Common use of Expiry Dates Clause in Contracts

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.

Appears in 3 contracts

Sources: Loan Agreement (Vermont Pure Holdings LTD/De), Loan and Security Agreement (Vermont Pure Holdings LTD/De), Loan and Security Agreement (Vermont Pure Holdings LTD/De)