Best Buy 2003 Annual Report Download - page 81
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11
either party may in writing notify the other party or by facsimile transmission and confirmed in writing to:
In the case of the Bank:
to the address or telecopier number
of the Lending Branch set out on the
first page hereof
Attention: Senior Vice President & Branch Manager
Telecopier No. 604−641−1808
In the case of the Borrower:
Best Buy Canada Ltd.
8800 Glenlyon Parkway
Burnaby, British Columbia
V5J 5K3
Attention: Kevin Layden
President & Chief Operating Officer
Telecopier No. (604) 412−5240
Notice shall be deemed to have been received by a party within 3 Business Days of delivery to the applicable address contemplated
above. Notices by facsimile transmission shall be deemed to have been given upon receipt thereof at the address indicated above.
6.14. Governing Law – This Offer Letter shall be governed by and construed in
accordance with the laws of the Province of British Columbia and the laws of Canada
applicable therein.
6.15. Counterparts and Telecopy − This offer letter may be signed in counterparts and
by telecopy, each of which counterparts shall be deemed to be an original, and all such
counterparts and telecopies together shall constitute one and the same instrument.
6.16. Bank’s Solicitors − Legal work and documentation is to be performed on behalf
of the Bank by Messrs. Lawson Lundell, Barristers and Solicitors, 1600 Cathedral
Place, 925 West Georgia Street, Vancouver, British Columbia.
7. Definitions and Interpretation:
In the attached Offer Letter the following terms shall have the following meanings:
7.1. “Acceptable Inventory” means the value based on the lower of cost and fair
market value (as reasonably determined by the Bank or its agents) of all materials
owned by the Borrower for resale or for the production of goods for resale,
12