Common use of Facility Termination Clause in Contracts

Facility Termination. The commitment by Bank to issue Letters of Credit shall, unless earlier terminated in accordance with the terms of this Agreement, automatically terminate on the Maturity Date. Without Bank’s prior written approval, no Letter of Credit shall expire on a date that is more than 365 calendar days after the date of issuance or after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Us Ecology, Inc.), Revolving Credit Agreement (American Ecology Corp)

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Facility Termination. The commitment by Bank to issue Letters of Credit shall, unless earlier terminated in accordance with the terms of this Agreement, automatically terminate on the Maturity Date. Without Bank’s prior written approval, no No Letter of Credit shall expire on a date that is more than 365 calendar days after the date of issuance or after the Maturity DateDate without Bank's prior written approval.

Appears in 1 contract

Samples: Credit Agreement (American Ecology Corp)

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Facility Termination. The commitment by Issuing Bank to issue Letters of Credit shall, unless earlier terminated in accordance with the terms of this Agreement, automatically terminate on the Maturity Date. Without Bank’s prior written approval, no No Letter of Credit shall expire on a date that is more than 365 calendar days after the date of issuance or after the Maturity DateDate without Issuing Bank's prior written approval.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

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