Common use of Letter of Credit Expiration Date Clause in Contracts

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. 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 (Aa) such expiration -16- 2076882.7 date is not later than 364 days after the Maturity Date and (Bb) 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. The day that is fifteen (15) days prior to the Revolving Credit 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 Revolving Credit Maturity Date then in effect and (B) the Borrower provides Cash Collateral for each such Letter of Credit at least fifteen (15) days prior to the such Maturity Date.

Letter of Credit Expiration Date. The day that is fifteen no later than two hundred seventy (15270) days prior to after the Revolving Credit Loan Maturity Date then in effect so long as the Borrower is in compliance with §4.1.3, or (orb) in the event that the Borrower is not in compliance with §4.1.3, the Revolving Credit Loan Maturity Date then in effect, in either case, 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.