Common use of Expiry Dates Clause in Contracts

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.

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 one hundred eighty (5180) Business Days prior to after the Maturity Date of the L/C CommitmentTermination Date, unless such Letter of Credit expires by its terms on an earlier date.