Common use of Expiry Dates Clause in Contracts

Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth Business Day before the Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the anniversary of the date of such issuance; provided that the expiry date of any Letter of Credit may be extended from time to time at the Borrower's request and with the Bank's consent for a period not exceeding one year.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

AutoNDA by SimpleDocs

Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth (5th) Business Day before the Lines of Credit Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the anniversary of the date of such issuance; provided that the expiry date of any Letter of Credit may be extended from time to time at the Borrower's Borrowers' request and with the Bank's consent for a period not exceeding one year.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth Domestic Business Day before the Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the first anniversary of the date of such issuanceissuance (or, in the case of any Letter of Credit whose expiry date is extended hereunder, the date of such extension); provided that that, subject to paragraph (f) below, the expiry date of any Letter of Credit may be extended from time to time at the Borrower's request and with the Bank's consent for a period not exceeding one yearrequest.

Appears in 1 contract

Samples: Credit Agreement (Marvel Enterprises Inc)

Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth (5th) Business Day before the Lines of Credit Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the anniversary of the date of such issuance; provided provided, that the expiry date of any Letter of Credit may be extended from time to time at the Borrower's Borrowers' request and with the Bank's consent for a period not exceeding one year.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

AutoNDA by SimpleDocs

Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth (5th) Business Day before the Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the anniversary of the date of such issuance; provided that the expiry date of any Letter of Credit may be extended from time to time at the Borrower's request and with the Bank's consent for a period not exceeding one year.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

Time is Money Join Law Insider Premium to draft better contracts faster.