Common use of Terms to Maturity of Bankers' Acceptances Clause in Contracts

Terms to Maturity of Bankers' Acceptances. Multiple terms to maturity shall be available with respect to Bankers’ Acceptances, provided that the minimum amounts of Accommodations of Bankers’ Acceptances set forth in Section 2.4(b) shall apply separately to each term to maturity and the allocation amongst the Lenders referred to in Section 2.4(b) shall apply separately to each term to maturity. In no event shall any Bankers’ Acceptance have a term to maturity beyond the relevant Maturity Date of the Lender accepting the same. The Borrower shall also ensure that the term to maturity of any outstanding Bankers’ Acceptance accommodates any Principal Repayments required under Article 5.

Appears in 2 contracts

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.), Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

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Terms to Maturity of Bankers' Acceptances. Multiple terms to maturity shall be available with respect to Bankers’ Acceptances, provided that the minimum amounts of Accommodations of Bankers’ Acceptances set forth in Section 2.4(b2.6(b) shall apply separately to each term to maturity and the allocation amongst the Lenders referred to in Section 2.4(b2.6(c) shall apply separately to each term to maturity. In no event shall any Bankers’ Acceptance have a term to maturity beyond the relevant Maturity Date of the Lender accepting the same. The Borrower shall also ensure that the term to maturity of any outstanding Bankers’ Acceptance accommodates any Principal Repayments required under Article 56.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

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Terms to Maturity of Bankers' Acceptances. Multiple With respect to each Advance of Bankers' Acceptances, multiple terms to maturity shall be available with respect to Bankers’ Acceptancesavailable, provided however that the minimum amounts of Accommodations relative to Drawdowns and Conversions of Bankers' Acceptances set forth in Section 2.4(b) shall apply separately to each term to maturity and the pro-rata allocation amongst the Lenders referred to in Section 2.4(b) shall apply separately to each term to maturity. In no event shall any Bankers' Acceptance have a term to maturity beyond the relevant Maturity Date of the Lender accepting the same. The Borrower shall also ensure that the term to maturity of any outstanding Bankers' Acceptance accommodates any Principal Repayments required under by Article 5.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Enterra Energy Trust)

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