Expiry Dates Sample Clauses
The Expiry Dates clause defines the specific date or conditions upon which an agreement, right, or obligation will automatically end. In practice, this clause may set a fixed calendar date for expiration or tie expiry to the completion of a particular event or milestone, such as the end of a project or a set period after signing. Its core function is to provide certainty and clarity regarding the duration of the parties' commitments, thereby preventing disputes over when contractual obligations cease.
POPULAR SAMPLE Copied 1 times
Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth Domestic Business Day prior to the Termination Date. Subject to the preceding sentence:
(i) each Letter of Credit shall, when issued, have an expiry date on or before the first anniversary of the date on which it is issued; and
(ii) the expiry date of any Letter of Credit may, at the request of the Borrower, be extended from time to time for a period not exceeding one year so long as the LC Agent agrees to so extend such Letter of Credit (or, in the case of an "evergreen" Letter of Credit, its right to give a notice to prevent the extension thereof expires) no earlier than three months before the then existing expiry date thereof.
Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth (5th) Business Day before the Lines of Credit Termination Date. Subject to the preceding sentence, each Letter of Credit issued hereunder shall expire on or before the anniversary of the date of such issuance; provided, that the expiry date of any Letter of Credit may be extended from time to time at the Borrowers' request and with the Bank's consent for a period not exceeding one year.
Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth Domestic Business Day before the Termination Date. Subject to the preceding sentence, each Letter of Credit, when issued hereunder, shall expire on or before the first anniversary of the date of such issuance; PROVIDED that the expiry date of any Letter of Credit may be extended from time to time (i) at the Borrower's request or (ii) in the case of an Evergreen Letter of Credit, automatically, in each case so long as such extension is for a period not exceeding one year and is granted (or the last day on which notice can be given to prevent such extension occurs) no earlier than three months before the then existing expiry date thereof.
Expiry Dates. No Letter of Credit shall have an expiry date later than the fifth Domestic Business Day before the Termination Date.
Expiry Dates. Each Letter of Credit shall have an expiry date of the earlier of the date which is one (1) year after the issuance of such Standby Letter of Credit and the date that is fourteen (14) Business Days prior to the Maturity Date, unless such Letter of Credit expires by its terms on an earlier date.
Expiry Dates. The Company, a Restricted Subsidiary or an Approved Joint Venture, as applicable, shall have no right to obtain issuance of Letters of Credit which have an expiration date later than the earlier of (i) the Revolving Credit Termination Date or (ii) 24 months from issuance of such Letter of Credit.
Expiry Dates. Each Standby Letter of Credit shall provide that it expires no later than the close of business seven days prior to the expiration date for the Revolving Line of Credit, unless such Standby Letter of Credit expires by its terms on an earlier date.
Expiry Dates. The contract becomes effective when the Customer accepts in writing the draft offer/contract from the Hotel. If acceptance is not received from the Customer by the expiry date set by the Hotel, the offer will cease to be valid. Expiry dates (for offers, order confirmations etc.) are binding for both parties. Right of use of the reserved conference rooms / bedrooms automatically reverts to the Hotel once the expiry date has passed, and the Hotel shall be entitled to rent them out to third parties. Where there is any difference between the contract and the present Terms and Conditions, the provisions of the contract shall prevail. The contracting parties are the Hotel and the Customer. If the Customer is not the actual organiser and the Customer uses the services of a commercial agent or organiser as an intermediary, then the Customer and the organiser shall be jointly and severally liable towards the Hotel for all obligations arising from the agreement.
Expiry Dates. Each Letter of Credit shall have an expiry date of the earlier of (i) the date which is not later than one hundred eighty (180) days after the date of issuance and (ii) the Maturity Date.
Expiry Dates. Each Letter of Credit shall expire at the close of business on the earlier of the date one (1) year after the date of the issuance of such Letter of Credit or the date that is five (5) Business Days prior to the Maturity Date of the L/C Commitment, unless such Letter of Credit expires by its terms on an earlier date.