Common use of Special Provisions Relating to Acceptance Notes Clause in Contracts

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Drafts, and the Canadian Borrower and each Canadian Lender agree that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(b) in lieu of creating Acceptances for its account.

Appears in 6 contracts

Samples: Credit and Guarantee Agreement (Lear Corp), Credit and Guarantee Agreement (Case Corp), Credit and Guarantee Agreement (Lear Corp /De/)

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Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each applicable Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each applicable Canadian Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.9.3(b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 4 contracts

Samples: Credit Agreement (Associated Materials Inc), Credit Agreement (AMH Holdings, Inc.), Credit Agreement (Associated Materials Inc)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policymarket availability, elect not to accept Drafts, and the Canadian Borrower and each Canadian Lender agree that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 5.7(b) in lieu of creating Acceptances for its account.

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Safety Kleen Corp/), Credit Agreement (Laidlaw Environmental Services Inc)

Special Provisions Relating to Acceptance Notes. (aA) The Canadian Borrower and each Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Draftsand purchase Bankers’ Acceptances, and the Canadian Borrower and each Canadian Lender agree that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.2(f)(vii)(B) in lieu of creating accepting and purchasing Bankers’ Acceptances for its account.

Appears in 4 contracts

Samples: Credit Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO), Security Agreement (Rock-Tenn CO)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Each Borrower and each Canadian Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Non-Schedule II Canadian I Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Draftsor purchase Bankers’ Acceptance drafts, and the Canadian Borrower Borrowers and each Canadian Lender agree that any such Canadian Lender may purchase Acceptance Notes of the any of Celestica or any Canadian Borrower Designated Subsidiary in accordance with the provisions of subsection 6.8(bSection 4.7(b) in lieu of creating Bankers’ Acceptances for its account.

Appears in 3 contracts

Samples: Credit Agreement (Celestica Inc), Designated Subsidiary Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian Revolving Loan Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Revolving Loan Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to to, accept DraftsCanadian BA drafts, and the Canadian Borrower and each Canadian Revolving Loan Lender agree agrees that any such Canadian Revolving Loan Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bclause (b) of this Section 2.8.3 in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 3 contracts

Samples: Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp)

Special Provisions Relating to Acceptance Notes. (aA) The Canadian Borrower and each Canadian Revolving Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Revolving Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Draftsand purchase Bankers’ Acceptances, and the Canadian Borrower and each Canadian Revolving Lender agree that any such Canadian Revolving Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.02(g)(vii)(B) in lieu of creating accepting and purchasing Bankers’ Acceptances for its account.

Appears in 1 contract

Samples: Credit Agreement (Georgia Gulf Corp /De/)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian applicable Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Canadian chartered banks listed on Schedule II Canadian Lenders of the Bank Act (Canada) may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each Canadian applicable Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.11.4(b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian applicable Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Canadian chartered banks listed on Schedule II Canadian Lenders of the Bank Act (Canada) may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each Canadian applicable Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.11.3(b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

Special Provisions Relating to Acceptance Notes. (ai) The Canadian Borrower and each Canadian Relevant Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Relevant Lenders may not be authorized able to or may, as a matter of general corporate policy, elect not to accept Draftsdrafts or depository bills as a Bankers' Acceptance, and the Canadian Borrower and each Canadian such Relevant Lender agree that any such Canadian Relevant Lender may shall, in lieu thereof, accept and purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(b) in lieu of creating Acceptances for its accountthis Section 2.6.

Appears in 1 contract

Samples: Credit Agreement (Bombardier Recreational Products Inc.)

Special Provisions Relating to Acceptance Notes. (aA) The Canadian Borrower and each applicable Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each applicable Canadian Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.2(f)(iii)(B) in lieu of creating Acceptances accepting Canadian BA for its account.

Appears in 1 contract

Samples: Credit Agreement (Movie Gallery Inc)

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Special Provisions Relating to Acceptance Notes. (aA) The Each Canadian Borrower and each Canadian Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian BA Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Draftsand purchase Bankers’ Acceptances, and the each Canadian Borrower and each Canadian Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the applicable Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.3(c)(vii)(B) in lieu of creating accepting and purchasing Bankers’ Acceptances for its account.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Easton-Bell Sports, Inc.)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian applicable Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Canadian chartered banks listed on Schedule II Canadian Lenders of the Bank Act (Canada) may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each Canadian applicable Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSection 2.8.4(b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 1 contract

Samples: Credit Agreement (Railamerica Inc /De)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian Lender hereby acknowledge and agree that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Drafts, and the Canadian Borrower and each Canadian Lender agree that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(b) in lieu of creating Acceptances for its account.II

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Lear Corp /De/)

Special Provisions Relating to Acceptance Notes. (ai) The Canadian Borrower and each Canadian Relevant Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Relevant Lenders may not be authorized able to or may, as a matter of general corporate policy, elect not to accept Draftsdrafts or depository bills as a Bankers’ Acceptance, and the Canadian Borrower and each Canadian such Relevant Lender agree that any such Canadian Relevant Lender may shall, in lieu thereof, accept and purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(b) in lieu of creating Acceptances for its accountthis Section 2.6.

Appears in 1 contract

Samples: Credit Agreement (BRP (Luxembourg) 4 S.a.r.l.)

Special Provisions Relating to Acceptance Notes. (a) The Each Canadian Revolving Loan Borrower and each Canadian Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Schedule II Canadian Revolving Loan Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to to, accept DraftsCanadian BA drafts, and the each Canadian Revolving Loan Borrower and each Canadian Lender agree agrees that any such Canadian Revolving Loan Lender may purchase Acceptance Notes of the any Canadian Revolving Loan Borrower in accordance with the provisions of subsection 6.8(bclause (b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 1 contract

Samples: Credit Agreement (3055854 Nova Scotia Co)

Special Provisions Relating to Acceptance Notes. (a) The Canadian Borrower and each Canadian Lender hereby acknowledge acknowledges and agree agrees that from time to time certain Canadian Lenders which are not Canadian chartered banks or which are Canadian chartered banks listed on Schedule II Canadian Lenders of the Bank Act (Canada) may not be authorized to or may, as a matter of general corporate policy, elect not to accept DraftsCanadian BA drafts, and the Canadian Borrower and each Canadian Lender agree agrees that any such Canadian Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of subsection 6.8(bSECTION 3.6(b) in lieu of creating Acceptances accepting Canadian BAs for its account.

Appears in 1 contract

Samples: Credit Agreement (Leiner Health Products Inc)

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