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 such Letter of Credit may 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. The Company shall cause any Letter of Credit outstanding on or after the date that is ten Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 5 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

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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 such Letter of Credit may 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. The Company Date (or, if at any time there shall cause any Letter of Credit outstanding on or after the date that is ten Business Days prior to the exist different Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and Dates for so long as such Letter the Banks hereunder, the first anniversary of the latest applicable Commitment Termination Date). Credit is outstanding.Agreement

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

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 such Letter of Credit may 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. The Company shall cause any Letter of Credit outstanding on or after the date that is ten Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

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 such each Letter of Credit may 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 DateDate with a properly executed Non-Extension Notice. The Company shall cause any Letter of Credit outstanding on or after the date 4868-9081-7618 v.9 that is ten five Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 1 contract

Samples: Revolving Credit Agreement (Equitable Holdings, Inc.)

Expiry Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one (1) year after the date of the issuance of such Letter of Credit (provided provided, that such Letter of Credit may 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 (1st) anniversary of the Commitment Termination Date. The Company shall cause any Letter of Credit outstanding on or after the date that is ten five (5) Domestic Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 1 contract

Samples: Assignment and Assumption (Brighthouse Financial, Inc.)

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Expiry Date. Each The 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 the Letter of Credit (provided that such the Letter of Credit may 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 DateDate with a properly executed Non-Extension Notice. The Company Guarantor shall cause any the Letter of Credit outstanding on or after the date that is ten five Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e2.02(e) on or prior to such date and for so long as such the Letter of Credit is outstanding.

Appears in 1 contract

Samples: Reimbursement Agreement (Equitable Holdings, Inc.)

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 such Letter of Credit may 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. The Company shall cause any Letter of Credit outstanding on or after the date that is ten five Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 1 contract

Samples: Assignment and Assumption (Brighthouse Financial, Inc.)

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 such Letter of Credit may 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. The Company shall cause any Letter of Credit outstanding on or after the date that is ten five Business Days prior to the Commitment Termination Date to be cash collateralized in accordance with Section 2.03(e) on or prior to such date and for so long as such Letter of Credit is outstanding.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brighthouse Financial, Inc.)

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