Examples of McKesson Canada in a sentence
Promptly upon receipt of such funds, the Canadian Administrative Agent shall make such funds available to McKesson Canada in accordance with reasonable instructions provided to the Canadian Administrative Agent by McKesson Canada.
Any Draft signed by a Canadian Lender as attorney for McKesson Canada, whether signed in handwriting or by the facsimile or mechanical signature of an authorized officer of a Canadian Lender, may be dealt with by the Canadian Administrative Agent or any Canadian Lender to all intents and purposes and shall bind McKesson Canada as if duly signed and issued by McKesson Canada.
McKesson Canada shall indemnify each Canadian Lender against any loss or expense incurred by such Canadian Lender as a result of any failure by McKesson Canada to fulfill or honor before the date specified for any Drawing, the applicable conditions set forth in this Section 2.04 or Section 4.02, if the Drawing, as a result of such failure, is not made on such date.
Each Canadian Lender will, upon request by McKesson Canada, promptly advise McKesson Canada of the number and designations, if any, of the uncompleted Drafts then held by it.
Notwithstanding that any of the individuals whose manual or facsimile signature appears on any Draft or Bankers’ Acceptance as one of such officers may no longer hold office at the date thereof or at the date of its acceptance by a Canadian Lender or a participant hereunder or at any time thereafter, any Draft or Bankers’ Acceptance so signed shall be valid and binding upon McKesson Canada.
The signatures of such officers may be mechanically reproduced in facsimile and Drafts and Bankers’ Acceptances bearing such facsimile signatures shall be binding upon McKesson Canada as if they had been manually signed by such officers.
At any time that Canadian Prime Rate Loans are outstanding, the Canadian Administrative Agent shall notify McKesson Canada and the Canadian Lenders of any change in BA Canada’s prime lending rate used in determining the Canadian Prime Rate promptly following the public announcement of such change.
Within the limits of each Lender’s Canadian Commitment, and subject to the other terms and conditions hereof, McKesson Canada may borrow under this Section 2.01(b)(i), prepay under Section 2.05 and reborrow under this Section 2.01(b)(i).
Except as required by Article VIII, Section 2.05 or Section 2.07, no repayment of a Bankers’ Acceptance shall be made by McKesson Canada to a Canadian Lender prior to the maturity date thereof.
Any such repayment, made as required by Article VIII, Section 2.05 or Section 2.07, shall be made (unless such repayment has been rescinded or otherwise is required to be returned by such Canadian Lender to McKesson Canada for any reason) in accordance with the provisions of Section 2.03(g) and Section 2.04(g).