Common use of Removal of a Lender Clause in Contracts

Removal of a Lender. On the day the notice referred to in Clause 8.4 (Notice of Removal of a Lender) expires each Borrower at whose request a Letter of Credit has been issued shall procure that such Lender's Proportion of each relevant Letter of Credit be reduced to zero (by reduction of the amount of such Letter of Credit in an amount equal to such Lender's Proportion).

Removal of a Lender. On the day the notice referred to in Clause 8.4 (Notice of Removal of a Lender) expires each Borrower at whose request a Letter of Credit has been issued shall procure that such Lender's ’s Proportion of each relevant Letter of Credit be reduced to zero (by reduction of the amount of such Letter of Credit in an amount equal to such Lender's ’s Proportion).

Removal of a Lender. (a) On the day the notice referred to in Clause 8.4 clause 7.4 (Notice of Removal of a Lender) expires each the Borrower at whose request a Letter of Credit has been issued shall procure that such Lender's ’s Proportion of each relevant Letter of Credit be reduced to zero (by reduction of the amount of such Letter of Credit in an amount equal to such Lender's ’s Proportion).

Removal of a Lender. 7.5.1 On the day the notice referred to in Clause 8.4 7.4 (Notice of Removal of a Lender) expires each the Borrower at whose request a Letter of Credit has been issued shall procure that such Lender's ’s Proportion of each relevant Letter of Credit be reduced to zero (by reduction of the amount of such Letter of Credit in an amount equal to such Lender's ’s Proportion).

Removal of a Lender. On the day the notice referred to in Clause 8.4 7.4 (Notice of Removal of a Lender) expires each the Borrower at whose request a Letter of Credit has been issued shall procure that such Lender's ’s Proportion of each relevant Letter of Credit be reduced to zero (by reduction of the amount of such Letter of Credit in an amount equal to such Lender's ’s Proportion).