Common use of Acknowledgement of Automatic Extension Clause in Contracts

Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with Clause 6.2 (Revocation Notice) whereupon such Letters of Credit shall terminate on the earlier of, the date specified therein and 31 December 2012.

Appears in 1 contract

Samples: Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

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Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with Clause 6.2 (Revocation Notice) whereupon such Letters of Credit shall terminate on the earlier of, the date specified therein and 31 December 20122013.

Appears in 1 contract

Samples: £110,000,000 Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with Clause 6.2 the terms of clause 3.10 (Revocation Notice) whereupon below and that accordingly such Letters Letter of Credit shall will terminate on the earlier of, of the date specified therein and 31 December 20122027.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)

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Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with Clause 6.2 the terms of clause 3.10 (Revocation Notice) whereupon below and that accordingly such Letters Letter of Credit shall will terminate on the earlier of, of the date specified therein and 31 December 20122026.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)

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