Common use of Waiver of Presentment and Other Conditions Clause in Contracts

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Revolving Lender in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Lender in its own right and the Canadian Borrower agrees not to claim any days of grace if such Revolving Lender as holder sues the Canadian Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/A, or the date of any prepayment thereof in accordance with this Agreement, if earlier, the Canadian Borrower shall pay to such Revolving Lender that has accepted such B/A the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (d) in full and absolute satisfaction of its obligations with respect to such B/A, and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Lender shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Revolving Facility B Lender in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Facility B Lender in its own right and the Canadian Borrower agrees not to claim any days of grace if such Revolving Facility B Lender as holder sues the Canadian Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/A, or the date of any prepayment thereof in accordance with this Agreement, if earlier, the Canadian Borrower shall pay to such Revolving Facility B Lender that has accepted such B/A the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (dSection 2.08) in full and absolute satisfaction of its obligations with respect to such B/A, and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Facility B Lender shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense defence to payment of any amounts due to a Revolving Lender Syndicated Canadian Bank in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to this Agreement Addendum which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Lender the Syndicated Canadian Bank in its own right and the Canadian Borrower agrees not to claim any days of grace if such Revolving Lender the Syndicated Canadian Bank as holder sues the Canadian Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/A, Bankers’ Acceptance or the date of any prepayment thereof in accordance with this AgreementAddendum, if earlier, the Canadian Borrower shall pay to such Revolving Lender the Syndicated Canadian Bank that has accepted such B/A Bankers’ Acceptance the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (d) in full and absolute satisfaction of its obligations with respect to such B/A, Bankers’ Acceptance and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A Bankers’ Acceptance (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Lender Syndicated Canadian Bank shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.Bankers’ Acceptance.

Waiver of Presentment and Other Conditions. The Canadian Each Borrower waives presentment for payment and any other defense defence to payment of any amounts due to a Revolving Lender Syndicated Canadian Bank in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to this Agreement Addendum which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Lender the Syndicated Canadian Bank in its own right and the Canadian each Borrower agrees not to claim any days of grace if such Revolving Lender the Syndicated Canadian Bank as holder sues the Canadian any Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian such Borrower thereunder. On the specified maturity date of a B/A, Bankers’ Acceptance or the date of any prepayment thereof in accordance with this AgreementAddendum, if earlier, the Canadian applicable Borrower shall pay to such Revolving Lender the Syndicated Canadian Bank that has accepted such B/A Bankers’ Acceptance the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (d) in full and absolute satisfaction of its obligations with respect to such B/A, Bankers’ Acceptance and after such payment, the Canadian such Borrower shall have no further liability in respect of such B/A Bankers’ Acceptance (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Lender Syndicated Canadian Bank shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.Bankers’ Acceptance.

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Revolving Facility B Lender in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to 119 this Agreement which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Facility B Lender in its own right and the Canadian Borrower agrees not to claim any days of grace if such Revolving Facility B Lender as holder sues the Canadian Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/A, or the date of any prepayment thereof in accordance with this Agreement, if earlier, the Canadian Borrower shall pay to such Revolving Facility B Lender that has accepted such B/A the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (dSection 2.08) in full and absolute satisfaction of its obligations with respect to such B/A, and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Facility B Lender shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Revolving Lender in respect of a Bankers’ ' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers’ ' Acceptance being held, at the maturity thereof, by such the Revolving Lender in its own right and the Canadian Borrower agrees not to claim any days of grace if such the Revolving Lender as holder sues the Canadian Borrower on the Bankers’ ' Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/A, Bankers' Acceptance or the date of any prepayment thereof in accordance with this Agreement, if earlier, the Canadian Borrower shall pay to such the Revolving Lender that has accepted such B/A Bankers' Acceptance the full face amount of such B/A (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c) or (d) in full and absolute satisfaction of its obligations with respect to such B/A, Bankers' Acceptance and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A Bankers' Acceptance (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Lender shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.Bankers' Acceptance.

Waiver of Presentment and Other Conditions. The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Revolving Lender in respect of a Bankers’ Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers’ Acceptance being held, at the maturity thereof, by such Revolving Lender in its own right and the Canadian Borrower agrees not to claim any days of grace if such Revolving Lender as holder sues the Canadian Borrower on the Bankers’ Acceptance for payment of the amount payable by the Canadian Borrower thereunder. On the specified maturity date of a B/ABA, or the date of any prepayment thereof in accordance with this Agreement, if earlier, the Canadian Borrower shall pay to such Revolving Lender that has accepted such B/A BA the full face amount of such B/A BA (or shall make provision for payment by way of conversion or continuation in accordance with Sections 2.14(c2.11(c) or (d)) in full and absolute satisfaction of its obligations with respect to such B/ABA, and after such payment, the Canadian Borrower shall have no further liability in respect of such B/A BA (except to the extent that any such payment is rescinded or reclaimed by operation of law or otherwise) and such Revolving Lender shall be entitled to all benefits of, and will make and otherwise be responsible for all payments due to the redeeming holder or any third parties under, such B/A.BA.