Common use of Collateralization on Final Expiration Date Clause in Contracts

Collateralization on Final Expiration Date. If any LOC remains outstanding after the Final Expiration Date, ACE shall promptly, and in any event within five Business Days, provide and so long as such circumstance continues shall maintain Collateral with a Collateral Value equal to the Stated Amount of such LOC.

Collateralization on Final Expiration Date. If any LOC remains outstanding after the Final Expiration Date, ACE shall promptly, and in any event within five Business Days, provide and so long as such circumstance continues shall maintain Collateral with a Collateral Value equal to the Stated Amount of such LOC.