Examples of LOC Expiration Date in a sentence
Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to deposit the Security Deposit or maintain such an irrevocable Letter of Credit in favor of Landlord through the LOC Expiration Date.
Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to deposit the Security Deposit, if any, or maintain such an irrevocable Letter of Credit in favor of Landlord through the LOC Expiration Date.
If Tenant is not in Default on the LOC Expiration Date, within forty-five (45) days after such date, Landlord shall return to Tenant the Letter of Credit or the balance of the Letter of Credit Proceeds then held by Landlord; provided, however, that in no event shall any such return be construed as an admission by Landlord that Tenant has performed all of its obligations hereunder.
The Letter of Credit shall be maintained in effect from the date thereof through January 31, 2011 (the “LOC Expiration Date”), and provided that on the LOC Expiration Date, Tenant shall not be in Default, Landlord shall return to Tenant the Letter of Credit and any Letter of Credit Proceeds then held by Landlord (other than those held for application by Landlord on account of a Default as provided below).
Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to maintain such an irrevocable Letter of Credit in favor of Landlord through the LOC Expiration Date.
Such retained amount, less any amount offset against such retained amount, and net of any reasonable attorneys’ fee or applicable bank fees incurred by Owner in connection with the exercise of its rights under this Section, shall be returned to Contractor promptly upon the later of (1) the LOC Expiration Date or (2) liquidation of any claim that had been outstanding (and any related offset).
Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to maintain an irrevocable Letter of Credit in favor of Landlord through the LOC Expiration Date.
If you are uncertain about the proper classification or the proper country of origin of a particular good, you should contact the Donaldson International Trade Department.
Each LOC shall be dated its date of issuance and shall be issued by the related LOC Issuer in the initial stated amount (such respective amounts, each an "LOC Commitment Amount") equal to the dollar equivalent of its Percentage (set forth on Schedule 1 hereto) of $15,000,000 on the date of issuance for a term expiring on the LOC Expiration Date, subject to extension as set forth in Section 2.01(c) and early termination as set forth in Sections 2.03(d) and 2.08.
Altogether 5,046 shareholders hold 2,173,292,815 shares, who personally or entrust others to go through the stock custody procedures.