Letter of Credit Expiration Date. Deficiencies. If as of the date that is sixteen (16) Business Days prior to the then scheduled Letter of Credit Expiration Date with respect to any Letter of Credit, excluding such Letter of Credit from each calculation in paragraphs (i) through (ii) immediately below but taking into account any substitute Letter of Credit that has been obtained from an Eligible Letter of Credit Provider and is in full force and effect on such date:
(i) the Issuer Aggregate Asset Amount would be less than the Adjusted Asset Coverage Threshold Amount, in each case as of such date (after giving effect to all deposits to, and withdrawals from, the Issuer Reserve Account and the Issuer L/C Cash Collateral Account on such date); or
(ii) the Adjusted Liquid Enhancement Amount would be less than the Required Liquid Enhancement Amount, in each case as of such date (after giving effect to all deposits to, and withdrawals from, the Issuer Reserve Account and the Issuer L/C Cash Collateral Account on such date), then the Issuer shall notify the Issuer Security Trustee and the Administrative Agent in writing no later than fifteen (15) Business Days prior to such Letter of Credit Expiration Date of:
(A) the greater of:
(1) the excess, if any, of the Adjusted Asset Coverage Threshold Amount over the Issuer Aggregate Asset Amount, in each case as of such date (after giving effect to all deposits to, and withdrawals from, the Issuer Reserve Account and the Issuer L/C Cash Collateral Account on such date); and
(2) the excess, if any, of the Required Liquid Enhancement Amount over the Adjusted Liquid Enhancement Amount, in each case as of such date (after giving effect to all deposits to, and withdrawals from, the Issuer Reserve Account and the Issuer L/C Cash Collateral Account on such date), provided that the calculations in each of paragraph (A)(1) through (A)(2) above shall be made on such date, excluding from such calculation of each amount contained therein such Letter of Credit but taking into account each substitute Letter of Credit that has been obtained from an Eligible Letter of Credit Provider and is in full force and effect on such date; and
(B) the amount available to be drawn on such expiring Letter of Credit on such date. Upon delivery of such notice to the Issuer Security Trustee and Administrative Agent, the Issuer shall draw the lesser of the amounts set forth in paragraphs (A) and (B) above on such Letter of Credit by presenting a draft accompanied by a Certificate of Te...
Letter of Credit Expiration Date. The day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).
Letter of Credit Expiration Date. With respect to Letters of Credit, an expiry date no later than the date which is the earlier of (i) one-year after the issuance thereof (provided that such Letter of Credit may contain customary “evergreen” provisions) and (ii) fourteen (14) days (or, if the Letter of Credit is confirmed by a confirmer or otherwise provides for one or more nominated persons, forty-five (45) days) prior to the Loan Maturity Date.
Letter of Credit Expiration Date. The day that is fifteen (15) days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day); provided that Letters of Credit may have a later expiration date so long as (A) such expiration date is not later than 364 days after the Maturity Date and (B) the Borrower provides Cash Collateral for each such Letter of Credit at least fifteen (15) days prior to the Maturity Date.
Letter of Credit Expiration Date. Deficiencies. If as of the date that is sixteen (16) Business Days prior to the then scheduled Series 2021-A Letter of Credit Expiration Date with respect to any Series 2021-A Letter of Credit, excluding such Series 2021-A Letter of Credit from each calculation in clauses (i) through (iii) immediately below but taking into account any substitute Series 2021-A Letter of Credit that has been obtained from a Series 2021-A Eligible Letter of Credit Provider and is in full force and effect on such date:
Letter of Credit Expiration Date. See Section 4.1.3.
Letter of Credit Expiration Date. Section 2.07(b) of the Original Agreement is hereby amended to read as follows:
Letter of Credit Expiration Date. This Letter of Credit is effective on April 28, 2000 and is valid until 5:00 p.m., New York City time, on April 28, 2001 (the "Letter of Credit Expiration Date"). This Letter of Credit shall automatically be extended for a period of one year from the Letter of Credit Expiration Date and shall thereafter automatically be extended for an additional one-year period on each expiration date thereafter; provided, that, this Letter of Credit shall terminate on the earliest to occur of (a) the date that is five (5) Business Days after the delivery by Bank of America, N.A., as Administrative Agent, to you, with a copy to us, of a notice of termination of this Letter of Credit no later than October 18, 2002 or such earlier date as may be required pursuant to the terms of the Credit Agreement, (b) a drawing under this Letter of Credit by the Beneficiary equal to the then applicable Stated Amount, (c) the date that is five (5) Business Days after the delivery by us of a notice of termination of this Letter of Credit to you no later than thirty (30) days prior to the then current expiration date (the "Current Letter of Credit Expiration Date"), (d) the date that is five (5) Business Days after the delivery by Bank of America, N.A., as Administrative Agent, to you, with a copy to us, of a notice of termination of the Revolving Loan Commitments in accordance with the terms of the Credit Agreement. Notwithstanding the foregoing, in no event shall this Letter of Credit be extended beyond October 23, 2002. Upon expiration or termination of this Letter of Credit, our obligations hereunder shall be fully discharged and we shall thereafter have no obligation to make further payments under this Letter of Credit. By paying to you the full amount demanded in accordance therewith, we make no representation as to the correctness of the amount demanded.
Letter of Credit Expiration Date. The term “Beneficiary” refers herein (and in each Annex hereto) to the Trustee, as such term is defined in the Base Indenture. Terms used herein and not defined herein shall have the meaning set forth in (i) the Base Indenture and (ii) if not defined in the Base Indenture, the Series 2009-1
Letter of Credit Expiration Date. Notwithstanding anything in this Agreement to the contrary, following the Maturity Date, the Borrower and the Subsidiary Guarantors shall remain jointly and severally obligated to reimburse the applicable L/C Issuers hereunder for any and all drawings under any Letter of Credit that has a Letter of Credit Expiration Date after the Maturity Date. The obligations of the Borrower and the Subsidiary Guarantors under this clause shall survive the termination of this Agreement.
