Common use of Extension of Loan Clause in Contracts

Extension of Loan. The maturity of the Note shall be automatically extended from February 18, 1999 until May 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 February 18June 1, 1999 until May 16September 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 February 1815, 1999 until May 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 February 1820, 1999 until May 1620, 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.