Common use of Suspension of Bankers’ Acceptance Option Clause in Contracts

Suspension of Bankers’ Acceptance Option. If at any time or from time to time there no longer exists a market for Bankers’ Acceptances, or if as a result of a change in any law, regulation or guideline (whether or not having the force of law) it is not practical or becomes more expensive for the Lenders to create or commit to create Bankers’ Acceptances, the Lenders shall promptly so advise the Administration Agent and the Administration Agent shall in turn promptly give notice to the Borrowers. After such notice, the Lenders shall not be obliged to accept Bankers’ Acceptances of either Borrower presented to the Lenders pursuant to the provisions of this Agreement and the option of the Borrowers to request the creation of Bankers’ Acceptances shall be suspended until such time as the Lenders have determined that the circumstances giving rise to such suspension no longer exist.

Suspension of Bankers’ Acceptance Option. If at any time or from time to time there no longer exists a market for Bankers’ ' Acceptances, or if as a result of a change in any law, regulation or guideline (whether or not having the force of law) it is not practical or becomes more expensive for the Lenders to create or commit to create Bankers’ ' Acceptances, the Lenders shall promptly so advise the Administration Agent and the Administration Agent shall in turn promptly give notice to the Borrowers. After such notice, the Lenders shall not be obliged to accept Bankers’ ' Acceptances of either Borrower presented to the Lenders pursuant to the provisions of this Agreement and the option of the Borrowers to request the creation of Bankers’ ' Acceptances shall be suspended until such time as the Lenders have determined that the circumstances giving rise to such suspension no longer exist.

Suspension of Bankers’ Acceptance Option. If at any time or from time to time there no longer exists a market for Bankers’ Acceptances, or if as a result of a change in any law, regulation or guideline (whether or not having the force of lawLaw) it is not practical or becomes more expensive for the Lenders to create or commit to create Bankers’ Acceptances, the Lenders shall promptly so advise the Administration Agent and the Administration Agent shall in turn promptly give notice to the BorrowersWFT and Norbord. After such notice, the Lenders shall not be obliged to accept Bankers’ Acceptances of either Borrower WFT or Norbord presented to the Lenders pursuant to the provisions of this Agreement and the option of the Borrowers WFT and Norbord to request the creation of Bankers’ Acceptances shall be suspended until such time as the Lenders have determined that the circumstances giving rise to such suspension no longer exist.

Suspension of Bankers’ Acceptance Option. If at any time or from time to time there no longer exists a market for Bankers’ Acceptances, or if as a result of a change in any law, regulation or guideline (whether or not having the force of lawLaw) it is not practical or becomes more expensive for the Lenders to create or commit to create Bankers’ Acceptances, the Lenders shall promptly so advise the Administration Agent and the Administration Agent shall in turn promptly give notice to the BorrowersWFT. After such notice, the Lenders shall not be obliged to accept Bankers’ Acceptances of either Borrower WFT presented to the Lenders pursuant to the provisions of this Agreement and the option of the Borrowers WFT to request the creation of Bankers’ Acceptances shall be suspended until such time as the Lenders have determined that the circumstances giving rise to such suspension no longer exist.