Creation of Acceptances. (a) The Canadian Borrower may request the creation of Acceptances hereunder by submitting to the Canadian Administrative Agent at its office specified in subsection 17.2 prior to 11:00 A.M., Toronto time, two Business Days prior to the requested Borrowing Date, (i) a request for acceptances (each, a "Request for Acceptances") completed in a manner and in form and substance reasonably satisfactory to the Canadian Administrative Agent and specifying, among other things, the Borrowing Date, maturity and face amount of the Drafts to be accepted and discounted, (ii) to the extent not theretofore supplied to each Canadian Lender, a sufficient number of Drafts to be drawn on the Canadian Lenders, to be appropriately completed in accordance with subsection 6.2(d) and (iii) such other certificates, documents and other papers and information as the Canadian Administrative Agent may reasonably request. Upon receipt of any such Request for Acceptances, the Canadian Administrative Agent shall promptly notify each Canadian Lender and the General Administrative Agent of its receipt thereof.
Creation of Acceptances. (a) The Canadian Borrower may request the creation of Acceptances hereunder by submitting to the Canadian Administrative Agent at its office in Canada specified in Section 14.2 prior to 11:00 a.m., Toronto time, two Business Days prior to the requested Borrowing Date, (i) a request for acceptances, substantially in the form of Exhibit A-2 (each, a "Request for Acceptances") completed in a manner and in form and substance reasonably satisfactory to the Canadian Administrative Agent and specifying, among other things, the Borrowing Date, term in months and amount of the Drafts to be accepted and discounted, and (ii) such other certificates, documents and other papers and information as the Canadian Administrative Agent may reasonably request. Upon receipt of any such Request for Acceptances, the Canadian Administrative Agent shall promptly notify each Canadian Lender of details thereof, including each Canadian Lender's share of the amount of Drafts to be accepted and discounted.
Creation of Acceptances. (i) A Borrower shall deliver to an Issuing Bank and the Administrative Agent a signed Request for Acceptance not later than 11:00 a.m. (New York time) on the third Business Day preceding the requested date for creation thereof under this Agreement, or such shorter notice as may be acceptable to such Issuing Bank and the Administrative Agent. Such notice shall be irrevocable.
Creation of Acceptances. (a) The Borrower may request the creation of Acceptances hereunder by submitting to the Administrative Agent at its office specified in Section 11.2 prior to 11:00 A.M., Toronto time, one Business Day prior to the requested Borrowing Date, (i) a request for acceptances (each, a "Request for Acceptances") completed in a manner and in form and substance reasonably satisfactory to the Administrative Agent and specifying, among other things, the Borrowing Date, maturity and amount of the Drafts to be accepted and discounted, (ii) to the extent not theretofore supplied to each Lender, a sufficient number of Drafts to be drawn on the Lenders, to be appropriately completed in accordance with subsection 3.2(d) and (iii) such other certificates, documents and other papers and information as the Administrative Agent may reasonably request. Upon receipt of any such Request for Acceptances, the Administrative Agent shall promptly notify each Lender of its receipt thereof.
Creation of Acceptances. (a) All drafts presented by Borrower to the Fronting Lender for acceptance by the Fronting Lender as Acceptances pursuant to this Agreement shall be properly executed and drawn by Borrower. To facilitate the acceptance of Acceptances hereunder, Borrower shall from time to time as required by the Fronting Lender provide to the Fronting Lender an appropriate number of executed drafts drawn in blank by Borrower in the form prescribed by the Fronting Lender. Borrower may, at its option, execute any draft so presented by the facsimile signature or signatures of any one or more designated signing officers of Borrower, and the Fronting Lender is hereby authorized to accept or pay, as the case may be, any draft of Borrower which purports to bear such facsimile signature or signatures notwithstanding that any such individual has ceased to be a designated signing officer of Borrower and any such draft or Acceptance shall be as valid as if such individual were a designated signing officer of Borrower at the date of issue of such Acceptance. Any such draft or Acceptance may be dealt with by the Fronting Lender for all intents and purposes and shall bind Borrower as if duly signed in the signing officer's own handwriting and issued by Borrower. Without limiting the effect of the indemnity provided under Section 11.05 but in addition to such provision, Borrower will and hereby does undertake to hold the Fronting Lender harmless against, and to indemnify, and Borrower hereby does agree to indemnify, the Fronting Lender from, all losses, costs, damages and expenses arising out of the payment or negotiation of any such draft or Acceptance on which a facsimile signature has been wrongly affixed, except to the extent caused by the gross negligence or willful misconduct of the Fronting Lender. The Fronting Lender shall not be liable for its failure to accept an Acceptance as required hereunder if the cause of such failure is, in whole or in part, due to the failure of Borrower to provide executed drafts to the Fronting Lender on a timely basis. Without creating any obligation to effect such a purchase, Acceptances may be purchased by the Fronting Lender and may be held by it for its own account until maturity or sold by it at any time prior thereto in any relevant market therefor in the United States or elsewhere, in the Fronting Lender's sole discretion.
Creation of Acceptances. The Agent as a Bank, or any other Bank as an Issuer shall create an Acceptance upon the presentation of a draft by the beneficiary of a commercial Letter of Credit, which draft (i) is being presented to the Issuer in accordance with the terms of a commercial Letter of Credit, and (ii) names the Issuer as drawee and the beneficiary as payee and otherwise is in a form acceptable to the Issuer in its sole discretion. The Borrower hereby constitutes and appoints the Agent, acting by any authorized signatory thereof, the true and lawful attorney-in-fact of the Borrower to sign for and in the name of the Borrower any such draft presented to the Issuer for acceptance and to complete any such draft as appropriate.
Creation of Acceptances. The Accepting Bank shall, not later than 1:00 p.m. New York time on the date specified for the creation and discount of such Acceptances:
Creation of Acceptances. 52 3.2 Payment of Acceptances upon Maturity ................................. 54 3.3
Creation of Acceptances. Subject to the terms and conditions of this Agreement, the Canadian Lenders shall be obligated to create Acceptances for the accounts of the Canadian Borrower and the Acquisition Borrower (each referred to in this Section 3 as an "Acceptance Borrower") on the following terms and conditions:
Creation of Acceptances. 55 5.8 Discount of Acceptances................................................................... 56 5.9 Stamping Fees............................................................................. 56 5.10
