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Letter of Credit Maturity Date definition

Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).
Letter of Credit Maturity Date means the date which is 5 Business Days prior to the Maturity Date.
Letter of Credit Maturity Date means the date that is three Business Days prior to the Revolving Credit Maturity Date.

Examples of Letter of Credit Maturity Date in a sentence

  • Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the Letter of Credit Maturity Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above).

  • The Issuing Lender Fees shall be paid when required by the Issuing Lender, and the Letter of Credit Fronting Fee and the Letter of Credit Fee shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit.

  • Unless otherwise agreed to by the Administrative Agent in its sole discretion, each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the Letter of Credit Maturity Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above).

  • If any Borrower requests the issuance, extension or renewal of any Letter of Credit and such Letter of Credit would have an expiration date which is after the Letter of Credit Maturity Date, no Issuer shall be required to issue, extend or renew such Letter of Credit, but may elect to do so if the requirements of this Section 2.8(j) are satisfied.

  • In the event that any Letter of Credit shall be outstanding or shall be drawn and not reimbursed on or prior to the Acceptable Letter of Credit Maturity Date, the Borrower shall pay to the Administrative Agent an amount equal to 105% of the Letter of Credit Exposure allocable to such Letter of Credit, such amount to be due and payable on the Acceptable Letter of Credit Maturity Date, and to be held in the Cash Collateral Account and applied in accordance with paragraph (h) below.


More Definitions of Letter of Credit Maturity Date

Letter of Credit Maturity Date means the Revolving Loan Maturity Date.
Letter of Credit Maturity Date the Revolving Termination Date.
Letter of Credit Maturity Date means the date which is 10 Business Days prior to the Revolving Maturity Date, but, as to any Letter of Credit issued or to be issued by any Issuing Lender, without giving effect to the parenthetical phrase in the definition of “Revolving Maturity Date” unless the applicable Additional Credit Extension Amendment has been consented to in writing by such Issuing Lender.
Letter of Credit Maturity Date means as defined in Section 2.11.
Letter of Credit Maturity Date means one year after the Revolving Loan Maturity Date.
Letter of Credit Maturity Date means the date of expiration of the Initial Letter of Credit which is September 15, 2000, unless extended or renewed, or if the Initial Letter of Credit has been replaced with an Alternate Letter of Credit, then the expiration date of the Alternate Letter of Credit;
Letter of Credit Maturity Date means the fifth Business Day prior to the last day of the Revolving Credit Period. Letter of Credit Notice shall have the meaning ascribed thereto in Section 3.02.