Common use of Circumstances Making Bankers’ Acceptances Unavailable Clause in Contracts

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent shall have reasonably determined (which determination shall be conclusive and binding upon all parties hereto) and notified the Canadian Revolving Loan Borrowers and each of the Canadian Lenders that, by reason of circumstances arising after the Effective Date and affecting the Canadian money market (i) there is no market for Bankers’ Acceptances or (ii) the demand for Bankers’ Acceptances is insufficient to allow the sale or trading of the Bankers’ Acceptances created and purchased hereunder, then the right of any Canadian Revolving Loan Borrower to request that any Canadian Lender accept a Bankers’ Acceptance shall be suspended until the Administrative Agent determines that the circumstances giving rise to such suspension no longer exist and the Administrative Agent so notifies the Canadian Revolving Loan Borrowers.

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent shall have reasonably determined (which determination shall be conclusive and binding upon all parties hereto) and notified the Canadian Revolving Loan Borrowers Borrower and each of the Canadian Lenders that, by reason of circumstances arising after the Restatement Effective Date and affecting the Canadian money market (i) there is no market for Bankers’ ' Acceptances or (ii) the demand for Bankers’ ' Acceptances is insufficient to allow the sale or trading of the Bankers’ ' Acceptances created and purchased hereunder, then the right of any the Canadian Revolving Loan Borrower to request that any Canadian Lender accept a Bankers’ ' Acceptance shall be suspended until the Administrative Agent determines that the circumstances giving rise to such suspension no longer exist and the Administrative Agent so notifies the Canadian Revolving Loan BorrowersBorrower.

Circumstances Making Bankers’ Acceptances Unavailable. If the Canadian Administrative Agent shall have reasonably determined (which determination shall be conclusive and binding upon all parties hereto) and notified Hertz Canada, each of the Canadian Revolving Loan Borrowers Lenders and each of the Canadian Term Lenders that, by reason of circumstances arising after the Effective Date and affecting the Canadian money market (i) there is no market for Bankers’ ' Acceptances or (ii) the demand for Bankers’ ' Acceptances is insufficient to allow the sale or trading of the Bankers’ ' Acceptances created accepted and purchased hereunder, then the right of any Canadian Revolving Loan Borrower Hertz Canada to request that any Canadian Revolving Lender or any Canadian Term Lender accept a Bankers’ ' Acceptance shall be suspended until the Canadian Administrative Agent determines that the circumstances giving rise to such suspension no longer exist and the Canadian Administrative Agent so notifies the Canadian Revolving Loan BorrowersHertz Canada.

Circumstances Making Bankers’ Acceptances Unavailable. If the Administrative Agent shall have reasonably determined (which determination shall be conclusive and binding upon all parties hereto) and notified the Canadian Revolving Loan Borrowers and each of the Canadian Lenders that, by reason of circumstances arising after the Effective Date and affecting the Canadian money market (i) there is no market for Bankers’ ' Acceptances or (ii) the demand for Bankers’ ' Acceptances is insufficient to allow the sale or trading of the Bankers’ ' Acceptances created and purchased hereunder, then the right of any Canadian Revolving Loan Borrower to request that any Canadian Lender accept a Bankers’ ' Acceptance shall be suspended until the Administrative Agent determines that the circumstances giving rise to such suspension no longer exist and the Administrative Agent so notifies the Canadian Revolving Loan Borrowers.