Common use of Expiry Clause in Contracts

Expiry. 3.1 At 5 p.m. (London time) on the Expiry Date the obligations of the Issuing Bank under this Letter of Credit will cease with no further liability on the part of the Issuing Bank except for any Demands validly presented under this Letter of Credit that remain unpaid.

Appears in 10 contracts

Samples: www.storengy.co.uk, Credit Agreement, Credit Agreement

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Expiry. 3.1 At 5 On 5.00 p.m. (London time) on the Expiry Date the obligations of the Issuing Bank under this Letter of Credit will cease with no further liability on the part of the Issuing Bank except for any Demands Demand validly presented under this the Letter of Credit that remain remains unpaid.

Appears in 1 contract

Samples: Facility Agreement (Endeavour International Corp)

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