Common use of Auto Extend Notice Clause in Contracts

Auto Extend Notice. If any Credit provides for automatic extension without amendment, Applicant agrees that it will notify Bank in writing at least thirty (30) days prior to the last day specified in such Credit by which Bank must give notice of nonextension as to whether or not it wishes such Credit to be extended. Except as may be provided in any Credit or as Bank may otherwise agree in writing in its sole discretion, Bank has no duty to (i) send or refrain from sending notice of its election not to extend such Credit or (ii) otherwise amend or modify any Credit.