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Common use of Expiry Clause in Contracts

Expiry. The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit are released.

Appears in 12 contracts

Samples: Super Senior Revolving Facility Agreement (Orion Engineered Carbons S.a r.l.), Project Facilities Agreement and Intercreditor Agreement (Pacific Drilling S.A.), Revolving Facilities Agreement (Manchester United Ltd.)

Expiry. The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit are released. 1 This may need to be amended depending on the currency of payment under the Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (1295728 Alberta ULC)