Conditions Applicable to Bankers Acceptances. (i) Schedule II and Schedule III below set forth additional conditions applicable to Bankers' Acceptances.
Conditions Applicable to Bankers Acceptances. Section 7.1 - Bankers' Acceptances ............................... 56 Section 7.2 - Conditions Applicable to Bankers' Acceptances ....................................... 56 7.2.1
Conditions Applicable to Bankers Acceptances. SECTION 7.1 - BANKERS' ACCEPTANCES ------------------------------------------------- The Borrower may effect Borrowings under the BNP Acquisition Facility (to the extent not converted into a Fixed Rate Loan), the Royal Capex Facility and the Royal Credit Line Facility by way of Bankers' Acceptances denominated in Canadian Dollars in accordance with the provisions of Section 3.5 and this Article VII. For the purposes of this Agreement, the full face value of Bankers' Acceptances, without Discount, shall be used when calculations are made to determine the amount of Borrowings. Each determination by the relevant Lender of the Acceptance Fee, of the Discount Rate, of the Discounted Proceeds and of the Discount applicable to Bankers' Acceptances to be accepted by it shall, in the absence of manifest error, be final, conclusive and binding on the Borrower.
Conditions Applicable to Bankers Acceptances. SECTION 7.1 - BANKERS' ACCEPTANCES The Canadian Borrowers may effect Borrowings by way of Bankers' Acceptances denominated in Canadian Dollars in accordance with the provisions of Section 3.7 and this Article VII. For the purposes of this Agreement, the full face value of Bankers' Acceptances, without Discount, shall be used when calculations are made to determine the amount of Borrowings. Each determination by the Agent of the Acceptance Fee, the Discount Rate, the Discounted Proceeds and the Discount shall, in the absence of manifest error be final, conclusive and binding on the Borrowers and the Lenders.
Conditions Applicable to Bankers Acceptances
