Final Issue Date definition
Examples of Final Issue Date in a sentence
No further Bonding Guarantees shall be issued and no amendment shall be made to any outstanding Bonding Guarantee, the effect of which would be to increase any Bank’s Outstandings, in each case following the Final Issue Date.
Without prejudice to the provisions of Clause 40, no Bank may cancel its Commitment before the Final Issue Date (other than at the request of the Company pursuant to Clause 17.3 and save as expressly provided in this Agreement).
For the avoidance of doubt the occurrence of the Final Issue Date will not affect the maturity, renewal, extension or any other terms of any Bonding Guarantee.
Upon the occurrence of an Event of Default which is continuing prior to the Final Issue Date and at the request of the Majority Banks, all Available Commitments shall be cancelled.
Each Bank’s Available Commitment shall be automatically cancelled and reduced to zero at the close of business on the Final Issue Date.