Automatic Continuation. The Company shall automatically continue without any action on the part of the Members upon the death, retirement, withdrawal, resignation, expulsion, bankruptcy (as defined in Section 18.304 of the Act) or dissolution of a Member or other event which terminates the continued membership of a Member until the Company is otherwise dissolved and terminated pursuant to the terms of this Agreement.
Automatic Continuation. The parties hereby agree that all provisions of the current Agreement that are considered ‘mandatory’ subjects of collective bargaining shall be incorporated into the succeeding Agreement, unless amended, modified, deleted or substituted as a result of formal negotiations.
Automatic Continuation. In the event that the Borrowers fail to notify the Agent of the continuation or conversion of any Loan prior to the end of the Interest Period for such Loan, that Loan will automatically continue with an Interest Period of the same duration; provided that if such Interest Period would end after the Maturity Date, the Interest Period shall end on the Maturity Date.
Automatic Continuation. An outstanding LIBOR Loan, upon the expiration of the Interest Period applicable thereto, shall automatically continue as a LIBOR Loan and the succeeding Interest Period of such continued Loan will commence on the last day of the Interest Period of the Loan to be continued.
