SWY » Topics » 4.8 Power of Attorney in Favor of Canadian Lenders .

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

4.8 Power of Attorney in Favor of Canadian Lenders.

 

Canada Safeway hereby appoints each Canadian Lender, acting by any authorized signatory of such Canadian Lender, the attorney of Canada Safeway:

 

(a) to execute, for and on behalf and in the same name of Canada Safeway as drawer, and to endorse on its behalf, drafts in a form in accordance with subsection 4.3 and which constitute depository bills for the purpose of the DBNA;

 

(b) to complete the amount, date and maturity of such Acceptances; and

 

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(c) to deposit such Acceptances that have been accepted by such Canadian Lender with a clearing house (as defined in the DBNA);

 

provided that such acts in each case are undertaken by such Canadian Lender in accordance with instructions given to such Canadian Lender by Canada Safeway as provided in this subsection 4.8. For certainty, signatures of any authorized signatory of such Canadian Lender may be mechanically reproduced in facsimile on Acceptances issued in accordance with this subsection 4.8 and such facsimile signatures will be binding and effective as if they had been manually executed by such authorized signatory of such Canadian Lender. Instructions from Canada Safeway to such Canadian Lender relating to the execution, completion, endorsement, discount and/or delivery by such Canadian Lender on behalf of Canada Safeway of Acceptances will be communicated by delivery of a Drawing Notice to Administrative Agent.

 

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