Purchase of Acceptances Clause Samples

The 'Purchase of Acceptances' clause defines the terms under which a party, typically a financial institution, agrees to buy acceptances—negotiable instruments or drafts that have been accepted by a bank—from another party. This clause outlines the conditions for such purchases, including pricing, timing, and any documentation required to complete the transaction. By establishing clear procedures and obligations for the purchase of acceptances, the clause facilitates liquidity for the seller and ensures the buyer receives valid, enforceable instruments, thereby reducing uncertainty and transactional risk.
Purchase of Acceptances. (a) Each Canadian Lender hereby agrees, on the terms and subject to the conditions set forth in this Agreement, to purchase Acceptances created by it on the Borrowing Date with respect thereto for the applicable Acceptance Purchase Price and to notify the Canadian Administrative Agent that such Draft has been accepted and purchased by such accepting Canadian Lender. (b) In the event that the Canadian Administrative Agent receives a Request for Acceptances to be created upon conversion of Canadian Term Loans pursuant to Section 5.1, then the Canadian Borrower shall pay on the requested Borrowing Date to the Canadian Administrative Agent, for the account of the Canadian Lenders, the principal amount of the then outstanding Canadian Term Loans being so converted, and each Canadian Lender shall accept and purchase the Canadian Borrower's Drafts having an aggregate face amount not greater than the principal amount of the Canadian Term Loans of such Canadian Lender which are then being converted (it being understood and agreed that for the purposes of this Section 5.3(b), such payment by the Canadian Borrower of such outstanding Canadian Term Loans may be in part from the Acceptance Purchase Price of such Drafts); provided that, following the occurrence and during the continuance of a Default or an Event of Default, no Acceptances may be created. (c) Acceptances purchased by any Canadian Lender may be held by it for its own account until maturity or sold by it at any time prior thereto in the relevant market therefor in Canada in such Canadian Lender's sole discretion.
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Purchase of Acceptances. 42 5.4 Stamping Fees.................................................................................... 42 5.5
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Related to Purchase of Acceptances

  • Conditions of Acceptance The insurance maintained by the Company must conform at all times with the Authority’s Standard Procedure S250.06, Contractual Insurance Terms and Conditions, which may be amended from time to time, and is posted on the Authority website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ > Learn about TPA > Airport Business > Procurement > Additional Supplier Resources – Contractual Insurance Terms and Conditions.

  • Notice of Acceptance Notice of each Offeree’s intention to accept, in whole or in part, any Offer made shall be evidenced by a writing signed by such Offeree and delivered to the Company prior to the end of the 20-day period of such offer, setting forth such of the Offeree’s Basic Amount as such Offeree elects to purchase and, if such Offeree shall elect to purchase all of its Basic Amount, such Undersubscription Amount as such Offeree shall elect to purchase (the “Notice of Acceptance”). If the Basic Amounts subscribed for by all Offerees are less than the total Offered Securities, then each Offeree who has set forth Undersubscription Amounts in its Notice of Acceptance shall be entitled to purchase, in addition to the Basic Amounts subscribed for, all Undersubscription Amounts it has subscribed for; provided, however, that should the Undersubscription Amounts subscribed for exceed the difference between the Offered Securities and the Basic Amounts subscribed for (the “Available Undersubscription Amount”), each Offeree who has subscribed for any Undersubscription Amount shall be entitled to purchase only that portion of the Available Undersubscription Amount as the Undersubscription Amount subscribed for by such Offeree bears to the total Undersubscription Amounts subscribed for by all Offerees, subject to rounding by the Board of Directors to the extent it reasonably deems necessary.

  • CONTRACT ACCEPTANCE By acceptance of this order, ▇▇▇▇▇▇ agrees that the scope of the work required is understood by ▇▇▇▇▇▇; that there are no informal commitments by Buyer that in any way affect the work under this order; that there are no open or unresolved issues related to this order except as explicitly stated herein; and that ▇▇▇▇▇▇ therefore understands and agrees that this order states the complete agreement of the parties. CAS requirements do not apply if the order does not exceed $650,000 or if the Seller claims an exemption per the Proposal Representation and Certification, or if certified cost or pricing data was not provided.

  • CERTIFICATE OF ACCEPTANCE Upon successful completion of the Technical Acceptance Process, the Buyer will, on or before the Delivery Date, sign and deliver to the Seller a certificate of acceptance in respect of the Aircraft in the form of Exhibit D (the “Certificate of Acceptance”).

  • Acceptance; Purchase Buyer shall accept the goods and pay sum of: $88,170.00 for the goods in accordance with the terms of this Agreement.