Common use of Acceptance and Purchase Clause in Contracts

Acceptance and Purchase. Subject to the terms and conditions hereof, each Canadian Bank severally agrees to accept and purchase Bankers' Acceptances drawn upon it by the Canadian Borrower denominated in Canadian Dollars. The Canadian Borrower shall notify the Canadian Agent by irrevocable written notice (each a "Bankers' Acceptance Notice") at least one (1) Business Day prior to the date of any borrowing by way of Bankers' Acceptances. Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate face amount of C$1,000,000 or an integral multiple of C$100,000 thereof. The face amount of each Bankers' Acceptance shall be C$100,000 or any integral multiple thereof. Each Bankers' Acceptance Notice shall be in the form of Exhibit J. In no event shall the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' Acceptances exceed the lesser of (a) the remainder of (i) Borrowing Base Amount then in effect minus (ii) the aggregate principal amount of the Domestic Revolving Credit Loans outstanding minus (iii) the aggregate principal amount of the Domestic Swing Line Loans outstanding minus (iv) the Dollar Equivalent of the aggregate principal amount of the Canadian Swing Line Loans outstanding minus (v) the aggregate Maximum Drawing Amount of all Letters of Credit and (b) the remainder of (1) the Total Canadian Commitment minus (2) the Dollar Equivalent of the outstanding amount of all Canadian Revolving Credit Loans.

Acceptance and Purchase. Subject Pursuant to the terms terms, conditions and conditions hereofprovisions of this Loan Agreement, each Canadian Bank severally Lender SEVERALLY (AND NOT JOINTLY OR JOINTLY AND SEVERALLY) agrees to the extent of its respective Pro Rata Share of the Canadian Revolving Credit Commitments to accept and purchase Bankers' Canadian Bankers Acceptances drawn upon it by the Canadian Borrower denominated in Canadian Dollars. The Canadian Borrower shall notify the Canadian Collateral Agent by irrevocable written notice (hereinafter each referred to as a "Bankers' Canadian Bankers Acceptance Notice") at least one by 10:00 A.M. (1Toronto, Ontario time) two (2) Business Day Days prior to the date of any borrowing Borrowing (including a conversion into or continuation/rollover of) by way of Bankers' AcceptancesCanadian Bankers Acceptances and the Canadian Collateral Agent shall, in turn, notify each Canadian Lender. Each borrowing Borrowing by way of Bankers' Canadian Bankers Acceptances shall be in a minimum aggregate face amount of C$1,000,000 or an 50,000.00 and integral multiple multiples of C$100,000 thereof. The face amount of each Bankers' Acceptance shall be C$100,000 or any integral multiple 25,000.00 in excess thereof. Each Bankers' Canadian Bankers Acceptance Notice shall be in the form of Exhibit J. EXHIBIT "G", attached hereto and made a part hereof. In no event shall the Dollar Equivalent of the aggregate face amount (without discount) of all outstanding Bankers' Canadian Bankers Acceptances ever exceed the lesser of difference between (a1) the remainder of (i) Borrowing Base Amount then in effect minus (ii) the aggregate principal amount Dollar Equivalent of the Domestic Maximum Amount of Canadian Revolving Credit Loans outstanding minus MINUS (iii) the aggregate principal amount of the Domestic Swing Line Loans outstanding minus (iv2) the Dollar Equivalent of the aggregate principal amount of the Canadian Swing Line Loans outstanding minus (v) the aggregate Maximum Drawing Amount of all Letters of Credit and (b) the remainder of (1) the Total Canadian Commitment minus (2) the Dollar Equivalent of the outstanding amount of all Canadian Revolving Credit Loans, including Canadian Bankers Acceptances, then outstanding.