Examples of Original Termination Date in a sentence
The Borrower may request, by notice given to the Administrative Agent (who shall promptly notify the Lenders) (the “Extension Request”) on a date that is not earlier than forty five (45) days and not later than fifteen (15) days prior to the Original Termination Date that the Original Termination Date be extended to the date which is 90 days after the Original Termination Date, or if such date is not a Business Day on the next preceding Business Day.
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 date that is five Business Days prior to the Original Termination 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 no such action is taken by the Original Termination Date, the New Termination Date shall be the December 31 of each following year.
With --------------------------------------------------------- respect to each Incentive Stock Option, in the event of the termination of the Employee's employment with the Company or any Subsidiary thereof that employs the Employee prior to the Original Termination Date of such Incentive Stock Option, such Incentive Stock Option shall expire on the date specified in the Award Agreement evidencing such Incentive Stock Option.
With ------------------------------------------------------- respect to each Non-Qualified Option, such Non-Qualified Option shall expire prior to its Original Termination Date under the following circumstances.