Common use of Expiry Date Clause in Contracts

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice. The Guarantor shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.02(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice. The Guarantor shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.02(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice. The Guarantor Company shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.02(e2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year five years after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice. The Guarantor shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.02(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice. The Guarantor Company shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in an amount equal to at least 102% of the face amount of each such Letter of Credit in accordance with Section 2.02(e2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided provided, that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Maturity Date with a properly executed Non-Extension Notice. The Guarantor Company shall cause any Letter of Credit outstanding on or after the date that is five Domestic Business Days prior to the Commitment Termination Maturity Date to be cash collateralized in an amount equal to at least 102% of the face amount of each such Letter of Credit in accordance with Section 2.02(e2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.