Common use of Permitted Maturity Clause in Contracts

Permitted Maturity. Each FCI shall have an expiry date that complies with the definition of Permitted Maturity, unless any such FCI does not provide for a specific expiry date, in which case the Commercial Lifetime of such FCI shall fall within the Permitted Maturity.

Appears in 4 contracts

Samples: Credit Agreement (SPX Technologies, Inc.), Credit Agreement (SPX Corp), Credit Agreement (SPX Corp)

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Permitted Maturity. Each FCI shall have an expiry date that complies with the definition of β€œPermitted Maturity” in Section 1.1, unless any such FCI does not provide for a specific expiry date, in which case the Commercial Lifetime of such FCI shall fall within the Permitted Maturity.

Appears in 1 contract

Samples: Credit Agreement (SPX FLOW, Inc.)

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