Common use of Form of Drafts Clause in Contracts

Form of Drafts. Each Draft presented by the Borrower shall (i) be in a minimum Face Amount of CAN $1,000,000 and in an integral multiple of CAN $100,000, (ii) be dated the date of the making of such Bankers’ Acceptance Loan, and (iii) mature and be payable by the Borrower (in common with all other Drafts presented in connection with such Bankers’ Acceptance Loan) on a Business Day which occurs approximately 30, 60, 90 or 180 days (or such longer period as the Administrative Agent or Canadian Sub- Agent and each Multicurrency Revolving Credit Lender may agree) at the election of the Borrower after the Drawing Date and on or prior to the Revolving Credit Maturity Date.