Common use of Expiration or Maturity Date of Letters of Credit Past Termination Date Clause in Contracts

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the "Facility Termination Date") the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrowers shall, on the Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize the Issuing Lender to notify the Agent, and authorize the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen (15) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on any date within thirty (30) days prior to the date (the "Facility Termination Date") the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), Date there are any Letters of Credit outstanding hereunderhereunder having an expiration date beyond the Termination Date, without limiting the terms of Section 2.3(b), the Borrowers Borrower shall, on the Facility Termination Datesuch date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize Borrower authorizes the Issuing Lender to notify the Agent, and authorize the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen ten (1510) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable or pay such funds to the Borrower in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14.

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the "“Facility Termination Date"”) the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, without limiting the Borrowers terms of Section 2.3(b), the Borrower shall, on the Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize Borrower authorizes the Issuing Lender to notify the Agent, and authorize the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen twenty (1520) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14.

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the "Facility Termination Date") the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrowers Borrower shall, on the Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize Borrower authorizes the Issuing Lender to notify the Agent, and authorize the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen (15) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14.

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on the date (the "Facility Termination Date") the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), there are any Letters of Credit outstanding hereunder, the Borrowers Borrower shall, on the Facility Termination Date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit (including for the purposes hereof any Letter of Credit whose term is extended beyond the Termination Date pursuant to Section 2.4(b)) occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize Borrower authorizes the Issuing Lender to notify the Agent, and authorize authorizes the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen (15) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14.

Expiration or Maturity Date of Letters of Credit Past Termination Date. If on any date within sixty (60) days prior to the date (the "Facility Termination Date") the Commitments are terminated (whether voluntarily, by reason of acceleration following the occurrence of an Event of Default or otherwise), Date there are any Letters of Credit outstanding hereunderhereunder having an expiration date beyond the Termination Date, without limiting the terms of Section 2.3(b), the Borrowers Borrower shall, on the Facility Termination Datesuch date, pay to the Agent an amount of money equal to the Stated Amount of such Letter(s) of Credit for deposit into the Collateral Account. If a drawing pursuant to any such Letter of Credit occurs on or prior to the expiration date of such Letter of Credit, the Borrowers authorize Borrower authorizes the Issuing Lender to notify the Agent, and authorize the Agent to pay to the Issuing Lender monies deposited in the Collateral Account for Issuing Lender to make payment to the beneficiary with respect to such drawing or the payee with respect to such presentment. If no drawing occurs on or prior to the expiration date of such Letter of Credit, the Agent shall withdraw the monies deposited in the Collateral Account with respect to such outstanding Letter of Credit on or before the date fifteen ten (1510) Business Days after the expiration date of such Letter of Credit and apply such funds to the Obligations, if any, then due and payable or pay such funds to the Borrower in the order prescribed by Section 10.3. No amount drawn under a Letter of Credit after the Facility Termination Date shall be subject to reinstatement. Section 2.14.