Common use of Acknowledgement of Automatic Extension Clause in Contracts

Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with the terms of clause 3.10 (Revocation Notice) below and that accordingly such Letter of Credit will terminate on the earlier of the date specified therein and 31 December 2027.

Appears in 1 contract

Samples: Agreement (Hamilton Insurance Group, Ltd.)

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Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with the terms of clause 3.10 (Revocation Notice) below and that accordingly such Letter of Credit will terminate on the earlier of the date specified therein and 31 December 20272026.

Appears in 1 contract

Samples: Assignment Agreement (Hamilton Insurance Group, Ltd.)

Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with the terms of clause 3.10 Clause 6.2 (Revocation Notice) below and that accordingly whereupon such Letter Letters of Credit will shall terminate on the earlier of of, the date specified therein and 31 December 20272013.

Appears in 1 contract

Samples: Agreement (Montpelier Re Holdings LTD)

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Acknowledgement of Automatic Extension. Each Lender acknowledges that each Letter of Credit will continue in effect until such time as the Agent gives a Revocation Notice in accordance with the terms of clause 3.10 Clause 6.2 (Revocation Notice) below and that accordingly whereupon such Letter Letters of Credit will shall terminate on the earlier of of, the date specified therein and 31 December 20272012.

Appears in 1 contract

Samples: Agreement (Montpelier Re Holdings LTD)

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