Acceptance Commitment. Subject to ------------ ---------------------- the terms and conditions hereof, (i) each Canadian Lender severally agrees that the Canadian Borrower may issue, and such Lender shall accept, Drafts denominated in Canadian Dollars, in minimum denominations of Cdn.$100,000 or a whole multiple thereof and in minimum aggregate amounts of Cdn.$5,000,000 or any greater whole multiple of Cdn.$1,000,000, each in accordance with the provisions of this Section from time to time until the Maturity Date in an aggregate face amount at any one time outstanding which, together with the aggregate outstanding principal amount of such Canadian Lender's Canadian Prime Rate Loans and Canadian LC Exposure, shall not exceed such Lender's Canadian Commitment; provided, however, that the -------- ------- Canadian Borrower shall not be entitled to request any Acceptance that, if made, would result in more than 10 Acceptance Borrowings outstanding hereunder at any time. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender's Acceptances.
Appears in 1 contract
Acceptance Commitment. Subject to ------------ ---------------------- the terms and conditions hereof,
, (i) each Canadian Lender severally agrees that the Canadian Borrower may issue, and such Lender shall accept, Drafts denominated in Canadian Dollars, in minimum denominations of Cdn.$100,000 or a whole multiple thereof and in minimum aggregate amounts of Cdn.$5,000,000 or any greater whole multiple of Cdn.$1,000,000, each in accordance with the provisions of this Section from time to time until the Maturity Date in an aggregate face amount at any one time outstanding which, together with the aggregate outstanding principal amount of such Canadian Lender's Canadian Prime Rate Loans and Canadian LC ExposureLoans, shall not exceed such Lender's Canadian Commitment; provided, however, that the -------- ------- Canadian Borrower shall not be entitled to request -------- ------- any Acceptance that, if made, would result in more than 10 Acceptance Borrowings outstanding hereunder at any time. For purposes of this Agreement, the full face value of an Acceptance, without discount, shall be used when calculations are made to determine the outstanding amount of a Canadian Lender's Acceptances.
Appears in 1 contract