Extension of Revolving Credit Facility. Upon the request of the Borrowers, the Lenders may, in their sole discretion, effective as of any anniversary of the Effective Date, agree to extend the Revolving Credit Facility for a period of time beyond the then effective Termination Date. Each such extension shall be effected by the Borrowers' and Lenders' execution and delivery of a written agreement evidencing such extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Aircarriers Support Inc), Loan and Security Agreement (Kellstrom Industries Inc)
Extension of Revolving Credit Facility. Upon the request of the BorrowersBorrower, the Lenders may, in their sole discretion, effective as of any anniversary of the Effective Date, agree to extend the Revolving Credit Facility for a period of time beyond the then effective Termination Date. Each such extension shall be effected by the Borrowers' and Lenders' execution and delivery of a written agreement evidencing such extensionone-year period.
Appears in 2 contracts
Samples: Loan and Security Agreement (Burke Industries Inc /Ca/), Loan and Security Agreement (Burke Industries Inc /Ca/)
Extension of Revolving Credit Facility. Upon the request of the BorrowersBorrower, the Lenders may, in their sole discretion, effective as of any anniversary of the Effective Date, agree to extend the Revolving Credit Facility for a period of time beyond the then effective Termination Dateone year. Each such extension shall be effected by the Borrowers' and Lenders' execution and delivery to the Borrower of a written agreement evidencing notice to that effect by the Lenders, not less than 30 days prior to such extensionanniversary date.
Appears in 2 contracts
Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Texfi Industries Inc)