Common use of Letter of Credit Expiration Extensions Clause in Contracts

Letter of Credit Expiration Extensions. Each Tranche 1 Lender acknowledges that to the extent provided under the terms of any Tranche 1 Letter of Credit, the expiration date of such Tranche 1 Letter of Credit will be automatically extended for an additional year, without written amendment, unless at least 30 days prior to the expiration date of such Tranche 1 Letter of Credit, notice is given by the Issuing Agent to the beneficiary of such Tranche 1 Letter of Credit in accordance with the terms of the respective Tranche 1 Letter of Credit (a "Notice of Non-Extension") that the expiration date of such Tranche 1 Letter of Credit will not be extended beyond its current expiration date. The Issuing Agent will give Notices of Non-Extension as to any or all outstanding Tranche 1 Letters of Credit if requested to do so by the Required Lenders pursuant to Section 9. The Issuing Agent will give Notices of Non-Extension as to all outstanding Tranche 1 Letters of Credit if the Commitment Expiration Date has occurred. The Issuing Agent will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.

Letter of Credit Expiration Extensions. Each Tranche 1 2 Lender acknowledges that to the extent provided under the terms of any Tranche 1 2 Letter of Credit, the expiration date of such Tranche 1 2 Letter of Credit will be automatically extended for an additional year, without written amendment, unless at least 30 days prior to the expiration date of such Tranche 1 2 Letter of Credit, notice is given by the Issuing Agent to the beneficiary of such Tranche 1 2 Letter of Credit in accordance with the terms of the respective Tranche 1 2 Letter of Credit (a "Notice of Non-Extension") that the expiration date of such Tranche 1 2 Letter of Credit will not be extended beyond its current expiration date. The Issuing Agent will give Notices of Non-Extension as to any or all outstanding Tranche 1 2 Letters of Credit if requested to do so by the Required Lenders pursuant to Section 9. The Issuing Agent will give Notices of Non-Extension as to all outstanding Tranche 1 2 Letters of Credit if the Commitment Expiration Date has occurred. The Issuing Agent will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.

Letter of Credit Expiration Extensions. Each Tranche 1 Lender acknowledges that to the extent provided under the terms of any Tranche 1 Letter of Credit, the expiration date of such Tranche 1 Letter of Credit will be automatically extended for an additional year, without written amendment, unless at least 30 days prior to the expiration date of such Tranche 1 Letter of Credit, notice is given by the Issuing Agent or the relevant Issuing Lender, as the case may be, to the beneficiary of such Tranche 1 Letter of Credit in accordance with the terms of the respective Tranche 1 Letter of Credit (a "“Notice of Non-Extension"”) that the expiration date of such Tranche 1 Letter of Credit will not be extended beyond its current expiration date. The Issuing Agent or the relevant Issuing Lender, as the case may be, will give Notices a Notice of Non-Extension as to any or all outstanding Tranche 1 Letters Letter of Credit if requested to do so by the Required Lenders pursuant to Section 9. The Issuing Agent or the relevant Issuing Lender, as the case may be, will give Notices a Notice of Non-Extension as to all each outstanding Tranche 1 Letters Letter of Credit if the Commitment Expiration Date has occurred. The Issuing Agent or the relevant Issuing Lender, as the case may be, will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.

Letter of Credit Expiration Extensions. Each Tranche 1 2 Lender acknowledges that to the extent provided under the terms of any Tranche 1 2 Letter of Credit, the expiration date of such Tranche 1 2 Letter of Credit will be automatically extended for an additional year, without written amendment, unless at least 30 days prior to the expiration date of such Tranche 1 2 Letter of Credit, notice a Notice of Non-Extension is given by the Issuing Agent to the beneficiary of such Tranche 1 2 Letter of Credit in accordance with the terms of the respective Tranche 1 2 Letter of Credit (a "Notice of Non-Extension") that the expiration date of such Tranche 1 2 Letter of Credit will not be extended beyond its current expiration date. The Issuing Agent or the relevant Issuing Lender, as the case may be, will give Notices a Notice of Non-Extension as to any or all outstanding Tranche 1 Letters 2 Letter of Credit if requested to do so by the Required Lenders pursuant to Section 9. The Issuing Agent or the relevant Issuing Lender, as the case may be, will give Notices a Notice of Non-Extension as to all each outstanding Tranche 1 Letters 2 Letter of Credit if the Commitment Expiration Date has occurred. The Issuing Agent or the relevant Issuing Lender, as the case may be, will send a copy of each Notice of Non-Extension to the respective Designated Subsidiary Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law from doing so.