Common use of Expiry Clause in Contracts

Expiry. (a) The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit are released.

Appears in 34 contracts

Samples: Facilities Agreement, Project Facilities Agreement (Pacific Drilling S.A.), Project Facilities Agreement (Pacific Drilling S.A.)

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Expiry. (a) The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary returns the original of this Letter of Credit to the Issuing Bank as the date upon which together with its written confirmation that this Letter of Credit must be cancelled and the obligations of the Issuing Bank under this Letter of Credit are released.

Appears in 3 contracts

Samples: Project Facilities Agreement (Pacific Drilling S.A.), Project Facilities Agreement (Pacific Drilling S.A.), Project Facilities Agreement (Pacific Drilling S.A.)

Expiry. (a) The Issuing Bank will be released from its obligations under this Letter of Credit Bank Guarantee on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit Bank Guarantee are released.

Appears in 3 contracts

Samples: Agreement (Rockwood Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc), Agreement (Whirlpool Corp /De/)

Expiry. (a) The Issuing Bank will be released from its obligations under this Letter of Credit Bank Guarantee on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit Bank Guarantee are released.. 195

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

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Expiry. (a) The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary and Collateral Agent to the Issuing Bank as the date upon which the obligations of the Issuing Bank under this Letter of Credit are released.

Appears in 1 contract

Samples: Supply Agreement (Hoku Scientific Inc)

Expiry. (a) 3.1 The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary made by authenticated swift through banking channel to the Issuing Bank (or such other form of communication agreed between the Issuing Bank and the Beneficiary) as the date upon which the obligations of the Issuing Bank under this Letter of Credit are released.

Appears in 1 contract

Samples: Facilities Agreement (ShangPharma Corp)

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