Common use of Size and Maturity of Bankers' Acceptances and Rollovers Clause in Contracts

Size and Maturity of Bankers' Acceptances and Rollovers. Each Advance of Banker’s Acceptances shall be in a minimum amount of Cdn. $5,000,000 and integral multiples of US $5,000,000 and the maximum number of maturities of Banker’s Acceptances outstanding at any time shall not exceed fifteen. Each Banker’s Acceptance shall have a term of 1, 2, 3 or 6 months after the date of acceptance of the order by a Lender, but no Banker’s Acceptance may mature on a date which is not a Business Day or after the Maturity Date. Subject to the terms and conditions of this Agreement, the face amount at maturity of a Banker’s Acceptance may be renewed as a Banker’s Acceptance (by repayment and reissue) or converted (by repayment) into another form of Advance. If, before the due date for delivery of a Compliance Certificate, the Borrower has knowledge that the fees payable by the Borrower in connection with an Advance by way of Banker’s Acceptance will increase after the delivery of such Compliance Certificate, then the Borrower shall not request or renew an Advance by way of Banker’s Acceptance for a term that exceeds 1 month. After such Compliance Certificate has been delivered and the fees payable by the Borrower in connection with an Advance by way of Banker’s Acceptance have increased as set forth herein, the Borrower may then request or renew Advances by way of Banker’s Acceptance for terms otherwise permitted by this Section.

Size and Maturity of Bankers' Acceptances and Rollovers. Each Advance of Banker’s Acceptances shall be in a minimum amount of Cdn. $5,000,000 and integral multiples of US Cdn. $5,000,000 1,000,000 and the maximum number of maturities of Banker’s Acceptances outstanding at any time shall not exceed fifteen. Each Banker’s Acceptance shall have a term of 1, 2, 3 or 6 months after the date of acceptance of the order by a Lender, but no Banker’s Acceptance may mature on a date which is not a Business Day or after the Maturity Date. Subject to the terms and conditions of this Agreement, the face amount at maturity of a Banker’s Acceptance may be renewed as a Banker’s Acceptance (by repayment and reissue) or converted (by repayment) into another form of Advance. If, before the due date for delivery of a Compliance Certificate, the either Borrower has knowledge that the fees payable by the Borrower Borrowers in connection with an Advance by way of Banker’s Acceptance will increase after the delivery of such Compliance Certificate, then the neither Borrower shall not request or renew an Advance by way of Banker’s Acceptance for a term that exceeds 1 month. After such Compliance Certificate has been delivered and the fees payable by the Borrower Borrowers in connection with an Advance by way of Banker’s Acceptance have increased as set forth herein, the Borrower Borrowers may then request or renew Advances by way of Banker’s Acceptance for terms otherwise permitted by this Section.

Size and Maturity of Bankers' Acceptances and Rollovers. Each Advance of Banker’s Acceptances shall be in a minimum amount of Cdn. $5,000,000 and integral multiples of US Cdn. $5,000,000 1,000,000 and the maximum number of maturities of Banker’s Acceptances outstanding at any time shall not exceed fifteen. Each Banker’s Acceptance shall have a term of 1, 2, 3 or 6 months after the date of acceptance of the order by a Lender, but no Banker’s Acceptance may mature on a date which is not a Business Day or after the Maturity Date. Subject to the terms and conditions of this Agreement, the face amount at maturity of a Banker’s Acceptance may be renewed as a Banker’s Acceptance (by repayment and reissue) or converted (by repayment) into another form of Advance. If, before the due date for delivery of a Compliance Certificate, the Borrower has knowledge that the fees payable by the Borrower in connection with an Advance by way of Banker’s Acceptance will increase after the delivery of such Compliance Certificate, then the Borrower shall not request or renew an Advance by way of Banker’s Acceptance for a term that exceeds 1 month. After such Compliance Certificate has been delivered and the fees payable by the Borrower in connection with an Advance by way of Banker’s Acceptance have increased as set forth herein, the Borrower may then request or renew Advances by way of Banker’s Acceptance for terms otherwise permitted by this Section.

Size and Maturity of Bankers' Acceptances and Rollovers. Each Advance of Banker’s 's Acceptances shall be in a minimum amount of Cdn. $5,000,000 and integral multiples of US Cdn. $5,000,000 1,000,000 and the maximum number of maturities of Banker’s 's Acceptances outstanding at any time shall not exceed fifteen. Each Banker’s 's Acceptance shall have a term of 1, 2, 3 or 6 months after the date of acceptance of the order by a Lender, but no Banker’s 's Acceptance may mature on a date which is not a Business Day or after the Maturity Date. Subject to the terms and conditions of this Agreement, the face amount at maturity of a Banker’s 's Acceptance may be renewed as a Banker’s 's Acceptance (by repayment and reissue) or converted (by repayment) into another form of Advance. If, before the due date for delivery of a Compliance Certificate, the Borrower has knowledge that the fees payable by the Borrower in connection with an Advance by way of Banker’s 's Acceptance will increase after the delivery of such Compliance Certificate, then the Borrower shall not request or renew an Advance by way of Banker’s 's Acceptance for a term that exceeds 1 month. After such Compliance Certificate has been delivered and the fees payable by the Borrower in connection with an Advance by way of Banker’s 's Acceptance have increased as set forth herein, the Borrower may then request or renew Advances by way of Banker’s 's Acceptance for terms otherwise permitted by this Section.