Common use of Amounts; Outside Expiration Date Clause in Contracts

Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit at any time: (i) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (ii) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Revolving Availability of the Borrower at such time; or (iii) which has an expiration date later than the Stated Termination Date or more than twelve (12) months from the date of issuance (except with respect to stand-by Letters of Credit which automatically renew each year).

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

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Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit for a Borrower at any time: (i1) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility applicable to that Borrower at such time; (ii2) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the that Borrower in connection with the opening thereof exceed the Revolving Availability of the that Borrower at such time; or (iii3) which has an expiration date later than the Stated Termination Date or more than twelve (12) months from the date of issuance (except with respect to stand-by Letters of Credit which automatically renew each year)issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any timetime if: (i1) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (ii2) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Revolving Availability of the Borrower at such time; or (iii3) which such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance (except with respect to stand-by Letters of Credit which automatically renew each year)issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Gt Bicycles Inc)

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Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit at any time: (i) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (ii) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Revolving Availability of the Borrower at such time; or (iii) which has an expiration date later than the Stated Termination Date or more than twelve (12) months from the date of issuance (except with respect to stand-by Letters of Credit which automatically renew each year).. (c)

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Co)

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