Common use of Renewal of Documentary Credits Clause in Contracts

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the L/C Bank a Renewal Request which complies with Clause 4.1 (Conditions to Utilisation). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 have been met, the L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the relevant L/C Bank a Renewal Request which complies with Clause 4.1 (Conditions to Utilisation). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 have been met, the relevant L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the relevant L/C Bank a Renewal Request which complies with Clause 4.1 4.2 (Conditions to Further conditions precedent), Clause 5 (Utilisation) and Part 2 of Schedule 3 (Requests). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Documentary Credit Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 7.2 have been met, the relevant L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each The Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the L/C Bank a Renewal Request which complies with Clause 4.1 (Conditions to Utilisation). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 Agreement have been met, the L/C Bank shall amend and re-issue the relevant a Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each A Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the L/C Bank a Renewal Request which complies with Clause 4.1 (Conditions to Utilisation). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 Agreement have been met, the L/C Bank shall amend and re-issue the relevant a Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each The Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the L/C Bank a Renewal Request which complies with Clause 4.1 (Conditions to Utilisation). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 have been met, the L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the relevant L/C Bank a Renewal Request which complies with Clause 4.1 4.2 (Conditions to UtilisationFurther conditions precedent), Clause 5 (Utilisations) and Part 2 of Schedule 3 (Requests). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Documentary Credit Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 7.2 (Renewal of Documentary Credits)) have been met, the relevant L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the relevant L/C Bank a Renewal Request which complies with Clause 4.1 4.2 (Conditions to UtilisationFurther conditions precedent), Clause 5 (Utilisations) and Part 2 of Schedule 3 (Requests). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; andand 63140965_9 (ii) its Documentary Credit Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 7.2) have been met, the relevant L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.

Renewal of Documentary Credits. (a) Each Borrower (other than the US Borrower) may request that a Documentary Credit issued on its behalf be renewed by delivering to the Facility Agent and the relevant L/C Bank a Renewal Request which complies with Clause 4.1 4.2 (Conditions to UtilisationFurther conditions precedent), Clause 5 (Utilisations) and Part 2 of Schedule 3 (Requests). (b) The terms of each renewed Documentary Credit shall be the same as those of the relevant Documentary Credit immediately prior to its renewal, except that (as stated in the Renewal Request therefor): (i) its amount may be less than the amount of such Documentary Credit immediately prior to its renewal; and (ii) its Documentary Credit Term shall start on the date which was the Expiry Date of that Documentary Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. (c) If the conditions set out in this Clause 5.2 7.2) have been met, the relevant L/C Bank shall amend and re-issue the relevant Documentary Credit pursuant to a Renewal Request.