Common use of Extension of Expiry Date Clause in Contracts

Extension of Expiry Date. The Borrowers may, by notice in writing to the Bank signed by a duly authorised signatory of the Borrowers not later than 11.00 a.m. (Piraeus time) five (5) Banking Days prior to the Expiry Date of an L/C, request that such Expiry Date be extended. Subject to compliance with the following conditions: 2.19.1 the extended Expiry Date shall be a date falling not later than the Final Maturity Date; 2.19.2 no Default has occurred and is continuing as at the date on which such extension is implemented; 2.19.3 the representations and warranties in clause 7 and those (if any) in the Security Documents would be true and not misleading if repeated on the date of the request for extension; and 2.19.4 the Bank is satisfied that the test contained in clause 8.2.7 would not then or in the future be breached by reason of the requested extension, the Bank shall agree to and implement such request by amending and re-issuing the relevant L/C.

Extension of Expiry Date. The Borrowers Borrower may, by notice in writing to the Agent and the Issuing Bank signed by a duly authorised signatory of the Borrowers Borrower not later than 11.00 a.m. (Piraeus time) five (5) Banking Days prior to the Expiry Date of an L/Ca UC, request that the Banks approve the extension of such Expiry Date be extendedDate. Subject to compliance with the following conditions: 2.19.1 2.6.1 the extended Expiry Date shall be a date falling not later than the Final Maturity DateDate for the Guarantee Facility; 2.19.2 2.6.2 no Default has occurred and is continuing as at the date on which such extension is implemented; 2.19.3 2.6.3 the representations and warranties in clause 7 and those (if any) in the Security Documents would be true and not misleading if repeated on the date of the request for extension; and 2.19.4 2.6.4 the Bank Agent is satisfied that the test contained in clause 8.2.7 2.1.1(b) and in clause 8.2.1 would not then or in the future be breached by reason of the requested extension, the Bank Banks (acting through the Agent) shall agree to and implement such request by amending and re-issuing the relevant L/C.

Extension of Expiry Date. The Borrowers Borrower may, by notice in writing to the Bank Lender signed by a duly authorised signatory of the Borrowers Borrower not later than 11.00 a.m. (Piraeus time) five (5) Banking 5 Business Days prior to the Expiry Date of an L/C, request that such Expiry Date be extended. Subject to compliance with the following conditions: 2.19.1 (a) the extended Expiry Date shall be a date falling not later than the Final Maturity Termination Date; 2.19.2 (b) no Event of Default of Potential Event of Default has occurred and is continuing as at the date on which such extension is implemented; 2.19.3 (c) the representations and warranties in clause 7 Clause 14.1 and those (if any) in the Security Documents would be true and not misleading if repeated on the date of the request for extension; and 2.19.4 (d) the Bank Lender is satisfied that the test contained in clause 8.2.7 Clause 3.4(d) would not then or in the future to be breached by reason of the requested extension, the Bank Lender shall agree to and implement such request by amending and re-issuing the relevant L/C.LC.

Extension of Expiry Date. The Borrowers Borrower may, by notice in writing to the Agent and the Issuing Bank signed by a duly authorised signatory of the Borrowers Borrower not later than 11.00 a.m. (Piraeus time) five (5) Banking Days prior to the Expiry Date of an a L/C, request that the Banks approve the extension of such Expiry Date be extendedDate. Subject to compliance with the following conditions: 2.19.1 2.6.1 the extended Expiry Date shall be a date falling not later than the Final Maturity DateDate for the Guarantee Facility; 2.19.2 2.6.2 no Default has occurred and is continuing as at the date on which such extension is implemented; 2.19.3 2.6.3 the representations and warranties in clause 7 and those (if any) in the Security Documents would be true and not misleading if repeated on the date of the request for extension; and 2.19.4 2.6.4 the Bank Agent is satisfied that the test contained in clause 8.2.7 2.1.1(b) and in clause 8.2.1 would not then or in the future be breached by reason of the requested extension, the Bank Banks (acting through the Agent) shall agree to and implement such request by amending and re-issuing the relevant L/C.