Common use of Extension of Loan Clause in Contracts

Extension of Loan. The maturity of the Note shall be automatically extended from June 1, 1999 until September 1, 1999 provided that: (a) no defaults exist under this Agreement; and (b) that the Loan is not subject to any setoff, defense or counterclaim by the Borrower.

Extension of Loan. The maturity of the Note shall be automatically extended from June 1February 15, 1999 until September 1May 16, 1999 provided that: (a) no defaults exist under this Agreement; and (b) that the Loan is not subject to any setoff, defense or counterclaim by the Borrower.

Extension of Loan. The maturity of the Note shall be automatically extended from June 1February 18, 1999 until September 1May 16, 1999 provided that: (a) no defaults exist under this Agreement; and (b) that the Loan is not subject to any setoff, defense or counterclaim by the Borrower.

Extension of Loan. The maturity of the Note shall be automatically extended from June 1February 20, 1999 until September 1May 20, 1999 provided that: (a) no defaults exist under this Agreement; and (b) that the Loan is not subject to any setoff, defense or counterclaim by the Borrower.