Tenor. No FX Transaction shall have a Settlement Date which is more than 365 days after the date of entry into such FX Transaction, and provided further, no FX Transaction shall expire on a date which is more than 90 days after the Expiration Date.
Tenor. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor.
Tenor. Each Standby Letter of Credit shall have a term not to exceed the earlier to occur of: (a) twelve (12) months or (b) the expiration date of the Contract Period. Each Merchandise Letter of Credit shall have a term not to exceed the earlier to occur of: (a) twelve (12) months or (b) the expiration date of the Contract Period.
Tenor. Notes shall have a tenor of not less than one and not more than 364 days, calculated from and including the issue date to but excluding the maturity date.
Tenor. 5. This Overdraft Facility shall be initially valid for the period as mentioned in the application form from the date of Agreement. Based on the performance and the operations in the account, the Bank may, at its sole discretion, decide to roll over the Overdraft Facility for further periods of 1 (one) year each. Necessary intimation of the same may be sent to the Borrower(s) informing the Borrowers of the same. Where the roll over is not offered, all outstanding amount (principal amount and interest) shall be paid on or before the Termination Date (“Repayment Date”) as set out in the Annexure hereto. The Facility shall not be available after the Termination Date. The Bank may, in its absolute discretion, agree to accept repayment on any other later date (the “Extended Repayment Date”) after the Termination Date. If the Overdraft Facility is recalled, the Obligor(s) shall be bound to repay the entire outstanding amount of the Overdraft Facility granted, together with the accrued interest, on demand by the Bank, without any demur or protest.
Tenor. 7 years from the Initial Drawdown Date (the “Termination Date”).
Tenor. The Facility is subject to periodic review and repayable on demand by the Bank. The Facility is an uncommitted facility and the Bank reserves the right, notwithstanding any provisions to the contrary, express or implied, contained herein or otherwise, to vary any or all of the terms and conditions of the Facility granted to you at any time or to reduce or cancel the Facility at any time. Any variation, reduction or cancellation of the Facility by the Bank shall take effect on the date specified by the Bank to you. Nothing contained herein shall be deemed to impose on the Bank any obligations either at law or in equity to make or continue to make the Facility available to you.
Tenor. The Facility shall have such tenor as may be specified in the Sanction Letter (hereinafter referred to as the “Tenor”).
Tenor. The maximum tenor for each BA shall be as stated in the Letter of Offer.
Tenor. The maximum tenor for each FECL-i shall be as stated in the Letter of Offer.
