Common use of Request for Issuance, Amendment, Renewal, Extension; Certain Conditions Clause in Contracts

Request for Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Bank Guarantee or the amendment, renewal or extension of an outstanding Bank Guarantee, Borrower shall hand deliver or transmit by facsimile transmission (or transmit by electronic communication, if arrangements for doing so have been approved by the Guarantee Bank) a Bank Guarantee Request to the Guarantee Bank and the Administrative Agent not later than 1:00 p.m., London time, on the third Business Day preceding the requested date of issuance, amendment, renewal or extension (or such later date and time as is acceptable to the Guarantee Bank). A Bank Guarantee shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Bank Guarantee, Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the total Revolving Exposures shall not exceed the total Revolving Commitments, and (ii) the conditions set forth in Article IV in respect of such issuance, amendment, renewal or extension shall have been satisfied. Unless the Guarantee Bank shall agree otherwise, no Bank Guarantee shall be in an initial amount less than $10,000.

Request for Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Bank Guarantee Letter of Credit or the amendment, renewal or extension of an outstanding Bank GuaranteeLetter of Credit, Borrower shall hand deliver or transmit by facsimile transmission (or transmit by electronic communication, if arrangements for doing so have been approved by the Guarantee Issuing Bank) a Bank Guarantee an LC Request to the Guarantee Issuing Bank and the Administrative Agent not later than 1:00 p.m., London time, on the third Business Day preceding the requested date of issuance, amendment, renewal or extension (or such later date and time as is acceptable to the Guarantee Issuing Bank). A Bank Guarantee Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Bank GuaranteeLetter of Credit, Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the total Revolving Exposures shall not exceed the total Revolving Commitments, and (ii) the conditions set forth in Article IV in respect of such issuance, amendment, renewal or extension shall have been satisfied. Unless the Guarantee Issuing Bank shall agree otherwise, no Bank Guarantee Letter of Credit shall be in an initial amount less than $10,000.