Term and Interest Periods. The term of any Bankers' Acceptance shall be specified in the draft and in the Drawdown Notice or Rollover Notice or Conversion Notice and the term of any Bankers' Acceptance shall be for periods of approximately 30, 60, 90 or 180 days, unless otherwise agreed to by the Lenders. The term of each Bankers' Acceptance shall mature on a Banking Day. The Borrower shall ensure that no Bankers' Acceptance issued hereunder shall have a maturity date after the Maturity Date.
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Sources: Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp)
Term and Interest Periods. The term of any Bankers' ’ Acceptance shall be specified in the draft and in the Drawdown Notice, Conversion Notice or Rollover Notice or Conversion Notice and the term of any Bankers' ’ Acceptance shall be for periods of approximately 30, 60, 90 or 180 days, unless otherwise agreed to by the LendersLender acting reasonably. The term of each Bankers' ’ Acceptance shall mature on a Banking Business Day. The Borrower shall ensure that no Bankers' ’ Acceptance issued hereunder shall have a maturity date after the applicable Maturity Date.
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