Common use of Completion of a Utilisation Request for Guarantee Clause in Contracts

Completion of a Utilisation Request for Guarantee. The Utilisation Request for the Commercial Lenders Guarantee is irrevocable and will not be regarded as having been duly completed unless: (a) it specifies that it is for a Guarantee Facility Advance for the Commercial Lenders Guarantee; (b) it identifies that it is on the Borrower’s behalf; (c) the proposed Utilisation Date is a Business Day within the Availability Period-Commercial Lenders’ Guarantee; (d) the currency specified is USD and the amount of the proposed Commercial Lenders’ Guarantee is an amount of minimum USD 1,000,000 and which is not more than available pursuant to Clause 2.2 (Guarantee Facility). (e) the form of the Commercial Lenders’ Guarantee is as in Schedule 4 (Form of Utilisation Request) Part 2 Appendix A hereto; (f) the Expiry Date of the Commercial Lenders’ Guarantee falls on or before the Final Maturity Date; (g) the delivery instructions for the Commercial Lenders’ Guarantee are specified; and (h) the beneficiary of the Commercial Lenders’ Guarantee is Eksportfinans.

Completion of a Utilisation Request for Guarantee. The Utilisation Request for the Commercial Lenders Guarantee is irrevocable and will not be regarded as having been duly completed unless: (a) it specifies that it is for a Guarantee Facility Advance for the Commercial Lenders Guarantee; (b) it identifies that it is on the Borrower’s behalf; (c) the proposed Utilisation Date is a Business Day within the Availability Period-Commercial Lenders’ Guarantee; (d) the currency specified is USD and the amount of the proposed Commercial Lenders’ Guarantee is an amount of minimum USD 1,000,000 and which is not more than available pursuant to Clause 2.2 (Guarantee Facility). (e) the form of the Commercial Lenders’ Guarantee is as in Schedule 4 (Form of Utilisation Request) Part 2 Appendix A hereto; (f) the Expiry Date of the Commercial Lenders’ Guarantee falls on or before the Final Maturity Date; (g) the delivery instructions for the Commercial Lenders’ Guarantee are specified; and (h) the beneficiary of the Commercial Lenders’ Guarantee is Eksportfinansthe ECA Lender.

Completion of a Utilisation Request for Guarantee. The Utilisation Request for the Commercial Lenders Guarantee is irrevocable and will not be regarded as having been duly completed unless: (a) it specifies that it is for a Guarantee Facility Advance for the Commercial Lenders Guarantee; (b) it identifies that it is on the Borrower’s behalf; (c) the proposed Utilisation Date is a Business Day within the Availability Period-Commercial Lenders’ Guarantee; (d) the currency specified is USD and the amount of the proposed Commercial Lenders’ Guarantee is an amount of minimum USD 1,000,000 and which is not more than available pursuant to Clause 2.2 (Guarantee Facility). (e) the form of the Commercial Lenders’ Guarantee is as in Schedule 4 (Form of Utilisation Request) Part 2 Appendix A hereto; (f) the Expiry Date of the Commercial Lenders’ Guarantee falls on or before the Final Maturity Date; (g) the delivery instructions for the Commercial Lenders’ Guarantee are specified; and (h) the beneficiary of the Commercial Lenders’ Guarantee is Eksportfinansthe ECA Lender. If the Commercial Lenders Guarantee is not issued by the expiry of the Availability Period-Commercial Lenders’ Guarantee, the Guarantee Facility Commitment shall automatically be cancelled at the same time. Only one single utilisation may be made of the Commercial Lenders’ Guarantee in a maximum principal amount equal to the ECA Lender Commercial Facility Loan.