Renewal of a Letter of Credit. (A) The Borrower may request any Letter of Credit issued on its behalf be renewed by delivery to the Senior Facility Agent and the relevant LC Issuing Bank of a Renewal Request by the sixth Business Day before the date of the proposed renewal. (B) The Senior Lenders shall treat any Renewal Request in the same way as a Utilisation Request for a Letter of Credit except that the conditions set out in paragraph (E) of clause 7.4 (
Appears in 1 contract
Renewal of a Letter of Credit. (Aa) The A Borrower may request any Letter of Credit issued on its behalf be renewed by delivery to the Senior Facility Agent and the relevant LC Issuing Bank of a Renewal Request by the sixth Business Day before the date of the proposed renewalSpecified Time.
(Bb) The Senior Lenders Finance Parties shall treat any Renewal Request in the same way as a Utilisation Request for a Letter of Credit except that the conditions set out in paragraph (Ed) of clause 7.4 Clause 6.4 (
Appears in 1 contract
Renewal of a Letter of Credit. (Aa) The A Borrower may request any Letter of Credit issued on its behalf be renewed by delivery to the Senior Facility Agent and the relevant LC Issuing Bank of a Renewal Request by the sixth Business Day before Specified Time, and with respect to any Letter of Credit which is by its terms deemed to be automatically extended, such Letter of Credit shall be so renewed subject to the date of the proposed renewalterms thereof.
(Bb) The Senior Lenders Finance Parties shall treat any Renewal Request in the same way as a Utilisation Request for a Letter of Credit except that the conditions set out in paragraph paragraphs (Ee) and (h) of clause 7.4 Clause 6.4 (
Appears in 1 contract
Renewal of a Letter of Credit. (Aa) The A Borrower may request any Letter of Credit issued on its behalf be renewed by delivery to the Senior Facility Agent and the relevant LC Issuing Bank of a Renewal Request by the sixth Business Day before the date of the proposed renewalSpecified Time.
(Bb) The Senior Lenders Finance Parties shall treat any Renewal Request in the same way as a Utilisation Request for a Letter of Credit except that the conditions set out in paragraph paragraphs (Eg) and (h) of clause 7.4 Clause 6.4 (
Appears in 1 contract
