Acceptance and Purchase. The offer of Securities to Selected Dealers will be made on the basis of a reservation of Securities and an allotment against subscriptions. Any application for additional Securities will be subject to rejection in whole or in part. Subscription books may be closed by the Manager at any time in its discretion without notice and the right is reserved to reject any subscription in whole or in part. We agree to purchase as principal the amount of Securities allotted to us by the Manager.
Acceptance and Purchase. Any Offering will be subject to delivery of the Securities and their acceptance by you and any other Underwriters, may be subject to the approval of all legal matters by counsel and the satisfaction of other conditions, and may be made on the basis of reservation of the Securities or an allotment against subscription. You will advise us by telegram, telex, or other form of written communication (“Written Communication”) of the particular method and supplementary terms and conditions (including, without limitation, the information as to prices and offering date referred to in Section 3(b) of any Offering in which we are invited to participate. To the extent such supplementary terms and conditions are inconsistent with any provision herein, such terms and conditions shall supersede any such provision. Unless otherwise indicated in any such Written Communication, acceptances and other communications by us with respect to any Offering should be sent to Popular Securities, Inc., Popular Center, 000 Xxxxx Xxxxxx Avenue. Hato Rey, Puerto Rico 00918, Attention: President, and PaineWebber Incorporated of Puerto Rico, American International Plaza, Penthouse Floors, 000 Xxxxx Xxxxxx Avenue, Hato Rey, Puerto Rico 00918, Attention: Executive Vice President and Chief Operating Officer. You reserve the right to reject any acceptance in whole or in part. Payment for the Securities purchased by us is to be made at such office as you may designate, at the public offering price, or, if you shall so advise us, at such price less the concession to dealers or at the price set forth or indicated in a Written Communication, on such date as you shall determine, on one day’s prior notice to us, by certified or official bank check in New York Clearing House funds payable to the order of PaineWebber Incorporated of Puerto Rico and/or Popular Securities, Inc., against delivery of certificates evidencing such Securities. If payment is made for the Securities purchased by us at the public offering price, the concession to which we shall be entitled will be paid to us upon termination of the provisions of Section 3(b) with respect to such Securities. Unless we promptly give you written instructions otherwise, if transactions in the Securities may be settled through the facilities of the Depository Trust Company, payment for and delivery of the Securities purchased by us will be made through such facilities if we are a member, or if we are not a member, settlement may be made through our ...
Acceptance and Purchase. Subject to the terms and conditions hereof, each Canadian Bank severally agrees to accept and purchase Bankers’ Acceptances drawn upon it by the Canadian Borrowers denominated in Canadian Dollars. The Canadian Borrowers shall notify the Canadian Agent by irrevocable written notice (each a “Bankers’ Acceptance Notice”) by 11:00 a.m. (Toronto time) within one (1) Canadian Business Day of the date of any borrowing by way of Bankers’ Acceptances. Each borrowing by way of Bankers’ Acceptances shall be in a minimum aggregate face amount of C$3,000,000 or an integral multiple of C$100,000 thereof. The face amount of each Bankers’ Acceptance shall be C$100,000 or any integral multiple thereof. Each Bankers’ Acceptance Notice shall be in the form of Exhibit F. In no event shall the Dollar Equivalent of the aggregate face amount of all outstanding Bankers’ Acceptances exceed the remainder of (i) the Total Canadian Commitment minus (ii) the sum of (A) the Outstanding Amount of all Canadian Loans denominated in U.S. Dollars, plus (B) the Outstanding Amount of all Canadian Loans denominated in Canadian Dollars.
Acceptance and Purchase. Subject to the terms and conditions hereof, each Canadian Bank severally agrees to accept and purchase Bankers’ Acceptances drawn upon it by the Canadian Borrowers denominated in Canadian Dollars. The Canadian Borrowers shall notify the Canadian Agent by irrevocable written notice (each a “Bankers’ Acceptance Notice”) by 11:00 a.m. (Toronto time) within one (1) Canadian Business Day of the date of any borrowing by way of Bankers’ Acceptances. Each borrowing by way of Bankers’ Acceptances shall be in a minimum aggregate face amount of C$3,000,000 or an integral multiple of C$100,000 thereof. The face amount of each Bankers’ Acceptance shall be C$100,000 or any integral multiple thereof. Each Bankers’ Acceptance Notice shall be in the form of Exhibit F. In no event shall (i) the Dollar Equivalent of the aggregate face amount of all outstanding Bankers’ Acceptances exceed the remainder of (A) the Total Canadian Commitment minus (B) the sum of (1) the Outstanding Amount of all Canadian Loans denominated in U.S. Dollars, plus (2) the Outstanding Amount of all Canadian Loans denominated in Canadian Dollars, (ii) the sum of (A) the Outstanding Amount of the Canadian Loans denominated in Dollars owed to a Canadian Bank, plus (B) the Outstanding Amount of the Canadian Loans denominated in Canadian Dollars owed to such Canadian Bank, plus (C) the Outstanding Amount of Bankers’ Acceptances purchased by such Canadian Bank, plus (D) the aggregate amount of such Canadian Bank’s participation in Canadian Swing Line Loans, at any time and after giving effect to all amounts requested, exceed such Canadian Bank’s Canadian Commitment, and (iii) the Total Outstandings, at any time and after giving effect to all amounts requested, exceed the Total Commitment.
Acceptance and Purchase. Subject to the terms and conditions hereof, each Canadian Bank severally agrees to accept and purchase Bankers' Acceptances drawn upon it by the Canadian Borrower denominated in Canadian Dollars. The Canadian Borrower shall notify the Canadian Agent by irrevocable written notice (each a "Bankers' Acceptance Notice") at least one (1) Business Day prior to the date of any borrowing by way of Bankers' Acceptances. Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate face amount of C$1,000,000 or an integral multiple of C$100,000 thereof. The face amount of each Bankers' Acceptance shall be C$100,000 or any integral multiple thereof. Each Bankers' Acceptance Notice shall be in the form of Exhibit J. In no event shall the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' Acceptances exceed the lesser of (a) the remainder of (i) Borrowing Base Amount then in effect minus (ii) the aggregate principal amount of the Domestic Revolving Credit Loans outstanding minus (iii) the aggregate principal amount of the Domestic Swing Line Loans outstanding minus (iv) the Dollar Equivalent of the aggregate principal amount of the Canadian Swing Line Loans outstanding minus (v) the aggregate Maximum Drawing Amount of all Letters of Credit and (b) the remainder of (1) the Total Canadian Commitment minus (2) the Dollar Equivalent of the outstanding amount of all Canadian Revolving Credit Loans.
Acceptance and Purchase. 53 Section 3.2 Refunding Bankers' Acceptances.................................................................... 57 Section 3.3
Acceptance and Purchase. Subject to the terms and conditions hereof, the Canadian Fronting Bank (and, for purposes of this ss.2A, the "BA Lenders") agrees to accept and purchase Bankers' Acceptances, drawn upon such BA Lender by Rival Canada and denominated in Canadian Dollars, provided that it is understood and agreed that the Applicable BA Discount Rate shall be that rate calculated for the Business Day of issuance and purchase by such BA Lender of the requested Bankers Acceptance(s), and not any rate quoted on and for the date of notice of such request. Rival Canada shall notify the applicable BA Lender by irrevocable written notice (each, a "Bankers' Acceptance Notice") (such notice being addressed to applicable BA Lender with a copy sent to the Agent) at least two (2) Business Days prior to the date of any borrowing by way of Bankers' Acceptances. Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate undiscounted face amount of C$100,000 or an integral multiple thereof. The undiscounted face amount of each Bankers' Acceptance shall be C$100,000 or any integral multiple thereof. Each request for a Bankers' Acceptance shall constitute a representation and warranty by the Company and by Rival Canada that the conditions set forth in ss.ss.11 and 12 have been satisfied on the date of the issuance of such Bankers' Acceptance. Each Bankers' Acceptance Notice shall be in the form of Exhibit G. In no event shall the aggregate face amount of all outstanding Bankers' Acceptances and Revolving Credit Loans made to Rival Canada exceed the lesser of (i) $15,000,000 and (ii) the amount the Canadian Fronting Bank has agreed to fund in such capacity. Furthermore, in no event shall the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested), plus the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, plus the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' Acceptances at any time exceed the Total Commitment.
Acceptance and Purchase. 48 ss.4.2. Refunding Bankers' Acceptances.............................. 51 ss.4.3.
Acceptance and Purchase. 22 Section 4.2. Refunding Bankers' Acceptances. .............................. 25 Section 4.3. Acceptance Fee. .............................................. 25 Section 4.4. Circumstances Making Bankers' Acceptances Unavailable. ....... 25
Acceptance and Purchase. Subject to the terms and conditions hereof, the Agent, on behalf of the Banks, agrees to accept and purchase Bankers' Acceptances drawn upon it by the Company denominated in Dollars. The Company shall notify the Agent by irrevocable written notice (each a "Bankers' Acceptance Notice") by 11:00 a.m. (Boston time) on the date of any borrowing by way of Bankers' Acceptances. Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate undiscounted face amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each request for a Bankers' Acceptance shall constitute a representation and warranty by the Company that the conditions set forth in Section 12 and Section 13 have been satisfied on the date of the issuance of such Bankers' Acceptance. Each Bankers' Acceptance Notice shall be in the form of Exhibit D. In no event shall the aggregate face amount of all outstanding Bankers' Acceptances exceed the remainder of (a) the Total Commitment minus (b) the sum of (i) the Dollar Equivalent of the outstanding amount of all Revolving Credit Loans plus (ii) the Maximum Drawing Amount and all Unpaid Reimbursement Obligations.
