Extension of Revolving Credit. The Lender is under no duty to extend the period of the Revolving Credit beyond July 1, 1997. Before, at or after the termination of the Revolving Credit, the Lender may extend the term of the Revolving Credit, on a basis and with terms and conditions satisfactory to the Lender in its sole discretion, for one or more successive one year terms. Any such extension must be done in a writing signed by the Lender and specifically providing for an extension of the Revolving Credit in order to be binding on the Lender. Upon any extension of the period of the Revolving Credit, the Security Agreement and the other Borrower Documents shall remain in effect and shall continue to apply to the Revolving Credit Note, as extended, (or to a renewal or replacement note for the Revolving Credit Note, or its replacement), until that Revolving Credit Note, as extended, (or to a renewal or replacement not for the Revolving Credit Note, or its replacement), until that Revolving Credit Note, as extended, renewed or replaced, shall have been paid in full.
Extension of Revolving Credit. (a) During each Revolving Period, the Credit Facility will be available to the Borrower pursuant to the terms of this Agreement on a fully revolving basis.
(b) The Borrower may request that the Revolving Period be extended by an additional year, in each case by written notice to the Administrative Agent no earlier than 90 days and no later than 30 days prior to the end of the first year of the then applicable three year Revolving Period. With any such request the Borrower will provide to the Lenders all information the Lenders may reasonably request. No later than 30 days after such request, the Lenders may extend the then current Revolving Period for an additional one year period by written notice of such extension from the Administrative Agent to the Borrower.
(c) If the Borrower does not make the request during the required period described above, or if the Borrower makes such request and such request is not agreed to by all of the Lenders, then, subject to Sections 2.17(d) and 2.17(e), the Revolving Period will not be extended, the Credit Facility will be terminated and the Obligations of such Lender(s) that do not extend in accordance with this Section 2.17 will become due and payable in full on the day immediately following the end of the then current Revolving Period for such Lender(s) (each such date, a "Maturity Date").
(d) If less than all of Lenders but the Majority Lenders agree to extend the then current Revolving Period, the Borrower may replace or repay such non-agreeing Lenders.
(e) If prior to the expiry of the Revolving Period the Majority Lenders have agreed to the extension of the Revolving Period, then the Revolving Period will be extended for an additional one (1) year period in respect of the Commitments of each of the Lenders agreeing to the extension of the Revolving Period, for certainty, any Lender that does not agree to the extension of the Revolving Period will continue to be subject to original unextended Revolving Period and the Maturity Date applicable to the extensions of credit made by such Lender hereunder will be the day immediately following the end of such Revolving Period.
Extension of Revolving Credit. PERIOD The Bank hereby notifies the Borrower of its acceptance of the Borrower’s request to extend the expiration date of the Revolving Credit Period to January 28, 2005. In accordance with Section 14(j)(iii) of the Credit Agreement, the Revolving Credit Period is extended to such date. ARTICLE III AMENDMENTS Section 11(a) of the Credit Agreement is hereby amended by renumbering subsection (viii) thereof as subsection (ix) and inserting a new subsection (viii), which shall read as follows:
Extension of Revolving Credit. Provided that no Event of Default or Unmatured Event of Default has occurred and is continuing and subject to the terms and conditions set forth herein, commencing on the date hereof and expiring on the Termination Date, Lender shall extend to Borrower the Revolving Credit, pursuant to which Lender shall make Loans to Borrower up to an aggregate, at any time, of the Maximum Available Credit, which Borrower may from time to time, borrow, repay and reborrow, on and subject to the terms and conditions of this Agreement.
Extension of Revolving Credit. SECTION IV - The Draw Facility . . . . . . . . . . . . . . 7
Extension of Revolving Credit. The Lender is under no duty to extend the period of the Revolving Credit beyond October 1, 1998. Before, at or after the termination of the Revolving Credit, the Lender may extend the term of the Revolving Credit on a basis and with terms and conditions satisfactory to the Lender in its sole discretion, for one or more successive one year terms. Any such extension must be done in writing signed by the Lender and specifically providing for an extension of the Revolving Credit in order to be binding on the Lender. Upon any extension of the period of the Revolving Credit, the Security Agreement, the Guaranty Agreement and the other Borrower Documents shall remain in effect and shall continue to apply to the Revolving Credit, as extended, until the Revolving Credit, as extended, renewed or replaced, shall have been paid in full.
Extension of Revolving Credit. If Amsouth, Borrower and PhotoMedex desire to extend the Revolving Loan Agreement from June 1, 2004 to December 31, 2004, such extension shall be on condition that Borrower shall have provided full cash collateralization under Section 2.10 for any part the revolving credit that Borrower may draw down. .
Extension of Revolving Credit. PERIOD The Bank hereby notifies the Borrower of its acceptance of the Borrower’s request to extend the expiration date of the Revolving Credit Period to January 28, 2006. In accordance with Section 14(j)(iii) of the Credit Agreement, the Revolving Credit Period is extended to such date. ARTICLE III MISCELLANEOUS 3.01.
Extension of Revolving Credit. Provided that no Event of Default or Unmatured Event of Default has occurred and is continuing and subject to the terms and conditions set forth herein, commencing on the Closing Date and expiring on the Termination Date, Lender shall extend to Borrower the Revolving Credit pursuant to which Lender shall make Advances to Borrower up to $20,000,000 (or such lesser amount to which the Revolving Credit shall be reduced pursuant to Section 2.2.8.3 hereof), which Borrower may from time to time, borrow, repay and reborrow.
Extension of Revolving Credit. Period Expiration Date; Extension of Maturity Date.
(a) Extension of Revolving Credit Period Expiration Date. Within the period beginning fifty-nine (59) days and ending thirty (30) days before the then effective Revolving Credit Period Expiration Date, the Borrower may request in writing that the Revolving Credit Period Expiration Date be extended for an additional period of 364 days, including the then effective Revolving Credit Period Expiration Date as one of the days. Within the later to occur of (i) twenty (20) days after such request, and (ii) 30 days prior to the then effective Revolving Credit Period Expiration Date, each Bank may, in its sole discretion, agree to such extension to a new Revolving Credit Period Expiration Date not more than 364 days following the then effective Revolving Credit Period Expiration Date by giving written notice of such agreement to the Borrower and the Administrative Agent (and the failure to provide any such notice shall be deemed to be a decision not to extend). Any extension of the Revolving Credit Period Expiration Date shall not become effective until the Borrower and all of the Banks agree to any such extension.
