Common use of Acceptance Forms Clause in Contracts

Acceptance Forms. No notice of utilization, conversion or renewal in respect of Acceptances shall be effective if a Lender which is a bank notifies the Agent and the Paying Agent, on or before the expiry of the notice period referred to in Section 2.6, that the Borrower concerned has not provided such Lender with the Acceptances to be then issued by such Lender.

Appears in 1 contract

Sources: Credit Agreement (Hockey Co)

Acceptance Forms. No notice of utilization, conversion or renewal in respect of Acceptances shall be effective if a Lender which is a bank notifies the Agent and the Paying Agent, on or before the expiry of the notice period referred to in Section 2.6, that the Borrower concerned has not provided such Lender with the Acceptances to be then issued by such Lender.

Appears in 1 contract

Sources: Credit Agreement (SLM International Inc /De)