SWY » Topics » 4.3 Form of Acceptances .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

4.3 Form of Acceptances.

 

Each Draft presented by Canada Safeway shall (i) be in an integral multiple of Cdn.$1,000; (ii) be dated the date of the Drawing; (iii) mature and be payable by Canada Safeway (in common with all other Drafts presented in connection with such Drawing) on a Business Day which occurs approximately 30, 60, 90, 120 or 180 days after the date thereof or such shorter period than 180 days as agreed by Canada Safeway and such Canadian Lender or Administrative Agent; (iv) be substantially in the form of Exhibit XII annexed hereto or such other form as may be agreed by Canada Safeway and such Canadian Lender or Administrative Agent; and (iv) be otherwise consistent with the provisions of this Agreement relating to the amounts and maturity dates thereof. The acceptance endorsed by a Canadian Lender on any Draft shall be substantially in the form of Exhibit XI annexed hereto or such other form as may be agreed by Canada Safeway and such Canadian Lender or Administrative Agent.

 

Canada Safeway hereby renounces, and shall not claim, any days of grace for the payment of any Acceptances.

 

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