Common use of Acceptances and Drafts Clause in Contracts

Acceptances and Drafts. (1) The Lender agrees, on the terms and conditions of this Agreement and from time to time on any Business Day prior to the Repayment Date to create Bankers' Acceptances by accepting Drafts and to purchase such Bankers' Acceptances in accordance with Section 4.3(2). (2) Each Drawing shall be in a minimum Face Amount and in integral multiples of the amount in Schedule 4.1(2) and shall consist of the creation and purchase of Bankers' Acceptances or the purchase of Drafts on the same day, in each case for the Drawing Price, effected or arranged by the Lender in accordance with Section 4.3 and its Operating Commitment.

Acceptances and Drafts. (1) The Lender agrees, on the terms and conditions of this Agreement and from time to time on any Business Day prior to the Repayment Date to create Bankers' Acceptances by accepting Drafts and to purchase such Bankers' Acceptances in accordance with Section 4.3(2). (2) Each Drawing shall be in a minimum Face Amount and in integral multiples of the amount in Schedule 4.1(2) ERROR! REFERENCE SOURCE NOT FOUND. and shall consist of the creation and purchase of Bankers' Acceptances or the purchase of Drafts on the same day, in each case for the Drawing Price, effected or arranged by the Lender in accordance with Section 4.3 and its Operating Commitment.