L/C Expiration Date means the day that is five (5) Business Days prior to the scheduled Maturity Date then in effect for the applicable Revolving Facility (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means the day that is seven (7) days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the immediately preceding Business Day).
Examples of L/C Expiration Date in a sentence
The Letter of Credit Fees shall be computed on a quarterly basis in arrears, and shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date, and on the Revolving Termination Date.
Upon the request of the Administrative Agent or the L/C Issuer if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing or if, as of the L/C Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of the L/C Obligations.
More Definitions of L/C Expiration Date
L/C Expiration Date means the day that is seven (7) days prior to the Termination Date for the Revolver Facility then in effect (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means the day that is thirty (30) days prior to the Revolving Credit Termination Date (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means, with respect to any Letter of Credit, the stated expiration date thereof (as such date may be extended from time to time in accordance with the terms of such Letter of Credit).
L/C Expiration Date means the stated expiry date of a Letter of Credit which day shall be twelve (12) months or less after the Maturity Date or the earlier date the Letter of Credit expires in accordance with its terms (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means the day that is thirty days prior to the last day of the Contract Term then in effect (or, if such day is not a Business Day, the next preceding Business Day).
L/C Expiration Date means the day that is seven days prior to the Maturity Date then in effect for the Committed Loans (or, if such day is not a Business Day, the next preceding Business Day). 8884322.11
L/C Expiration Date means, with respect to any L/C, the date that is the earlier to occur of (a) three-hundred sixty-five (365) days after the date of issuance thereof and (b) the Termination Date.