Common use of Completion of Letters of Credit Clause in Contracts

Completion of Letters of Credit. The Agent is authorised to issue each Letter of Credit pursuant to Clause 3.1 (Utilisation Conditions for the Facility) by: 3.3.1 completing the issue date, the proposed Expiry Date and the other details required in respect of such Letter of Credit, in accordance with the Utilisation Request for such Letter of Credit; 3.3.2 completing the schedule to such Letter of Credit with the percentage participation of each Lender as allocated pursuant to the terms hereof; and 3.3.3 executing such Letter of Credit on behalf of each Lender and following such execution delivering such Letter of Credit together with a Credit Institution Confirmation with respect to each Lender to Lloyd’s on the Utilisation Date, and, promptly after each such Letter of Credit is delivered to Lloyd’s, the Agent shall send a copy of it to the Borrower that requested such Letter of Credit.

Completion of Letters of Credit. The Agent is authorised to issue each Letter of Credit pursuant to Clause 3.1 (Utilisation Conditions for the Facility) by: 3.3.1 completing the issue date, the proposed Expiry Date and the other details required in respect of such Letter of Credit, in accordance with the Utilisation Request for such Letter of Credit; 3.3.2 completing the schedule to such Letter of Credit with the percentage participation of each Lender as allocated pursuant to the terms hereof; and 3.3.3 executing such Letter of Credit on behalf of each Lender and following such execution delivering such Letter of Credit together with a Credit Institution Confirmation with respect to each Lender to Lloyd’s 's on the Utilisation Date, and, promptly after each such Letter of Credit is delivered to Lloyd’s's, the Agent shall send a copy of it to the Borrower that requested such Letter of Credit.

Completion of Letters of Credit. The Agent is authorised to issue each Letter of Credit pursuant to Clause 3.1 (Utilisation Conditions for the Facility) by: 3.3.1 completing the issue date, the proposed Expiry Date and the other details required in respect of such Letter of Credit, in accordance with the Utilisation Request for such Letter of Credit; 3.3.2 completing the schedule to such Letter of Credit with the percentage participation of each Lender as allocated pursuant to the terms hereof; and 3.3.3 executing such Letter of Credit on behalf of each Lender and following such execution delivering such Letter of Credit together with a Credit Institution Confirmation with respect to each Lender to Lloyd’s on the Utilisation Date, and, promptly after each such Letter of Credit is delivered to Lloyd’s, the Agent shall send a copy of it to the Borrower that requested such Letter of CreditBorrower.

Completion of Letters of Credit. The Agent is authorised to issue each Letter of Credit pursuant to Clause 3.1 (Utilisation Conditions for the Facility) by: 3.3.1 completing the issue date, the proposed Expiry Date and the other details required in respect of such Letter of Credit, in accordance with the Utilisation Request for such Letter of Credit; 3.3.2 completing the schedule to such Letter of Credit with the percentage participation of each Lender as allocated pursuant to the terms hereof; and 3.3.3 executing such Letter of Credit on behalf of each Lender and following such execution delivering such Letter of Credit together with a Credit Institution Confirmation with respect to each Lender to Lloyd’s 's on the Utilisation Date, and, promptly after each such Letter of Credit is delivered to Lloyd’s's, the Agent shall send a copy of it to the Borrower that requested such Letter of CreditBorrower.