Common use of Execution of Bankers’ Acceptances Clause in Contracts

Execution of Bankers’ Acceptances. Drafts of the Canadian Borrowers to be accepted as Bankers Acceptances hereunder shall be duly executed by one or more duly authorized officers on behalf of the Canadian Borrower, subject to Section 2.03A(i)(b) above. Notwithstanding that any Person whose signature appears on any Canadian Bankers Acceptance as a signatory for the Canadian Borrower may no longer be an authorized signatory for the Canadian Borrower at the date of issuance of a Canadian Bankers Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such Canadian Bankers Acceptance so signed shall be binding on the Canadian Borrower.

Execution of Bankers’ Acceptances. Drafts of the Canadian Borrowers Borrower to be accepted as Bankers Acceptances hereunder shall be duly executed by one or more duly authorized officers on behalf of the Canadian Borrower, subject to Section 2.03A(i)(bSECTION 2.06(i)(c) above. Notwithstanding that any Person whose signature appears on any Canadian Bankers Acceptance as a signatory for the Canadian Borrower may no longer be an authorized signatory for the Canadian Borrower at the date of issuance of a Canadian Bankers Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such Canadian Bankers Acceptance so signed shall be binding on the Canadian Borrower.

Execution of Bankers’ Acceptances. Drafts of the Canadian Borrowers to be accepted as Bankers Acceptances hereunder shall be duly executed by one or more duly authorized officers on behalf of the Canadian Borrower, subject to Section 2.03A(i)(b2.04A(i)(c) above. Notwithstanding that any Person whose signature appears on any Canadian Bankers Acceptance as a signatory for the Canadian Borrower may no longer be an authorized signatory for the Canadian Borrower at the date of issuance of a Canadian Bankers Acceptance, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such Canadian Bankers Acceptance so signed shall be binding on the Canadian Borrower.