Common use of Repayment of Bankers’ Acceptances Clause in Contracts

Repayment of Bankers’ Acceptances. Subject to Section 2.16(j), the Canadian Borrower shall repay on or before 12:00 noon (Toronto time) on the Maturity Date for those Bankers’ Acceptances and BA Equivalent Notes comprising part of the same Drawing, an amount in Canadian Dollars equal to the Face Amount of such Bankers’ Acceptances and BA Equivalent Notes (notwithstanding that a Canadian Lender may be the holder of it at maturity). Any such payment shall satisfy the Canadian Borrower’s obligations under the Bankers’ Acceptances and BA Equivalent Notes to which it relates and the relevant Canadian Lender shall (y) then be solely responsible for the payment of the applicable Bankers’ Acceptances and BA Equivalent Notes, and (z) thereafter indemnify the Canadian Borrower from any loss, cost or expense suffered by or imposed upon the Canadian Borrower in respect of any claim from a holder of such Bankers’ Acceptances and BA Equivalent Notes that the Canadian Borrower is liable for payment thereunder or any payment by the Canadian Borrower in connection with such claim.

Repayment of Bankers’ Acceptances. Subject to Section 2.16(j2.19(j), the Canadian Borrower Borrowers shall repay on or before 12:00 noon (Toronto time) on the Maturity Date for those Bankers’ ' Acceptances and BA Equivalent Notes comprising part of the same Drawing, an amount in Canadian Dollars equal to the Face Amount of such Bankers’ ' Acceptances and BA Equivalent Notes (notwithstanding that a Canadian Lender may be the holder of it at maturity). Any such payment shall satisfy the Canadian Borrower’s 's obligations under the Bankers’ ' Acceptances and BA Equivalent Notes to which it relates and the relevant Canadian Lender shall (y) then be solely responsible for the payment of the applicable Bankers’ ' Acceptances and BA Equivalent Notes, and (z) thereafter indemnify the Canadian Borrower from any loss, cost or expense suffered by or imposed upon the Canadian Borrower Borrowers in respect of any claim from a holder of such Bankers’ ' Acceptances and BA Equivalent Notes that the any Canadian Borrower is liable for payment thereunder or any payment by the Canadian Borrower Borrowers in connection with such claim.

Repayment of Bankers’ Acceptances. Subject to Section 2.16(j2.19(j), the Canadian Borrower Borrowers shall repay on or before 12:00 noon (Toronto time) on the Maturity Date for those Bankers’ Acceptances and BA Equivalent Notes comprising part of the same Drawing, an amount in Canadian Dollars equal to the Face Amount of such Bankers’ Acceptances and BA Equivalent Notes (notwithstanding that a Canadian Lender may be the holder of it at maturity). Any such payment shall satisfy the Canadian Borrower’s obligations under the Bankers’ Acceptances and BA Equivalent Notes to which it relates and the relevant Canadian Lender shall (y) then be solely responsible for the payment of the applicable Bankers’ Acceptances and BA Equivalent Notes, and (z) thereafter indemnify the Canadian Borrower from any loss, cost or expense suffered by or imposed upon the Canadian Borrower Borrowers in respect of any claim from a holder of such Bankers’ Acceptances and BA Equivalent Notes that the any Canadian Borrower is liable for payment thereunder or any payment by the Canadian Borrower Borrowers in connection with such claim.