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

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

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

Special Provisions Relating to Acceptance Notes. (a) Each The Borrower and each Lender hereby acknowledges acknowledge and agrees agree that from time to time certain Lenders which are Non-not Canadian chartered banks or which are Schedule I II Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept or purchase Bankers’ Acceptance draftsDrafts, and the Borrowers Borrower and each Lender agree agrees that any such Lender may purchase Acceptance Notes of any of Celestica or any Canadian Designated Subsidiary the Borrower in accordance with the provisions of Section 4.7(bsubsection 3.8(b) in lieu of creating Bankers’ Acceptances for its account.