Common use of Exchange Approval Clause in Contracts

Exchange Approval. The Administrative Agent shall have received a copy of a letter from The Central Bank of The Bahamas to KIBL, KIL and the other Guarantors organized under the laws of the Commonwealth of The Bahamas, in a form and substance satisfactory to the Administrative Agent, confirming that it is aware of this Agreement and the Pledge Agreements and undertaking to make available to KIBL, KIL and such Guarantors such foreign exchange as may be necessary to enable KIBL, KIL and such Guarantors to fulfill their payment obligations under this Agreement in Dollars and to pledge the collateral under the Pledge Agreements and Debentures.

Exchange Approval. The Administrative Agent shall have ----------------- received a copy of a letter from The Central Bank of The Bahamas to KIBLSIBL, KIL SIHL and the other Guarantors organized under the laws of the The Commonwealth of The Bahamas, in a form and substance satisfactory to the Administrative Agent, confirming that it is aware of this Agreement and the Pledge Agreements and undertaking to make available to KIBLSIBL, KIL SIHL and such Guarantors such foreign exchange as may be necessary to enable KIBLSIBL, KIL SIHL and such Guarantors to fulfill their payment obligations under this Agreement in Dollars and to pledge the collateral under the Pledge Agreements and Debentures.

Exchange Approval. The Administrative Agent shall have received a copy of a letter from The Central Bank of The Bahamas to KIBLSIBL, KIL SIHL and the other Guarantors organized under the laws of the The Commonwealth of The Bahamas, in a form and substance satisfactory to the Administrative AgentManaging Agents, confirming that it is aware of this Agreement and the Pledge Agreements and undertaking to make available to KIBLSIBL, KIL SIHL and such Guarantors such foreign exchange as may be necessary to enable KIBLSIBL, KIL SIHL and such Guarantors to fulfill their payment obligations under this Agreement in Dollars and to pledge the collateral under the Pledge Agreements and Debentures.

Exchange Approval. The Administrative Agent shall have received a copy of a letter from The Central Bank of The Bahamas to KIBL, KIL and the other Guarantors organized under the laws of the Commonwealth of The Bahamas, in a form and substance reasonably satisfactory to the Administrative Agent, confirming that it is aware of this Agreement and the Pledge Agreements and undertaking to make available to KIBL, KIL and such Guarantors such foreign exchange as may be necessary to enable KIBL, KIL and such Guarantors to fulfill their payment obligations under this Agreement in Dollars and to pledge the collateral under the Pledge Agreements and Debentures.