Common use of Completion of a Utilisation Request for Letters of Credit Clause in Contracts

Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under the Facility; (C) the proposed Utilisation Date is a Business Day within the Availability Period; (D) the currency and amount of the Letter of Credit comply with clause 7.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Facility; and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 2 contracts

Samples: Deed of Amendment and Restatement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

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Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (Aa) it specifies that it is for a Letter of Credit; (Bb) it specifies identifies the amount that is to be utilised under Borrower and the FacilityIssuing Bank; (Cc) the proposed Utilisation Date is a Business Day within the Availability Period; (Dd) the currency and amount of the Letter of Credit comply with clause 7.5 Clause ‎7.5 (AmountCurrency and amount); (Ee) the form of Letter of Credit is attached; (Ff) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Facility; andapplicable Termination Date; (Gg) the delivery instructions for the Letter of Credit are specified; and (h) it identifies the beneficiary.

Appears in 1 contract

Samples: Facility Agreement (Linde PLC)

Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under the Facility; (C) the proposed Utilisation Date is a Business Day within the Availability Period; (D) the currency and amount of the Letter of Credit comply with clause Clause 7.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Facility; and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 1 contract

Samples: Loan Agreement (Kosmos Energy Ltd.)

Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under the Facility; (C) the proposed Utilisation Date is a Business Day within the Availability Period; (D) the currency and amount of the Letter of Credit comply with clause 7.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Facility; and and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 1 contract

Samples: Loan Agreement (Kosmos Energy Ltd.)

Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under the Non-IFC Facility; (C) the proposed Utilisation Date is a Business Day within the Availability Period; (D) the currency and amount of the Letter of Credit comply with clause 7.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Non-IFC Facility; and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 1 contract

Samples: Facility Agreement (Kosmos Energy Ltd.)

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Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under the Non-IFC Facility; (C) the proposed Utilisation Date is a Business Day within the Availability Period; (D) the currency and amount of the Letter of Credit comply with clause 7.5 15.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the Non-IFC Facility; and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 1 contract

Samples: Deed of Amendment and Restatement (Kosmos Energy Ltd.)

Completion of a Utilisation Request for Letters of Credit. Each Utilisation Request for a Letter of Credit is irrevocable and will not be regarded as having been duly completed unless: (A) it specifies that it is for a Letter of Credit; (B) it specifies the amount that is to be utilised under each of the FacilitySenior Facilities; (C) the proposed Utilisation Date is a Business Day within the Senior Availability PeriodPeriod after the Satisfaction Date; (D) the currency and amount of the Letter of Credit comply with clause 7.5 (Amount); (E) the form of Letter of Credit is attached; (F) the Expiry Date of the Letter of Credit falls on or before the Final Repayment Date for the FacilitySenior Facilities; and (G) the delivery instructions for the Letter of Credit are specified.

Appears in 1 contract

Samples: Common Terms Agreement (Kosmos Energy Ltd.)

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