Common use of Acceptance Notes Clause in Contracts

Acceptance Notes. It is understood that from time to time certain Lenders that are not Schedule I Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to accept Drafts (each, an “Acceptance Note Lender”); accordingly, any such Lender may instead purchase Acceptance Notes of the Borrower in accordance with the provisions of Section 3.4(2) in lieu of creating Bankers’ Acceptances for its account.