Common use of Extension of Commitment Clause in Contracts

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower ending May 31, 2005), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments for one additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any attorneys’ fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 2 contracts

Samples: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp)

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Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower ending May December 31, 20052006), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments Commitment Period for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any reasonable attorneys’ fees or other reasonable expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 2 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Credit Agreement (Teletech Holdings Inc)

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower IHS ending May 31November 30, 2005), Borrower Borrowers may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments Commitment for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower Borrowers and the Lenders. Borrower Borrowers shall pay any attorneys’ fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower Borrowers and Agent.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower ending May August 31, 2005), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments Commitment for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any attorneys' fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Schulman a Inc)

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower ending May December 31, 20052004), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments for one additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any reasonable attorneys’ fees or other reasonable expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Teletech Holdings Inc)

Extension of Commitment. Contemporaneously Upon written request of Borrower received by Agent contemporaneously with the delivery of the Borrower's annual financial statements required pursuant to Section 5.3(b) hereof (beginning hereof, commencing with the financial statements of Borrower for the fiscal year of Borrower ending May December 31, 2005)2007, Borrower may deliver a Request Agent and the Banks shall have the option of extending the Commitment Period for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments for one an additional year. Each such extension shall require be in the unanimous written consent sole discretion of all of Agent and the Lenders Banks and shall only be upon such terms and conditions as may be agreed to approved by Agent, Borrower Agent and the LendersBanks if approved by Agent and the Banks in writing. Borrower shall pay any all attorneys' fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other extension and other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Davey Tree Expert Co)

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the Borrower's fiscal year of Borrower ending May March 31, 20052004), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments Commitment for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any reasonable attorneys' fees or other properly documented expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Standard Electronics Inc)

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Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the fiscal year of Borrower ending May December 31, 20052004), Borrower may deliver a Request for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments Commitment for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Lenders. Borrower shall pay any attorneys' fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Sykes Enterprises Inc)

Extension of Commitment. Contemporaneously with the delivery of the financial statements required pursuant to Section 5.3(b) hereof (beginning with the financial statements for the Borrower's fiscal year of Borrower ending May December 31, 20052001), Borrower may deliver a Request for Extension, requesting that the Lenders Banks extend the maturity of the Revolving Credit Commitments Commitment for one an additional year. Each such extension shall require the unanimous written consent of all of the Lenders Banks and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the LendersBanks. Borrower shall pay any attorneys' fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit and Security Agreement (Park Ohio Holdings Corp)

Extension of Commitment. Contemporaneously Upon written request of Borrower received by Agent contemporaneously with the delivery of the Borrower's annual financial statements required pursuant to Section 5.3(b) hereof (beginning hereof, commencing with the financial statements of Borrower for the fiscal year of Borrower ending May December 31, 2005)2003, Borrower may deliver a Request Agent and the Banks shall have the option of extending the Commitment Period for Extension, requesting that the Lenders extend the maturity of the Revolving Credit Commitments for one an additional year. Each such extension shall require be in the unanimous written consent sole discretion of all of Agent and the Lenders Banks and shall only be upon such terms and conditions as may be agreed to approved by Agent, Borrower Agent and the LendersBanks if approved by Agent and the Banks in writing. Borrower shall pay any all attorneys' fees or other expenses of Agent in connection with the documentation of any such extension, as well as such other extension and other fees as may be agreed upon between Borrower and Agent.

Appears in 1 contract

Samples: Credit Agreement (Davey Tree Expert Co)

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