Common use of Termination of Bankers’ Acceptances Clause in Contracts

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers’ acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers’ Acceptances under this Agreement.

Appears in 20 contracts

Samples: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement, Credit Agreement (SemGroup Corp)

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Termination of Bankers’ Acceptances. If at any time a Lender ceases to does not accept bankers’ acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers’ Acceptances under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Agreement (Baytex Energy Corp.)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers' acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Non Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Baytex Energy Corp.)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers' acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers’ acceptances Bankers' Acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (MAAX Holding Co.), Credit Agreement (Nacg Finance LLC)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankersBankersacceptances Acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers’ Acceptances under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (NACG Holdings Inc.), Credit Agreement (Griffiths Pile Driving Inc)

Termination of Bankers’ Acceptances. If at any time a Syndicated Facility Lender or the Canadian Operating Facility Lender ceases to accept bankers’ acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers’ Acceptances under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Enerflex Ltd.)

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Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers’ acceptances Bankers' Acceptances in the ordinary course of its business, such Lender shall will be deemed to be a Non-Non Acceptance Lender and shall will make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Provident Energy Trust)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to accept bankers’ acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances Loans in lieu of accepting Bankers’ Acceptances under this Agreement.

Appears in 1 contract

Samples: Day Credit Agreement (Kinder Morgan Inc)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to does not accept bankers' acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.. 31150487.8

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Termination of Bankers’ Acceptances. If at any time a Lender ceases to does not accept bankers' acceptances in the ordinary course of its business, such Lender shall be deemed to be a Non-Acceptance Lender and shall make BA Equivalent Advances in lieu of accepting Bankers' Acceptances under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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