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 December 31, 2004, Borrower may deliver a Request for Extension, requesting that the Revolving Lenders extend the maturity of the Revolving Credit Commitment for an additional year. Each such extension shall require the unanimous written consent of all of the Revolving Lenders and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Revolving 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 and Security Agreement (Epiq Systems 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 December October 31, 20042005), Borrower may deliver a Request for Extension, requesting that the Revolving Lenders extend the maturity of the Revolving Credit Commitment for an additional year. Each such extension shall require the unanimous written consent of all of the Revolving Lenders and and, subject to Section 11.3(b) hereof, shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Revolving 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: Assignment and Acceptance Agreement (Shiloh Industries 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 December October 31, 2004), Borrower may deliver a Request for Extension, requesting that the Revolving Lenders extend the maturity of the Revolving Credit Commitment for an additional year. Each such extension shall require the unanimous written consent of all of the Revolving Lenders and and, subject to Section 11.3(b) hereof, shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Revolving 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 among Borrower, Agent and Agentthe Revolving Lenders.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Shiloh Industries 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 commencing with the financial statements for the Borrower's fiscal year of Borrower ending December 31, 20042001), Borrower may deliver a Request for Extension, requesting that the Revolving Lenders Banks extend the maturity of either the Revolving Credit Tranche A Commitment or the Tranche B Commitment, or both, for an additional year. Each such extension shall require the unanimous written consent of all of the Revolving Lenders Banks and shall be upon such terms and conditions as may be agreed to by Agent, Borrower and the Revolving 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: Assignment and Acceptance Agreement (Standard Register Co)

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