agent at or before 11:00 a.m. (Toronto time) within one (1) Canadian Business Day of such maturity date of such Bankers’ Acceptance of any Canadian Borrower’s intention to issue one or more Bankers’ Acceptances on such maturity date (each a “Refunding Bankers’ Acceptance”) to provide for the payment of such maturing Bankers’ Acceptance (it being understood that payments by the Canadian Borrowers and fundings by the Canadian Banks in respect of each maturing Bankers’ Acceptance and each related Refunding Bankers’ Acceptance shall be made on a net basis reflecting the difference between the face amount of such maturing Bankers’ Acceptance and the BA Discount Proceeds (net of the applicable Acceptance Fee) of such Refunding Bankers’ Acceptance). Any funding on account of any maturing Bankers’ Acceptance must be made at or before 12:00 noon (Toronto time) on the maturity date of such Bankers’ Acceptance. If the Canadian Borrowers fail to give such notice, the Canadian Borrowers shall be irrevocably deemed to have requested and to have been advanced a Canadian Loan bearing interest at the Canadian Prime Rate in the face amount of such maturing Bankers’ Acceptance on the maturity date of such maturing Bankers’ Acceptance from the Canadian Bank which accepted such maturing Bankers’ Acceptance, which Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount of any Bankers’ Acceptance, as a whole or in part, at any time.

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ Acceptance, the Canadian Borrowers, except during the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent and the Canadian Borrowers) to the Canadian Agent at or before 11:00 a.m. (Toronto time) within one (1) Canadian Business Day of such maturity date of such Bankers’ Acceptance of any Canadian Borrower’s intention to issue one or more Bankers’ Acceptances on such maturity date (each a “Refunding Bankers’ Acceptance”) to provide for the payment of such maturing Bankers’ Acceptance (it being understood that payments by the Canadian Borrowers and fundings by the Canadian Banks Lenders in respect of each maturing Bankers’ Acceptance and each related Refunding Bankers’ Acceptance shall be made on a net basis reflecting the difference between the face amount of such maturing Bankers’ Acceptance and the BA Discount Proceeds (net of the applicable Acceptance Fee) of such Refunding Bankers’ Acceptance). Any funding on account of any maturing Bankers’ Acceptance must be made at or before 12:00 noon (Toronto time) on the maturity date of such Bankers’ Acceptance. If the Canadian Borrowers fail to give such notice, the Canadian Borrowers shall be irrevocably deemed to have requested and to have been advanced a Canadian Revolving Loan bearing interest at the Canadian Prime Rate in the face amount of such maturing Bankers’ Acceptance on the maturity date of such maturing Bankers’ Acceptance from the Canadian Bank Lender which accepted such maturing Bankers’ Acceptance, which Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Revolving Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount of any Bankers’ Acceptance, as a whole or in part, at any time.

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ ' Acceptance, the Canadian BorrowersBorrower, except during the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent and the Canadian BorrowersBorrower) to the Canadian Agent at or before 11:00 a.m. (Toronto time) within one (1) Canadian on the Business Day of prior to such maturity date of such Bankers’ ' Acceptance of any the Canadian Borrower’s 's intention to issue one or more Bankers’ ' Acceptances on such maturity date (each a “"Refunding Bankers’ ' Acceptance”") to provide for the payment of such maturing Bankers’ ' Acceptance (it being understood that payments by the Canadian Borrowers Borrower and fundings by the Canadian Banks in respect of each maturing Bankers’ ' Acceptance and each related Refunding Bankers’ ' Acceptance shall be made on a net basis reflecting the difference between the face amount of such maturing Bankers’ ' Acceptance and the BA Discount Proceeds (net of the applicable Acceptance Fee) of such Refunding Bankers’ ' Acceptance). Any funding on account of any maturing Bankers’ ' Acceptance must be made at or before 12:00 noon (Toronto Toronto, Ontario time) on the maturity date of such Bankers’ ' Acceptance. If the Canadian Borrowers fail Borrower fails to give such notice, the Canadian Borrowers Borrower shall be irrevocably deemed to have requested and to have been advanced a Canadian Revolving Credit Loan bearing interest at the Canadian Prime Base Rate in the face amount of such maturing Bankers’ ' Acceptance on the maturity date of such maturing Bankers’ ' Acceptance from the Canadian Bank which accepted such maturing Bankers’ ' Acceptance, which Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Revolving Credit Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount of any Bankers’ Acceptance, as a whole or in part, at any time.

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ ' Acceptance, the Canadian Borrowers, except during prior to the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent and the Canadian Borrowers) to the Canadian Agent at or before 11:00 a.m. 2:00 p.m. (Toronto Boston time) within one two (12) Canadian Business Day of such Days prior to the maturity date of such Bankers’ ' Acceptance followed by written confirmation electronically transmitted to the Canadian Agent on the same day, of any the Canadian Borrower’s Borrowers' intention to issue one or more Bankers’ ' Acceptances on such maturity date (each a “"Refunding Bankers’ ' Acceptance”") to provide for the payment of such maturing Bankers’ ' Acceptance (it being understood that payments by the Canadian Borrowers and fundings by the Canadian Banks in respect of each maturing Bankers’ ' Acceptance and each related Refunding Bankers’ ' Acceptance shall be made on a net basis reflecting the difference between the face amount of such maturing Bankers’ ' Acceptance and the BA Discount Proceeds (net of the applicable Acceptance Fee) of such Refunding Bankers’ ' Acceptance). Any funding on account of any maturing Bankers’ ' Acceptance must be made at or before 12:00 noon (Toronto Boston time) on the maturity date of such Bankers’ ' Acceptance. If the Canadian Borrowers fail to give such notice, the Canadian Borrowers shall be irrevocably deemed to have requested and to have been advanced a Canadian Loan bearing interest at the Canadian Prime Rate Loan in the face amount of such maturing Bankers’ ' Acceptance on the maturity date of such maturing Bankers’ ' Acceptance from the Canadian Bank which accepted such maturing Bankers’ ' Acceptance, which Canadian Prime Rate Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Prime Rate Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount of any Bankers’ Acceptance, as a whole or in part, at any time.

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ ' Acceptance, the Canadian BorrowersHunter, except during the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent applicable BA Lender and the Canadian BorrowersHunter) to the Canadian Agent at or before 11:00 a.m. (Toronto time) within one (1) Canadian applicable BA Lender on the Business Day of such prior to the maturity date of such Bankers’ ' Acceptance of any Canadian Borrower’s Hunter's intention to issue one or more Bankers’ ' Acceptances on such maturity date (each a “"Refunding Bankers’ ' Acceptance”") to provide for the payment of such maturing Bankers’ ' Acceptance (it being understood that payments by Hunter shall, on the Canadian Borrowers and fundings by date of maturity of the Canadian Banks in respect of each maturing Bankers’ Acceptance and each related Refunding Bankers’ Acceptance shall be made on a net basis reflecting ' Acceptances, pay to the difference between applicable BA Lender an amount equal to the face amount of such the maturing Bankers’ ' Acceptance and (a) less the BA Discount Proceeds (net of the applicable Refunding Bankers' Acceptances (b) plus the applicable Acceptance Fee) of Fee with respect to such Refunding Bankers’ Acceptance' Acceptances). Any funding on account of any maturing Bankers’ ' Acceptance must be made at or before 12:00 noon (Toronto Toronto, Ontario time) on the maturity date of such Bankers’ ' Acceptance. If the Canadian Borrowers fail Hunter fails to give such noticenotice and fails to repay such Bankers' Acceptance on the maturity date thereof, the Canadian Borrowers then Hunter shall be irrevocably deemed to have requested and to have been advanced a Canadian Hunter Revolver Loan bearing interest at the Canadian Prime Base Rate in plus the Revolving Credit Loan Margin on the face amount of such maturing Bankers’ ' Acceptance on the maturity date of such maturing Bankers’ ' Acceptance from the Canadian Bank which accepted such maturing Bankers’ AcceptanceHunter Fronting Bank, which Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Hunter Revolver Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount of any Bankers’ Acceptance, as a whole or in part, at any time.

REFUNDING BANKERS' ACCEPTANCES. With respect to each Bankers’ ' Acceptance, the Canadian Borrowers, except during the occurrence and continuation of an Event of Default, may give irrevocable telephone or written notice (or such other method of notification as may be agreed upon between the Canadian Agent and the Canadian Borrowers) to the Canadian Agent at or before 11:00 a.m. (Toronto time) within one (1) Canadian Business Day of such maturity date of such Bankers’ ' Acceptance of any Canadian Borrower’s 's intention to issue one or more Bankers’ ' Acceptances on such maturity date (each a “"Refunding Bankers’ ' Acceptance”") to provide for the payment of such maturing Bankers’ ' Acceptance (it being understood that payments by the Canadian Borrowers and fundings by the Canadian Banks in respect of each maturing Bankers’ ' Acceptance and each related Refunding Bankers’ ' Acceptance shall be made on a net basis reflecting the difference between the face amount of such maturing Bankers’ ' Acceptance and the BA Discount Proceeds (net of the applicable Acceptance Fee) of such Refunding Bankers’ ' Acceptance). Any funding on account of any maturing Bankers’ ' Acceptance must be made at or before 12:00 noon (Toronto time) on the maturity date of such Bankers’ ' Acceptance. If the Canadian Borrowers fail to give such notice, the Canadian Borrowers shall be irrevocably deemed to have requested and to have been advanced a Canadian Loan bearing interest at the Canadian Prime Rate in the face amount of such maturing Bankers’ ' Acceptance on the maturity date of such maturing Bankers’ ' Acceptance from the Canadian Bank which accepted such maturing Bankers’ ' Acceptance, which Loan shall thereafter bear interest as such in accordance with the provisions hereof and otherwise shall be subject to all provisions of this Agreement applicable to Canadian Loans until paid in full. Notwithstanding anything to the contrary contained herein, the Canadian Borrowers shall not prepay the Outstanding Amount outstanding amount of any Bankers’ ' Acceptance, as a whole or in part, at any time.