Common use of Payment on Maturity Clause in Contracts

Payment on Maturity. The Canadian Borrower shall pay to the Canadian Agent, for the account of the BA Lenders or Acceptance Lenders, as applicable, on the maturity date of any Bankers’ Acceptance or Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face amount of such Acceptance Note, as the case may be; provided that the Canadian Borrower may, at its option, so reimburse the BA Lenders or Acceptance Lenders, as applicable, in whole or in part, by delivering to the Canadian Agent no later than 12:00 noon (Toronto time) two (2) Business Days’ prior to the maturity date of a maturing Bankers’ Acceptance or Acceptance Note, as the case may be, a Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance or the Acceptance Note, as the case may be, and presenting a draft or Acceptance Note to the BA Lenders or Acceptance Lenders, as applicable for acceptance and purchase resulting, in the case of reimbursement in whole by replacement Bankers’ Acceptance or Acceptance Note, in the aggregate equal to the Face Amount of the maturing Bankers’ Acceptance or face amount of the maturing Acceptance Note. In the event that the Canadian Borrower fails to deliver a Notice of Conversion/Extension and fails to make payment to the Canadian Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face amount of any Acceptance Note forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan on the relevant maturity date.

Payment on Maturity. The Canadian A Borrower which has received a Bankers’ Acceptance Advance shall pay to the Canadian Administrative Agent, for the account of the BA Lenders or Acceptance Canadian Lenders, as applicable, on the maturity date of any such Bankers’ Acceptance or and the last day of the Interest Period of an Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face principal amount of such Acceptance Note, as the case may be; provided that the Canadian such Borrower may, at its option, so reimburse the BA Lenders or Acceptance Canadian Lenders, as applicable, in whole or in part, by delivering to the Canadian Administrative Agent no later than 12:00 noon (Toronto time) 10:00 a.m. two (2) Business Days’ Banking Days prior to the maturity date of a maturing Bankers’ Acceptance or the last day of the Interest Period of an Acceptance Note, as the case may be, a Rollover Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance Acceptances or the next Interest Period for such Acceptance Note, as the case may be, and presenting a draft drafts or Acceptance Note Notes to the BA Canadian Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance Acceptances or Acceptance NoteNotes, in the an aggregate Face Amount equal to the Face Amount of the maturing Bankers’ Acceptance Acceptances or face principal amount of the maturing Acceptance NoteNotes. In the event that the Canadian a Borrower fails to deliver a Conversion Notice of Conversion/Extension or Rollover Notice and fails to make payment to the Canadian Administrative Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face principal amount of any the Acceptance Note Notes forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan Advance on the relevant maturity date.

Payment on Maturity. The Canadian A Borrower which has received a Bankers’ Acceptance Advance shall pay to the Canadian Administrative Agent, for the account of the BA Lenders or Acceptance Canadian Lenders, as applicable, on the maturity date of any such Bankers’ Acceptance or and the last day of the Interest Period of an Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face principal amount of such Acceptance Note, as the case may be; provided that the Canadian such Borrower may, at its option, so reimburse the BA Lenders or Acceptance Canadian Lenders, as applicable, in whole or in part, by delivering to the Canadian Administrative Agent no later than 12:00 noon (Toronto time) 10:00 a.m. two (2) Business Days’ Banking Days prior to the maturity date of a maturing Bankers’ Acceptance or the last day of the Interest Period of an Acceptance Note, as the case may be, a Rollover Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance Acceptances or the next Interest Period for such Acceptance Note, as the case may be, and presenting a draft drafts or Acceptance Note Notes to the BA Canadian Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance Acceptances or Acceptance NoteNotes, in the an aggregate Face Amount equal to the Face Amount of the maturing Bankers’ Acceptance Acceptances or face principal amount of the maturing Acceptance NoteNotes. In the event that the Canadian a Borrower fails to deliver a Conversion Notice of Conversion/Extension or Rollover Notice and fails to make payment to the Canadian Administrative Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face principal amount of any the Acceptance Note Notes forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan Advance under the Revolving Facility on the relevant maturity date.

Payment on Maturity. The Canadian Borrower shall pay to the Canadian Administrative Agent, for the account of the BA Lenders or Acceptance Lenders, as applicable, on the maturity date of any Bankers’ Acceptance or Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face amount of such Acceptance Note, as the case may be; provided that the Canadian Borrower may, at its option, so reimburse the BA Lenders or Acceptance Lenders, as applicable, in whole or in part, by delivering to the Canadian Administrative Agent no later than 12:00 noon (Toronto time) two three (23) Business Days’ prior to the maturity date of a maturing Bankers’ Acceptance or Acceptance Note, as the case may be, a Loan Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance or the Acceptance Note, as the case may be, and presenting a draft or Acceptance Note to the BA Lenders or Acceptance Lenders, as applicable for acceptance and purchase resulting, in the case of reimbursement in whole by replacement Bankers’ Acceptance or Acceptance Note, in the aggregate equal to the Face Amount of the maturing Bankers’ Acceptance or face amount of the maturing Acceptance Note. In the event that the Canadian Borrower fails to deliver a Loan Notice of Conversion/Extension and fails to make payment to the Canadian Administrative Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face amount of any Acceptance Note forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Revolving Loan accruing interest at the Base Rate Loan on the relevant maturity date.

Payment on Maturity. The Canadian A Borrower which has received a Bankers' Acceptance Advance shall pay to the Canadian Facility Agent, for the account of the BA Lenders or Acceptance Canadian Lenders, as applicable, on the maturity date of any such Bankers’ ' Acceptance or and the last day of the Interest Period of an Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ ' Acceptance or the face principal amount of such Acceptance Note, as the case may be; provided that the Canadian such Borrower may, at its option, so reimburse the BA Lenders or Acceptance Canadian Lenders, as applicable, in whole or in part, by delivering to the Canadian Facility Agent no later than 12:00 noon (Toronto time) 10:00 a.m. two (2) Business Days’ Banking Days prior to the maturity date of a maturing Bankers’ ' Acceptance or the last day of the Interest Period of an Acceptance Note, as the case may be, a Rollover Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance ' Acceptances or the next Interest Period for such Acceptance Note, as the case may be, and presenting a draft drafts or Acceptance Note Notes to the BA Canadian Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance ' Acceptances or Acceptance NoteNotes, in the an aggregate Face Amount equal to the Face Amount of the maturing Bankers’ Acceptance ' Acceptances or face principal amount of the maturing Acceptance NoteNotes. In the event that the Canadian a Borrower fails to deliver a Conversion Notice of Conversion/Extension or Rollover Notice and fails to make payment to the Canadian Facility Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face amount of any Acceptance Note forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan on the relevant maturity date.maturing

Payment on Maturity. The applicable Canadian Borrower shall pay to the Canadian Agent, for the account of the BA Lenders or Acceptance Lenders, as applicable, on the maturity date of any Bankers’ Acceptance or Acceptance Note issued by the Canadian Borrower Borrowers an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face amount of such Acceptance Note, as the case may be; provided that the a Canadian Borrower may, at its option, so reimburse the BA Lenders or Acceptance Lenders, as applicable, in whole or in part, by delivering to the Canadian Agent no later than 12:00 noon p.m. (Toronto time) two (2) Business Days’ prior to the maturity date of a maturing Bankers’ Acceptance or Acceptance Note, as the case may be, a Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance or the Acceptance Note, as the case may be, and presenting a draft or Acceptance Note to the BA Lenders or Acceptance Lenders, as applicable for acceptance and purchase resulting, in the case of reimbursement in whole by replacement Bankers’ Acceptance or Acceptance Note, in the aggregate equal to the Face Amount of the maturing Bankers’ Acceptance or face amount of the maturing Acceptance Note. In the event that the any Canadian Borrower fails to deliver a Notice of Conversion/Extension and fails to make payment to the Canadian Agent in respect of the maturing Bankers’ Acceptance Advance, the Face Amount of the maturing Bankers’ Acceptances and the face amount of any Acceptance Note forming part of such Bankers’ Acceptance Advance shall be deemed to be converted to a Canadian Prime Dollar Base Rate Loan on the relevant maturity date.

Payment on Maturity. The Canadian Borrower shall pay to the Canadian Administrative Agent, for the account of the BA Lenders or Acceptance Relevant Lenders, as applicable, on the maturity date last day of the Interest Period of any maturing Bankers’ Acceptance or Acceptance Note issued by the Canadian Borrower Note, an amount equal to the Face Amount of such maturing Bankers’ Acceptance or the face amount of such Acceptance Note, as the case may be; provided that that, subject to Sections 2.10 and 4.3, the Canadian Borrower may, at its option, so reimburse pay the BA Lenders or Acceptance Relevant Lenders, as applicable, in whole or in part, by delivering to the Canadian Administrative Agent no later than 12:00 noon (Toronto time) two (2) the time and Business Days’ Day specified in Section 3.6 prior to the maturity date last day of a the Interest Period of such maturing Bankers’ Acceptance or Acceptance Note, as the case may be, a Notice of ConversionContinuation/Extension Conversion specifying the term next Interest Period of the Bankers’ Acceptance or and/or Acceptance Note to be accepted and purchased by the Acceptance Note, as Relevant Lenders in accordance with the case may beprovisions hereof, and presenting or causing to be presented a draft draft, depository ▇▇▇▇ or Acceptance Note to the BA Relevant Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance Acceptances or Acceptance Note, in the an aggregate Face Amount at least equal to the aggregate Face Amount of the maturing Bankers’ Acceptance or face and/or Acceptance Note, together with such amount of as is required to repay the maturing Bankers’ Acceptance Noteor Acceptance Note in full. In the event that the Canadian Borrower fails to so deliver a Notice of ConversionContinuation/Extension Conversion and fails to make payment to the Canadian Administrative Agent on the relevant maturity date in respect of the maturing Bankers’ Acceptance AdvanceLoan, the sum of the aggregate Face Amount of the maturing Bankers’ Acceptances and the face amount of any Acceptance Note forming part of Notes comprising such maturing Bankers’ Acceptance Advance Loan shall be deemed to be converted to a Canadian Prime Rate Loan on the relevant maturity datedate and shall thereafter bear interest as such.

Payment on Maturity. The Canadian Borrower shall pay to the Canadian Administrative Agent, for the account of the BA Lenders or Acceptance Relevant Lenders, as applicable, on the maturity date last day of the Interest Period of any maturing Bankers’ ' Acceptance or Acceptance Note issued by the Canadian Borrower Note, an amount equal to the Face Amount of such maturing Bankers’ ' Acceptance or the face amount of such Acceptance Note, as the case may be; provided that that, subject to Sections 2.10 and 4.3B, the Canadian Borrower may, at its option, so reimburse pay the BA Lenders or Acceptance Relevant Lenders, as applicable, in whole or in part, by delivering to the Canadian Administrative Agent no later than 12:00 noon (Toronto time) two (2) the time and Business Days’ Day specified in Section 3.6 prior to the maturity date last day of a the Interest Period of such maturing Bankers’ ' Acceptance or Acceptance Note, as the case may be, a Notice of ConversionContinuation/Extension Conversion specifying the term next Interest Period of the Bankers’ ' Acceptance or and/or Acceptance Note to be accepted and purchased by the Acceptance Note, as Relevant Lenders in accordance with the case may beprovisions hereof, and presenting or causing to be presented a draft draft, depository b▇▇▇ or Acceptance Note to the BA Relevant Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance ' Acceptances or Acceptance Note, in the an aggregate Face Amount at least equal to the aggregate Face Amount of the maturing Bankers’ ' Acceptance and/or Acceptance Note, together with such amount as is required to repay the maturing Bankers' Acceptance or face amount of the maturing Acceptance NoteNote in full. In the event that the Canadian Borrower fails to so deliver a Notice of ConversionContinuation/Extension Conversion and fails to make payment to the Canadian Administrative Agent on the relevant maturity date in respect of the maturing Bankers’ ' Acceptance AdvanceLoan, the sum of the aggregate Face Amount of the maturing Bankers’ ' Acceptances and the face amount of any Acceptance Note forming part of Notes comprising such maturing Bankers’ ' Acceptance Advance Loan shall be deemed to be converted to a Canadian Prime Rate Loan on the relevant maturity datedate and shall thereafter bear interest as such.

Payment on Maturity. The Canadian A Borrower which has received a Bankers' Acceptance Advance shall pay to the Canadian Facility Agent, for the account of the BA Lenders or Acceptance Canadian Lenders, as applicable, on the maturity date of any such Bankers’ ' Acceptance or and the last day of the Interest Period of an Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ ' Acceptance or the face principal amount of such Acceptance Note, as the case may be; provided that the Canadian such Borrower may, at its option, so reimburse the BA Lenders or Acceptance Canadian Lenders, as applicable, in whole or in part, by delivering to the Canadian Facility Agent no later than 12:00 noon (Toronto time) 10:00 a.m. two (2) Business Days’ Banking Days prior to the maturity date of a maturing Bankers’ ' Acceptance or the last day of the Interest Period of an Acceptance Note, as the case may be, a Rollover Notice of Conversion/Extension specifying the term of the Bankers’ Acceptance ' Acceptances or the next Interest Period for such Acceptance Note, as the case may be, and presenting a draft drafts or Acceptance Note Notes to the BA Canadian Lenders or Acceptance Lenders, as applicable for acceptance and purchase resultinghaving, in the case of reimbursement in whole by replacement Bankers’ Acceptance ' Acceptances or Acceptance NoteNotes, in the an aggregate Face Amount equal to the Face Amount of the maturing Bankers’ Acceptance ' Acceptances or face principal amount of the maturing Acceptance NoteNotes. In the event that the Canadian a Borrower fails to deliver a Conversion Notice of Conversion/Extension or Rollover Notice and fails to make payment to the Canadian Facility Agent in respect of the maturing Bankers’ ' Acceptance Advance, the Face Amount of the maturing Bankers’ ' Acceptances and the face principal amount of any the Acceptance Note Notes forming part of such Bankers’ ' Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan Advance on the relevant maturity date.

Payment on Maturity. The Canadian Borrower shall pay to the Canadian Agent, for the account of the BA Lenders or Acceptance Lenders, as applicable, on the maturity date of any Bankers’ ' Acceptance or Acceptance Note issued by the Canadian Borrower an amount equal to the Face Amount of such maturing Bankers’ ' Acceptance or the face amount of such Acceptance Note, as the case may be; provided that the Canadian Borrower may, at its option, so reimburse the BA Lenders or Acceptance Lenders, as applicable, in whole or in part, by delivering to the Canadian Agent no later than 12:00 noon (Toronto time) two (2) Business Days’ ' prior to the maturity date of a maturing Bankers’ ' Acceptance or Acceptance Note, as the case may be, a Notice of Conversion/Extension specifying the term of the Bankers’ ' Acceptance or the Acceptance Note, as the case may be, and presenting a draft or Acceptance Note to the BA Lenders or Acceptance Lenders, as applicable for acceptance and purchase resulting, in the case of reimbursement in whole by replacement Bankers’ ' Acceptance or Acceptance Note, in the aggregate equal to the Face Amount of the maturing Bankers’ ' Acceptance or face amount of the maturing Acceptance Note. In the event that the Canadian Borrower fails to deliver a Notice of Conversion/Extension and fails to make payment to the Canadian Agent in respect of the maturing Bankers’ ' Acceptance Advance, the Face Amount of the maturing Bankers’ ' Acceptances and the face amount of any Acceptance Note forming part of such Bankers’ ' Acceptance Advance shall be deemed to be converted to a Canadian Prime Rate Loan on the relevant maturity date.