Eligible Bills. A Borrower shall ensure that 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 3 contracts
Sources: Revolving Credit Facility (Celltech Group PLC), Term and Revolving Credit Facility (Meggit PLC), Credit Facility Agreement (Rexam Acquisition Subsidiary Inc)