Common use of Extension or Increase Clause in Contracts

Extension or Increase. The Borrower may from time to time request an Issuing Bank to extend the expiration date of an outstanding Letter of Credit issued by such Issuing Bank or to increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or increase shall for all purposes hereunder (including Sections 3.01(a), 3.01(b)(i) and 5.02) be treated as though the Borrower had requested issuance of a replacement Letter of Credit; provided, that the Issuing Bank may, if it elects, issue an amendment to the Letter of Credit providing for such an extension or increase in lieu of issuing a new Letter of Credit in substitution therefor.

Appears in 1 contract

Samples: Credit Agreement (Aasche Transportation Services Inc)

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Extension or Increase. The Borrower Borrowers may from time to time --------------------- request an Issuing the Bank to extend the expiration date of an outstanding Letter of Credit issued by such Issuing the Bank or to increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or increase shall for all purposes hereunder (including Sections 3.01(a)3.01, 3.01(b)(i3.02(a) and 5.02) be treated as though the Borrower Borrowers had requested issuance of a replacement Letter of Credit; provided, that the Issuing Bank may, if it elects, issue an amendment to the Letter of Credit providing for such an extension or increase in lieu of issuing a new Letter of Credit in substitution therefor.

Appears in 1 contract

Samples: Credit Agreement (C Cor Net Corp)

Extension or Increase. The Borrower may from time to time request an Issuing Bank to extend the expiration date of an outstanding Letter of Credit issued by such Issuing Bank or to increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or increase shall for all purposes hereunder (including but not limited to Sections 3.01(a), 3.01(b)(i3.02(a) and 5.02) be treated as though the Borrower had requested issuance of a replacement Letter of Credit; provided, however, that the Issuing Bank may, if it elects, issue an amendment to the particular Letter of Credit providing for such an extension or increase in lieu of issuing a new Letter of Credit in substitution therefor.for

Appears in 1 contract

Samples: Agreement (Primark Corp)

Extension or Increase. The Borrower may from time to time request an the Issuing Bank to extend the expiration date of an outstanding Letter of Credit issued by such the Issuing Bank or to increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or increase shall for all purposes hereunder (including but not limited to Sections 3.01(a), 3.01(b)(i3.2(a) and 5.025.2) be treated as though the Borrower had requested issuance of a replacement Letter of Credit; providedprovided that, that the Issuing Bank may, if it elects, issue an amendment to the particular Letter of Credit providing for such an extension or increase in lieu of issuing a new Letter of Credit in substitution thereforfor the outstanding Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weis Markets Inc)

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Extension or Increase. The Borrower Borrowers may from time to time request an Issuing Bank to extend the expiration date of an outstanding Letter of Credit issued by such Issuing Bank or to increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or increase shall for all purposes hereunder (including Sections 3.01(a)3.01, 3.01(b)(i3.02(a) and 5.02) be treated as though the Borrower Borrowers had requested issuance of a replacement Letter of Credit; provided, that the Issuing Bank may, if it elects, issue an amendment to the Letter of Credit providing for such an extension or increase in lieu of issuing a new Letter of Credit in substitution therefor.

Appears in 1 contract

Samples: Credit Agreement (C Cor Net Corp)

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