Common use of Extension of Termination Date Clause in Contracts

Extension of Termination Date. At the request of the Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 6 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (Doral Financial Corp), Master Loan and Security Agreement (Long Beach Financial Corp)

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Extension of Termination Date. At the request of the Borrower Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrower Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 6 contracts

Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Loan and Security Agreement (American Home Mortgage Holdings Inc), Master Loan and Security Agreement (Allied Capital Corp)

Extension of Termination Date. At the request of the Borrower made Borrower, at least thirty (30) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier more than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 3 contracts

Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Source One Mortgage Services Corp), Master Loan and Security Agreement (E Loan Inc)

Extension of Termination Date. At the request of the Borrower Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrower Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 2 contracts

Samples: Loan Agreement (Aames Investment Corp), Master Loan and Security Agreement (Aames Financial Corp/De)

Extension of Termination Date. At the request of the Borrower Borrowers, which request must be made at least thirty (30) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc), Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Extension of Termination Date. At the request of the Borrower made Borrower, ----------------------------- at least thirty (30) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrower made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period of up to be determined by Lender in its sole discretion 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Newtek Business Services Inc)

Extension of Termination Date. At the request of the Borrower made Borrower, ----------------------------- at least thirty one hundred and fifty (30150) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period of 364 days, dating from the date one hundred and twenty (120) days prior to be determined by Lender in its sole discretion the Termination Date, by giving written notice of such extension to the Borrower no later than one hundred and twenty (20120) days, but in no event earlier than thirty (30) days, days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Imperial Credit Commercial Mortgage Investment Corp)

Extension of Termination Date. At the request of the Borrower made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Cityscape Financial Corp)

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Extension of Termination Date. At the request of the Borrower made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a an additional period of time, to be determined by the Lender in its sole discretion discretion, by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cityscape Financial Corp)

Extension of Termination Date. At the request of the Borrower Borrower, which request must be made at least thirty (30) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Extension of Termination Date. At Upon the written request of the Borrower made Borrower, at least thirty (30) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days, by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to days following receipt of such request from the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination DateBorrower.

Appears in 1 contract

Samples: Amendment (CNL American Properties Fund Inc)

Extension of Termination Date. At the request of the Borrower Borrowers made at least thirty ninety (3090) days, but in no event earlier than ninety one hundred twenty (90120) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined requested by Borrowers and approved by Lender in its sole discretion by giving written notice of such extension to the Borrower Borrowers no later than twenty sixty (2060) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Affordable Residential Communities Inc)

Extension of Termination Date. At the request of the Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Chastain Capital Corp)

Extension of Termination Date. At the request of the Borrower made Borrower, at least thirty one hundred and twenty (30120) days, but in no event earlier than ninety (90) days, days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period of 364 days, dating from the date one hundred and twenty (120) days prior to be determined by Lender in its sole discretion the Termination Date, by giving written notice of such extension to the Borrower no later than twenty ninety (2090) days, but in no event earlier than thirty (30) days, days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Chastain Capital Corp)

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