Common use of Term of Letters of Credit Clause in Contracts

Term of Letters of Credit. Unless terminated earlier in accordance with its terms, or extended pursuant to Section 2.2.3, each Letter of Credit shall terminate on the earlier to occur of (a) 12:01 a.m., on the Expiration Date stated therein (which shall be no later than the earlier of the Loan Maturity Date and 15 days following the scheduled expiration of the letter of credit obligations under the Project Document in connection with which such Letter of Credit is to be issued) and (b) cancellation of such Letter of Credit pursuant to Section 2.2.6(b).

Term of Letters of Credit. Unless terminated earlier in accordance with its terms, or extended pursuant to Section 2.2.3, each Letter of Credit shall terminate on the earlier to occur of (a) expire at 12:01 a.m., a.m. on the Expiration Date stated therein (which therein. The Expiration Date of each Letter of Credit shall be no later than the earlier earliest of the Loan Maturity Date and (a) 15 days Banking Days following the scheduled expiration of the applicable Approved Project Company's letter of credit obligations under the applicable LC Eligible Project Document in connection with which such any Project Letter of Credit is issued (as notified by Borrower to be issued) and the LC Bank), (b) cancellation of such Letter of Credit pursuant to Section 2.2.6(b)2.2.7(b) or (c) or (c) the Final Maturity Date.

Term of Letters of Credit. Unless terminated earlier in accordance with its terms, or extended pursuant to Section 2.2.3, each Letter of Credit shall terminate on the earlier to occur of (ai) 12:01 a.m., on the Expiration Date stated therein (which shall be no later than the earlier of one year from the Loan Maturity Date date such Letter of Credit is issued and 15 days following the scheduled expiration of the letter of credit obligations under the Project Document in connection with which such Letter of Credit is to be issued) and (bii) cancellation of such Letter of Credit pursuant to Section 2.2.6(b); provided, however, that no Letter of Credit shall expire after the Loan Maturity Date.