Eligible Bills. Each Borrower shall ensure that any Xxxx drawn by it and accepted by a Bank is, assuming that the relevant Bank is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.
Appears in 5 contracts
Samples: Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp)
Eligible Bills. Each A Borrower shall ensure that any each Xxxx drawn by it and accepted by a Bank is, assuming that the relevant Bank is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.
Appears in 3 contracts
Samples: Agreement (Celltech Group PLC), Agreement (Meggit PLC), Agreement (Rexam Acquisition Subsidiary Inc)
Eligible Bills. Each Borrower shall must ensure that any each Xxxx drawn by it and accepted by a Bank Lender is, assuming that the relevant Bank accepting Lender is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.
Appears in 1 contract
Samples: Agreement (Smith & Nephew PLC)
Eligible Bills. Each Borrower shall ensure that any each Xxxx drawn by it and accepted by a Bank is, assuming that the relevant Bank is a bank whose acceptances are then being treated as eligible acceptances by the Bank of England, eligible for rediscounting at the Bank of England.
Appears in 1 contract
