Common use of Termination of the Commitments Clause in Contracts

Termination of the Commitments. The obligation of the Issuing Bank to issue the Letter of Credit Amendment shall automatically terminate if not delivered at or prior to 5:00 P.M. (New York City time) on May 1, 1998.

Appears in 2 contracts

Sources: Letter of Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh), Letter of Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh)

Termination of the Commitments. The obligation of the Issuing Bank to issue the Letter of Credit Amendment shall automatically terminate if not delivered at or prior to 5:00 P.M. (New York City time) on May 1April 22, 19981999.

Appears in 2 contracts

Sources: Letter of Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh), Letter of Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh)

Termination of the Commitments. The obligation of the Issuing Bank to issue the Letter of Credit Amendment shall automatically terminate if not delivered unexercised at or prior to 5:00 P.M. (New York City time) on May 1December 31, 19981992.

Appears in 1 contract

Sources: Letter of Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh)