Common use of Cash Collateralisation of Documentary Credits Clause in Contracts

Cash Collateralisation of Documentary Credits. A relevant Borrower may give the Facility Agent not less than 5 Business Days’ prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced in accordance with such notice by providing cash cover therefor in accordance with Clause 1.8 (Documentary Credits) (in each case,) or by reducing the Outstanding L/C Amount of such Documentary Credit or by cancelling such Documentary Credit and returning the original to the L/C Bank or the Facility Agent on behalf of the Lenders.

Cash Collateralisation of Documentary Credits. A relevant In relation to any unexpired Documentary Credit, the Borrower may give the Facility Agent not less than 5 3 Business Days’ prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it issued to it, and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced to zero and repaid in accordance with such notice full by providing cash cover therefor (in accordance with Clause 1.8 5 (Documentary Credits) (in each case,)) or by reducing the Outstanding L/C Amount of such Documentary Credit or by cancelling such Documentary Credit and returning the original to the L/C Bank or the Facility Agent on behalf of the Lenders.

Cash Collateralisation of Documentary Credits. A relevant In relation to any unexpired Documentary Credit, a Borrower may give the Facility Agent not less than 5 3 Business Days’ prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it issued to it, and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced to zero and repaid in accordance with such notice full by providing cash cover therefor (in accordance with Clause 1.8 5 (Documentary Credits) (in each case,)) or by reducing the Outstanding L/C Amount of such Documentary Credit or by cancelling such Documentary Credit and returning the original to the L/C Bank or the Facility Agent on behalf of the Lenders.

Cash Collateralisation of Documentary Credits. A relevant The Borrower may give the Facility Agent not less than 5 Business Days’ prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced to zero and repaid in accordance with such notice full by providing cash cover therefor in accordance with Clause 1.8 1.9 (Documentary Credits) (in each case,) or by reducing the Outstanding L/C Amount of such Documentary Credit or by cancelling such Documentary Credit and returning the original to the L/C Bank or the Facility Agent on behalf of the Lenders.

Cash Collateralisation of Documentary Credits. A relevant Borrower may give the Facility Agent not less than 5 Business Days’ Days prior written notice of its intention to repay all or any portion of a Documentary Credit requested by it and, having given such notice, shall procure that the relevant Outstanding L/C Amount in respect of such Documentary Credit is reduced in accordance with such notice by providing cash cover therefor in accordance with Clause 1.8 (Documentary Credits) (in each case,) or by reducing the Outstanding L/C Amount of such Documentary Credit or by cancelling such Documentary Credit and returning the original to the L/C Bank or the Facility Agent on behalf of the Lenders.