Common use of Terms of Acceptance by Lenders Clause in Contracts

Terms of Acceptance by Lenders. The Borrower shall provide for payment to the Agent, for and on behalf of the accepting Lenders, of the face amount of each Bankers’ Acceptance at its maturity, either at the option of the Borrower by payment of the full face amount thereof or through utilization of an Accommodation in accordance with this Agreement, or through a combination thereof, and in so doing the Borrower shall comply with the notice requirements of Sections 2.5 and 5.4(a) and this Article 4. The Borrower hereby waives presentment for payment of Bankers’ Acceptances by the Lenders and any defence to payment of amounts due to a Lender in respect of a Bankers’ Acceptance which might exist by reason of such Bankers’ Acceptance being held at maturity by the Lender which accepted it and agrees not to claim from such Lenders any days of grace for the payment at maturity of Bankers’ Acceptances. The Borrower shall have no right to prepay any Bankers’ Acceptance prior to its maturity.

Terms of Acceptance by Lenders. The Borrower shall provide for payment to the Agent, for and on behalf of the accepting Lenders, of the face amount of each Bankers’ ' Acceptance at its maturity, either at the option of the Borrower by payment of the full face amount thereof or through utilization of an Accommodation in accordance with this Agreement, or through a combination thereof, thereof and in so doing the Borrower shall comply with the notice requirements of Sections 2.5 or 2.5A, as applicable, and 5.4(a) and this Article 4. The Borrower hereby waives presentment for payment of Bankers’ ' Acceptances by the Lenders and any defence to payment of amounts due to a Lender in respect of a Bankers’ ' Acceptance which might exist by reason of such Bankers’ ' Acceptance being held at maturity by the Lender which accepted it and agrees not to claim from such Lenders Lender any days of grace for the payment at maturity of Bankers’ ' Acceptances. The Borrower shall have no right to prepay any Bankers’ ' Acceptance prior to its maturity.

Terms of Acceptance by Lenders. The Borrower shall provide for payment to the Agent, for and on behalf of the accepting Lenders, of the face amount of each Bankers’ ' Acceptance at its maturity, either at the option of the Borrower by payment of the full face amount thereof or through utilization of an Accommodation in accordance with this Agreement, or through a combination thereof, thereof and in so doing the Borrower shall comply with the notice requirements of Sections 2.5 and 5.4(a) and this Article 4. The Borrower hereby waives presentment for payment of Bankers’ ' Acceptances by the Lenders and any defence to payment of amounts due to a Lender in respect of a Bankers’ ' Acceptance which might exist by reason of such Bankers’ ' Acceptance being held at maturity by the Lender which accepted it and agrees not to claim from such Lenders Lender any days of grace for the payment at maturity of Bankers’ ' Acceptances. The Borrower shall have no right to prepay any Bankers’ ' Acceptance prior to its maturity.