Debt Extension Sample Clauses

Debt Extension. 7.1 If Debtor is unable to pay the principal in due time and requests for extension, he shall file a written application with the Creditor / days prior to its due date. However, Creditor shall have the right to treat the loan as overdue provided that Creditor disagrees on the extension and Debtor fails to make due payment.
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Debt Extension. 10.1 If the Merger Agreement terminates in accordance with its terms on or prior to 30 November 2020, this Support Letter will terminate in accordance with paragraph 14.4(B). 10.2 Without prejudice to paragraph 14 (Termination) below and any other provision of this Support Letter, if, at a time when the Merger Agreement has not terminated, the Parent Company concludes (acting reasonably) that it is not possible to issue the Purchaser Practice Statement Letter by 31 January 2021 the Parent Company shall (i) promptly notify the Participants and Chrysaor in writing of the reasons for such conclusion, and (ii) as soon as reasonably practicable, take all such actions as are required to pursue the Debt Extension Compromise Arrangements prior to, and separately from, the Debt Restructuring Compromise Arrangements and in accordance with the undertakings in paragraph 4 (Premier Undertakings). 10.3 Without prejudice to paragraph 14 (Termination) below (except for sub-paragraph (i) below) and any other provision of this Support Letter, if the Merger Agreement terminates in accordance with its terms on or after: (A) 1 December 2020, but prior to (i) the date on which the Debt Extension Compromise Arrangements take effect, and (ii) the date on which the Parent Company, POUK and if applicable, XXXX, have issued the Purchaser Practice Statement Letter; (B) the date on which the Parent Company, POUK and if applicable, XXXX, have issued a practice statement letter in respect of the Debt Extension Compromise Arrangements pursuant to paragraph 10.2 above, but prior to the date on which the Debt Extension Compromise Arrangements take effect; or (C) the date on which the Parent Company, POUK and if applicable, XXXX, have issued the Purchaser Practice Statement Letter in respect of both the Debt Extension Compromise Arrangements and the Debt Restructuring Compromise Arrangements, but prior to the date on which those Compromise Arrangements take effect, then: (i) this Support Letter will not terminate automatically in accordance with paragraph 14.4(B); (ii) each of the Participants, the Parent Company, POUK and if applicable, XXXX, shall continue to be bound by the terms of this Support Letter applicable to it and to the extent such terms are relevant following the termination of the Merger Agreement, including but not limited to the undertakings in paragraphs 4 (Premier Undertakings) and 6 (Participant Undertakings); (iii) without prejudice to its accrued rights in respect of a...
Sample 1

Related to Debt Extension

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Amendment, Extension and Waiver Subject to applicable law, at any time prior to the consummation of the transactions contemplated by this Agreement, the parties may (a) amend this Agreement, (b) extend the time for the performance of any of the obligations or other acts of either party hereto, (c) waive any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto, or (d) waive compliance with any of the agreements or conditions contained in Articles V and VI hereof or otherwise; provided, however, that after any approval of the transactions contemplated by this Agreement by Innes Street's shareholders, there may not be, without further approval of such shareholders, any amendment of this Agreement which reduces the amount or changes the form of the consideration to be delivered to Innes Street shareholders hereunder other than as contemplated by this Agreement. This Agreement may not be amended except by an instrument in writing authorized by the respective Boards of Directors and signed, by duly authorized officers, on behalf of the parties hereto. Any agreement on the part of a party hereto to any extension or waiver shall be valid only if set forth in an instrument in writing signed by a duly authorized officer on behalf of such party, but such waiver or failure to insist on strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

  • Initial Credit Extension The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions Precedent to Initial Extension of Credit Before the first extension of credit under this agreement, whether by disbursement of a loan, issuance of a letter of credit, the funding of a Lease or otherwise, the Borrower shall deliver to the Bank, in form and substance satisfactory to the Bank:

  • Amendment; Extension; Waiver (a) This Agreement may be amended by the parties hereto at any time prior to the Offer Closing Time. At any time prior to the Offer Closing Time, the parties hereto may (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties contained in this Agreement or in any document delivered pursuant to this Agreement or (iii) waive compliance with any of the agreements or conditions contained in this Agreement (subject to Section 2.01). This Agreement may not be amended or supplemented after the Offer Closing Time. (b) This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto. Any agreement on the part of a party hereto to any extension or waiver with respect to this Agreement shall be valid only if set forth in an instrument in writing signed on behalf of such party. The failure of any party hereto to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights.

  • Conditions to Closing and Initial Extensions of Credit The obligation of the Lenders to close this Agreement and to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 to this Agreement (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

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