Changes to the L/G Facilities Sample Clauses

Changes to the L/G Facilities a. The Company shall notify the Agent in writing upon the Electronic Platform being available and operational (the "Electronic Platform Notification"). This Agreement shall become effective on 16 November 2020 (the "Effective Date"), provided that: (i) the Agent has received the Electronic Platform Notification; and (ii) the Agent has received a written notification from the Company confirming that the Company has entered into an Electronic Platform Agreement with each Issuing Bank substantially in the form attached hereto as Schedule 2 (Form of Electronic Platform Agreement). If the Agent does not receive the Electronic Platform Notification and the notification set out in paragraph (b) above until 9 November 2020, the Effective Date will not occur and the Parties shall agree on a new Effective Date. |EU-DOCS\29723125.9|| b. The Parties agree as follows: (i) the Company shall not submit any Utilisation Requests between three (3) Business Days prior to the Effective Date and the Effective Date under the Amended and Restated Facility Agreement; (ii) as of the Effective Date, the Commerzbank Online Guarantee System, accessible through the internet domain ▇▇▇.▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇ ("COGS") shall solely be used on a read only basis; after 90 days from Effective Date COGS shall no longer be used; (iii) that the COGS Agreement shall terminate with effect of the Effective Date; (iv) as of the Effective Date, the COGS Agent is released from its rights and obligations as COGS Agent and of any and all of its obligations in relation to COGS under the Finance Documents; and (v) the Company shall transfer and upload the L/G Data to the Electronic Platform as of the Effective Date.