Examples of LC Facility Maturity Date in a sentence
The Borrower shall repay to the Administrative Agent for the benefit of the 2020 Additional Revolving Credit Lenders, on the 2020 L/C Facility Maturity Date, the then outstanding 2020 L/C Obligations.
The Applicants or the Parent shall deliver to the Administrative Agent a written notice signed by a Responsible Officer promptly after the LC Facility Maturity Date (as defined under the Existing Credit Agreement) has occurred, stating that the LC Facility Maturity Date (as defined under the Existing Credit Agreement) has occurred.
LC Facility Fees on LC Facility Letters of Credit accrued through and including the last day of March, June, September and December of each calendar year shall be payable on the tenth Business Day following such last day, commencing on the first such date to occur after the Closing Date, and on the Tranche B LC Facility Maturity Date or such earlier date as the LC Facility may terminate.
Once an Auto-Extension Letter of Credit has been issued, the LC Facility Lenders shall be deemed to have authorized (but may not require) the LC Facility Issuing Bank to permit the extension of such LC Facility Letter of Credit at any time to an expiry date not later than the Tranche B LC Facility Maturity Date (except to the extent such LC Facility Letter of Credit is cash collateralized or backstopped pursuant to arrangements reasonably acceptable to the applicable LC Facility Issuing Bank).
Subject only to the Borrower’s compliance with its obligations under the preceding sentence, any amount of the Tranche B LC Facility Deposits in the Credit-Linked Deposit Account will be returned by the Administrative Agent and distributed to the Tranche B LC Facility Lenders on the Tranche B LC Facility Maturity Date.