Common use of Extension of Facility Clause in Contracts

Extension of Facility. The Termination Date shall be automatically extended for successive one-year periods unless either the Lender or the Borrower provides to the other written notice of termination not less than 60 days prior to the then effective Termination Date.

Appears in 4 contracts

Samples: Loan and Security Agreement (Dataflex Corp), Loan and Security Agreement (International Comfort Products Corp), Loan and Security Agreement (International Comfort Products Corp)

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Extension of Facility. The Termination Date shall be automatically extended for successive one-year periods unless either the Lender or the Borrower provides Borrowers provide to the other written notice of termination not less than 60 90 days prior to the then effective Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

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