Expiration/Extension. To ensure continued compliance with the provisions of this development code each approved home occupation permit shall expire three years from the date of approval, unless otherwise specified in the permit, if the use granted by the permit has not been exercised before its expiration, in compliance with Section 16.80.040 (Permit Implementation). Time extensions may be granted in compliance with Section 16.80.060 (Time Extensions), if a written request is submitted by the applicant, and received by the department, prior to the expiration of the home occupation permit. If the use granted by the home occupation permit has not been exercised before its expiration, and a time ex-tension is not granted, the provisions of Chapter 16.80 (Permit implementation, Time Limits, and Extensions) shall deem the permit void.
Expiration/Extension. The Revolving Credit Facility shall have a --------------------- term expiring on the Expiration Date, at which time the principal amount of all Loans then outstanding (regardless of whether the Interest Period of any such Loan may extend beyond said date) and all accrued but unpaid interest thereon shall be due and payable in full. Upon the written request of Borrower, which request shall be delivered to Agent at least sixty (60) days prior to each Extension Date (as such term is hereinafter defined), Banks shall have the option (without any obligation whatsoever to do so) of extending the then current Expiration Date for additional one-year periods from the then current Expiration Date, such extension to be effective on but not before each of December 31, 2000 and December 31, 2001 (each an "EXTENSION ---------- DATE"), but in no event shall the Commitment of any Bank or any ---- Loan made hereunder, after December 31, 2000, be outstanding for a remaining period greater than two (2) years. Notwithstanding any request by Borrower as described in the foregoing sentence, in the event that a Bank chooses, in its sole and absolute discretion, not to extend the Expiration Date for such an additional one-year period, such Bank (a "TERMINATING BANK") shall give notice ----------------- to Borrower and Agent not more than sixty (60) days but not less than forty-five (45) days prior to the relevant Extension Date; provided that upon failure by -------- any Bank to respond to a request of Borrower to extend the Expiration Date within the period provided for such notice, such Bank shall be deemed to have exercised its discretion not to extend the Expiration Date; provided further -------- ------- that the Expiration Date shall not be extended with respect to any Banks unless the Required Banks are willing to extend the Expiration Date and one or more of the actions described in the following clauses (a), (b) and (c) shall be taken:
Expiration/Extension. 23 2.05 Rate of Interest on Syndicated Loans............... 24 2.06 Rate of Interest on Swing Loans.................... 24 2.07 Notice and Manner of Borrowing..................... 25 2.08 Automatic Conversion............................... 27 2.09
Expiration/Extension. Notwithstanding anything contained herein to the contrary, this Commitment shall terminate on, and be of no further force and effect (except for the provisions that by their terms survive termination of this Commitment), at 3:00 p.m. (Eastern) on July 17, 2015, unless terminated earlier pursuant to the terms hereof (such date, the “Expiration Date”). If any such date falls on a day that is not a Business Day, then such date shall be extended to the next day that is a Business Day. The Expiration Date of this Commitment may only be extended by a written instrument executed by Xxxxxx, SHLD and Seritage specifically providing for such extension. Each of SHLD and Xxxxxxxx acknowledges and agrees that no course of dealing among Xxxxxx, SHLD and Seritage and their respective counsel (including investigations or the negotiation or exchange of draft or final, unexecuted loan documents) prior to or after such Expiration Date shall constitute an extension of such Expiration Date or otherwise form the basis of any claim against Lender as to any purported extension of the Expiration Date.
Expiration/Extension. The Swing Credit Facility shall expire on --------------------- the Expiration Date, at which time the principal amount of all Swing Loans then outstanding and all accrued but unpaid interest thereon shall be due and payable in full. The expiration of the Swing Credit Facility may be extended only in accordance with the following:
