Common use of Eligible Bills Clause in Contracts

Eligible Bills. Each Borrower shall ensure that any ▇▇▇▇ 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

Sources: Syndicated Credit Facility Agreement (Gec Acquisition Corp), Syndicated Credit Facility Agreement (Gec Acquisition Corp), Syndicated Credit Facility (Gec Acquisition Corp)

Eligible Bills. Each Borrower shall must ensure that any each ▇▇▇▇ 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

Sources: Credit Facility Agreement (Smith & Nephew PLC)

Eligible Bills. Each Borrower shall ensure that any each ▇▇▇▇ 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

Sources: Facility Agreement (Central Power & Light Co /Tx/)