Letter of Credit Expiration Date definition

Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

Letter of Credit Expiration Date means the day that is seven (7) days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

Letter of Credit Expiration Date means the day that is five Business Days prior to (a) the initial Revolving Credit Maturity Date or (b) if the Commitment of each applicable Issuing Bank is extended pursuant to a Revolving Extension Series, the Latest Maturity Date (or, in each case, if such day is not a Business Day, the next preceding Business Day).

Examples of Letter of Credit Expiration Date in a sentence

• Within the foregoing limits, and subject to the terms and conditions hereof, Xxxxxxxx’s ability to obtain Letters of Credit shall be fully revolving, and accordingly Borrower may, during the period from the Closing Date until the Letter of Credit Expiration Date, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

• Such fronting fee shall be due and payable on the first Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.

• Upon the request of the Agent or any Issuing Bank if, as of the Letter of Credit Expiration Date, any L/C Obligation in respect of Letters of Credit issued by such Issuing Bank for any reason remains outstanding, the Parent Borrower shall immediately Cash Collateralize, or cause to be Cash Collateralized, the then Outstanding Amount of all such L/C Obligations.

More Definitions of Letter of Credit Expiration Date

Letter of Credit Expiration Date means the day that is thirty days prior to the Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day).

Letter of Credit Expiration Date means the day that is five (5) Business Days prior to the scheduled Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day).

Letter of Credit Expiration Date means the date which is five Business Days prior to the Revolving Maturity Date.

Letter of Credit Expiration Date means the day that is three Business Days prior to the scheduled Maturity Date then in effect for the Revolving Credit Facility.

Letter of Credit Expiration Date means the day that is five Business Days prior to the Termination Date.

Letter of Credit Expiration Date has the meaning provided in Section 2.05(a).

Letter of Credit Expiration Date means the day that is five (5) days prior to the Termination Date (or, if such day is not a Business Day, the next preceding Business Day).