Extension of Commitment Period. (a) Provided that no Default or Event of Default shall exist, the Borrower may request that the Commitment Period be extended for up to 364 days by giving written notice thereof (each an "Extension Request") to the Administrative Agent at any time during the period which is not more than 45 days nor less than 30 days prior to the then current Maturity Date and, upon receipt of each such notice, the Administrative Agent shall promptly notify each Lender thereof. Each Lender shall endeavor to respond to each Extension Request by no later than 15 days prior to the then current Maturity Date, provided that each Lender which shall have failed so to respond by such time shall be deemed not to have consented thereto. The Administrative Agent shall promptly notify the Borrower as to the name of each Lender that, in accordance with this subsection (a), consented to such extension. In the event that Lenders having Commitments greater than 50% of the Aggregate Commitments shall not have consented in accordance with this subsection (a) to such extension, the then current Maturity Date shall not be extended and shall remain in full force and effect. In the event that all Lenders shall have consented in accordance with this subsection (a), then on the date upon which the last such consent shall have been received by the Administrative Agent, the then existing Maturity Date shall be extended to the day which is 364 days after such date (or, if such date is not a Business Day, the Business Day immediately preceding such day).
Extension of Commitment Period. At any time during the sixty days immediately preceding the last day of the Commitment Period, the Bank in its sole discretion may elect to extend the Commitment Period for a period not to exceed 360 days by written notice from the Bank to the Borrowers which written notice shall include the number of days by which the Commitment Period shall be extended. Each notice granting an extension shall be attached to the Note and shall constitute an amendment extending the Commitment maturity date of the Note by the number of days specified in the notice. If the Bank does not elect to extend the Commitment Period, the Bank shall not be required to give notice to Borrowers of such election not to extend. If the Borrowers have not received notice from the Bank as stated herein that the Bank has elected to extend the Commitment Period by one year, the Commitment Period shall be deemed not to have been extended.
Extension of Commitment Period. Borrower may, at least thirty (30) days before the end of the Commitment Period then in effect, request in writing to Lender that the Commitment period be extended one (1) year to the anniversary date next following the last day of the Commitment Period then in effect. Lender shall not be obligated to grant Borrower any such extension. If any such extension is granted by Lender, Borrower shall execute and deliver an amended and restated Note reflecting such extension.
Extension of Commitment Period. During the thirty (30) day period following delivery by the Borrower pursuant to Section 0 of this Agreement of its consolidated financial statements for its Fiscal Year ending December 31, 1998, and annually thereafter during the thirty (30) day period following delivery by the Borrower of its consolidated financial statements pursuant to Section 0, the Borrower may request the Agent to determine if all of the Banks are then willing to extend the Revolving Credit Termination Date for a single additional year. If the Borrower so requests the Agent will advise the Banks. If all of the Banks in their sole discretion are willing to extend the Revolving Credit Termination Date, the Borrower, the Agent and the Banks shall execute a definitive written amendment extending the Revolving Credit Termination Date. No extension shall be effective for any purpose unless such definitive written instrument is signed by all of the Banks and delivered within sixty (60) days following the notice from
Extension of Commitment Period. The Commitment Period shall expire automatically unless Borrower makes a written request to Lender not later than thirty (30) days prior to the expiration of the Commitment Period and such request is approved in writing by Lender prior to the expiration of the Commitment Period. The right of Lender not to extend the Commitment Period shall be unconditional and within its sole discretion, notwithstanding that no Event of Default exists under this Agreement and the Loan Documents and regardless of the adequacy of the Collateral for Borrower's performance of its obligations hereunder and thereunder.
Extension of Commitment Period. The Commitment Period defined in Section 1.0 shall be extended for up to 30 days if the Township’s title insurance agent encounters difficulty in confirming Seller’s title to the Property. Seller shall be responsible for assisting the Township and its insurer in reviewing Seller’s title.
Extension of Commitment Period. Section 2.1 of the Revolving Credit Agreement and is hereby deleted in its entirety and amended and restated as follows:
Extension of Commitment Period. Ladies and Gentlemen: We have reviewed (a) the Amended and Restated Series 2000-1 Supplement ("the "2000-1 Supplement") dated November 15, 2001 to the Pooling and Servicing Agreement dated March 1, 1999, as amended (the "Pooling and Servicing Agreement"), each by and among Gottschalks Credit Receivables Corporation, as Depositor, Gottschalks Inc., as Servicer, and Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as trustee (the "Trustee"), (b) the proposed Second Extension Notice and Agreement by and among Gottschalks Credit Receivables Corporation, Gottschalks Inc., the Trustee, Warehouse Line Advisors Inc. and Bank Hapoalim B.M. (the "Extension Notice and Agreement") and (c) any other documents we considered relevant in connection with the Gottschalks Credit Card Master Trust Fixed Base Credit Card Certificates, Series 1999-1 (the "Series 1999-1 Certificates") and the Gottschalks Credit Card Master Trust Variable Base Credit Card Certificates, Series 2000-1 (the "Series 2000-1 Certificates"). Please be advised that Fitch IBCA confirms that the execution of the Extension Notice and Agreement and the reextension of the Commitment Period as contemplated thereby will not result in a downgrade, withdrawal or modification of the ratings assigned to the Series 1999-1 Certificates or the Series 2000-1 Certificates. We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please do not hesitate to contact us.
Extension of Commitment Period. At any time prior to the 6 month anniversary of the date hereof, the Company shall have the right to increase the Commitment Period by an additional 6 months by notifying the Investor in writing, provided that the Company pays an additional commitment fee in the amount of $200,000 as set forth in Section 11.04 in connection with such increase.
Extension of Commitment Period. 8 Section 2.06
