Common use of Acceptance and Purchase of Drafts Clause in Contracts

Acceptance and Purchase of Drafts. (i) Not later than 11:00 a.m. (Eastern time) on an applicable Drawing Date, each Canadian Lender shall, as the case may be, (A) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, accept such Drafts, and purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price; and (B) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ Acceptances thereby created for the Drawing Purchase Price.

Acceptance and Purchase of Drafts. (i) Not later than 11:00 a.m. (Eastern Toronto time) on an applicable Drawing Date, each Canadian Lender shall, as the case may be, (A) complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, accept such Drafts, and purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price; and (B) arrange for its participant to complete one or more Drafts dated the date of such Drawing, with the maturity date specified by McKesson Canada in the Drawing Notice, to accept such Drafts and to purchase the Bankers’ ' Acceptances thereby created for the Drawing Purchase Price.